China’s official media, Securities Daily, published an article on the 30th stating that rectifying 'metaphysical stock trading' is imminent.
The article pointed out that on the 27th, China’s A-share market once again witnessed a speculative rally in zodiac-themed concept stocks, with stocks bearing the character 'horse' collectively surging. The average gain among 28 related stocks reached as high as 6%. Among them, stocks such as Yema Battery and Feima International enjoyed limit-up increases, while nine stocks including Fulongma saw gains exceeding 5%.
The article stated that zodiac concept stocks refer to stocks related to the Chinese zodiac and are a typical example of 'metaphysical stock trading.' The preposterous tricks of speculating in zodiac concept stocks attract investors because the manipulators behind them exploit some investors’ psychological desire to 'trade for short-term gains and quick profits,' creating an illusion of prosperity in the trading of certain stocks.
The article pointed out that in the frenzy of speculation, blind investors do not care whether the stock itself has investment value, nor do they care about the health of the company’s fundamentals; they only care how high the stock price can rise. Although some stocks see astonishing short-term gains, such rallies, lacking any value support, are extremely fragile, often followed by sudden plunges and precipitous declines in stock prices, with ordinary investors typically suffering heavy losses.
The article stated that 'metaphysical stock trading' is essentially irrational speculation detached from fundamentals, deviating from the intrinsic logic of value analysis at the core of stock investment. Rectifying the speculation of zodiac concept stocks and other 'metaphysical stock trading' behaviors is imperative and urgently requires the concerted efforts of all market participants.