Chapter 1070 [Double kill of stocks and exchanges]
At about 17:30 that afternoon, I stayed in the villa quietly.
Tian Jiayi sat in the living room and reported to Fang Hong: "Two trillions of bailout funds have been fully injected into the market as planned today. In addition, the 22 listed targets of Galaxy Group have also reached record highs today with a collective daily limit.
"
After a moment, Fang Hong said simply and neatly: "Then suspend trading and proceed according to the established plan."
After the previously publicly promised two trillion yuan of liquidity is injected into the market, no additional liquidity will be provided. Even if there is, it will be for the purpose of making money at the bottom.
…
At around 8 o'clock in the evening, a major announcement caused a sensation in the capital market and also excited many retail investors who were holders of Qunxing stock.
This announcement is that the village approved the collective suspension of trading of 22 Galaxy concept stocks.
According to its announcement, 22 Galaxy concept stocks were delisted from the Shanghai and Shenzhen stock exchanges and relisted on the SGX, resuming trading at the same time as the SGX opened.
The SGX has also done a good job in coordinating the process and disclosed relevant announcements in a timely manner. For the small and medium-sized shareholders of these 22 listed companies, including individual investors who do not meet the SGX's admission threshold, they are allowed to open accounts and continue passively.
Hold, for accounts that have not reached the access threshold, there is only one opportunity to sell stocks. After selling, the trading operation cannot be continued unless the account meets the access threshold.
Although there is only one opportunity to sell in a one-way operation, it still makes many retail investors who hold these stocks and plan to hold them for a long time very excited. They would not have the opportunity to invest in SGX stocks, but the stocks of Qunxingxing are listed in Shanghai and Shenzhen.
The main board was delisted and listed on the SGX but there was a bug.
Most people in the outside world did not expect that the listed 22 cluster star targets would be delisted from the main board so neatly, nor did they expect that the Shanghai and Shenzhen exchanges would let them go so happily.
In fact, the two major exchanges don't want to let go at all, but they are determined to leave and can't keep it, so their thoughts have already flown to the SGX.
Instead of twisting it, let it go happily.
Besides, Stars Capital is not some little Karami.
According to the latest announcement from the SGX, the stock trading codes of listed companies on the SGX start with 68, and 22 listed companies in the Galaxy Group have confirmed their trading codes. For example, the stock code of Xingyu Technology after listing on the SGX is 680001
, Quantitative Capital is 680002, WeChat is 680003, Jiuzhou Blue Arrow is 680004, and the stock code of ATL Technology, the 22nd company, is 680022.
Most investors are discussing the transfer of the concept of 22 Galaxies to the SGX without realizing the hidden information. However, some keen and smart people have smelled some key signals. The listed companies of the Galaxies have changed from two
The city's main board was collectively delisted and moved to the SGX, giving people a sense of sharing the pot.
In other words, it is very likely that Qunxing Capital will not put a lot of energy into the main boards of the two cities from now on, and the rescue efforts like last month may not appear again in the future. And calculate the funds during this period.
Regarding the inflow situation, the two trillion yuan of funds promised by Qunxing Capital has basically been exhausted.
Run quickly——!
This was a thought that some smart money quickly had, and it was fulfilled by the market the next day.
…
Tuesday, August 18th.
The A-share market opened today, and all 22 Galaxy concept stocks were suspended and unable to be traded. The first half hour of the opening in the morning was quite satisfactory, and it even touched the 4,000-point mark during the session.
But after 10 o'clock, the market began to turn downward, and the decline gradually expanded. At this time, some people gradually realized that something was wrong.
When the market opened in the afternoon, the two cities fell further and accelerated, which also triggered market panic.
Because news has begun to spread that the super main force has withdrawn from the rescue of the market. In the blunt words of some investors, Qunxing Capital has used up its 2 trillion bullets and will not inject new liquidity to maintain the stock market.
Moreover, this juncture coincides with the curse of futures delivery. Whenever stock index futures are delivered, the stock market will inevitably experience large fluctuations.
Technically, the area around 4,000 points is an area of intensive trading, or an area of intensive holding. If the market volume cannot continue to increase, it will be difficult to break through the severe pressure range here.
Factors in the foreign exchange market also began to be transmitted to the stock market. At this time, the rescue funds that had been reluctant to bear the pressure began to run away decisively.
Due to the combination of multiple factors, Big A was sent directly to the ICU.
Today the index plummeted -6.15%, closing at 3748.16 points. The two cities once again fell to the limit of 1,000 shares, and more than 1,500 stocks hit the limit in the afternoon.
…
The next day, Wednesday, August 19, the index opened lower at -2.70% and once fell 5 percentage points during the session. However, it staged a deep V reversal in the afternoon and closed up 1.23% after the market. Many investors saw that the index fell to this round of rebound.
The market stopped falling and rebounded at the lower channel position, thinking that it had stabilized and started to continue its upward attack.
Many people started to buy the bottom at this time, but the next five trading days once again plunged the market into despair, because Big A ushered in the moment of the stock market crash 2.0, and staged a double-kill market for stocks and foreign exchanges. The foreign exchange market had stabilized.
It also depreciated again.
On Thursday, August 20, the Shanghai Stock Exchange Index fell sharply -3.42% to 3664.29 points.
On Friday, August 21, the Shanghai Stock Exchange Index plunged -4.27% to 3507.74 points.
On Monday, August 24, the Shanghai Stock Exchange Index plummeted -8.49% to 3209.91 points, setting a new low since the current market decline, and once again set the largest single-day decline in eight years. The two cities once again fell to the limit of 1,000 shares, exceeding 2,000 stocks.
Individual stocks fell to their limit.
On Tuesday, August 25, the Shanghai Stock Exchange Index plummeted -7.63% to 2964.97 points. On this day, it not only further hit a new low since the current market decline, but also directly broke through the important psychological mark of 3000 points. The two cities exceeded 1900 points.
Only individual stocks hit the limit.
On Wednesday, August 26, the Shanghai Stock Exchange Index fell -1.27% again, closing at 2927.29 points. The intraday drop was close to 4 percentage points, breaking through the 2900-point mark, and dropped to as low as 2850.71 points.
In just 5 trading days, the index plummeted by more than 22 percentage points, and the decline in the last seven trading days exceeded 26 percentage points. Such a sharp decline, let alone the index, even individual stocks plummeted.
The scene above was even more brutal.
Since the market peaked at 5178 points in mid-June, in just over two months, the cumulative decline of the Shanghai Stock Exchange Index has reached an astonishing -43.34%, and individual stocks have generally been cut in half again.
During this period of tragic "double-kill" market conditions for stocks and foreign exchange, the foreign exchange market plummeted first, and then the stock market. Many investors who had been fished out by Fang Hong were buried again in recent days, and their accounts were cut in half again and again.
I am afraid that only the holders of the suspended 22 Group Galaxy concept stocks in the entire market have escaped this disaster. They were trembling when they saw the market breaking through 3,000 points, but they were also extremely fearful of the expectation of resumption of trading to make up for the decline. After all,
All have reached record highs.
But at least they have escaped a disaster now, which is considered a blessing among misfortunes, and most holders are relatively calm, after all, they have quite a generous profit margin.
