Chapter 1134 [The motherboard is anxious and is reorganizing work]
This matter has been decided like this, but the specific implementation needs to be arranged at a specific time, and it is definitely not at the current time point.
In the next two trading days, the A-share market entered a volatile adjustment, as did the SGX 50 Index. At the same time, the main board next door was really anxious and thinking about it, because it really wanted to be as fierce as the SGX next door.
IPOs started all of a sudden, with 10 or 20 companies listed every week.
The SGX is a bustling place right now. Just yesterday, seven groups of galaxy-themed funds collectively announced that they would close the subscription channel and only open the redemption channel.
Because many Christians are buying these theme funds like crazy. There is so much money that they can’t spend it all. If the subscription channel is not closed, the possible result is that institutional funds will join forces to chase the highs of the galaxy.
The bubbles in the stocks of listed companies will continue to inflate.
Recently, the SSE 50 Index has returned to above the 1,000-point mark, and is just on the verge of reaching a record high. The constituent stocks of the SSE 50 Index are the 22 galaxy concept stocks, and they have now reached a new high.
It is about to hit a record high.
What happens on the main board is the main board's business, but the SGX market has clearly entered a situation of overheated investment. Currently, there are 5 exchange-traded ETFs such as Hua Xia Xin Securities 50 ETF Fund on the market, and their fund size is compared to
It has more than doubled at the time of issuance. You must know that the size of these five on-site ETFs in the initial stage of issuance was huge in the tens of billions.
Among them, the latest fund size of Hua Xia Xin Securities 50 ETF, the leader of which, has exceeded an astonishing 50 billion, which has exceeded the Shanghai Stock Exchange Index 50 ETF.
Investors who have not reached the threshold of the SGX have turned to the SGX 50 ETF. It is also at the bottom. The Shanghai Stock Exchange Index has only rebounded by about 10 points, while the increase of the SGX 50 Index next door in the same period is three times that of the Shanghai Index. This has made investors panic.
It means that the new certificate 50ETF is delicious and should not be used.
The NSE 50 Index has risen by more than 32 points since the bottom, and the 50 constituent stocks have not yet been collected. If the volume of the 22 constellation stocks were not large enough, they would have been crowded by funds.
Nowadays, a large number of public equity institutions are designing SGX-themed fund types overnight and preparing for issuance and listing. If you want to play in this field, according to the speed of fund issuance, it takes about half a year from design to completion of a fund.
In other words, around June and July this year, the SGX will usher in a larger amount of public funds entering the market.
It is no exaggeration to say that the speed of subscription by citizens will also affect the speed of new stock issuance. In order to cope with the even larger number of new shares entering the market in the second half of the year, the workload of SGX is also very heavy, especially the review team working overtime.
.
The main task is to vigorously promote the IPO and promote the expansion of the SGX stock pool. Otherwise, there will be no place for so much capital to settle, and they will all be grouped together with a few listed companies.
In the publicly disclosed IPO status of the SGX in the next three weeks, more than 25 new stocks will be listed every week. Among these listed companies, Qunxing has also invested in many of its high-quality subsidiaries.
In the past, many investors complained that the SGX IPO was going public like taking a drug, but now this complaint is gone.
Because investors discovered that even though the SGX IPO was so wild, the SGX 50 Index was not soaring and was not affected at all. Even now, due to overheating of funds, it is necessary to speed up the expansion to cope with the giant.
The problem of massive influx of capital.
If the main board does not rise, it has nothing to do with the IPO price of SGX.
It can be said that waterlogging causes death by waterlogging, and drought causes death by drought.
The SGX side is in full swing, but the main board next door is a bit deserted. On one side, there are a lot of people, and on the other side, there are only a few people. It is a stark portrayal of ice and fire.
The main board next door actually really wants to follow the SGX and list 20 or 30 new stocks in a week, but it doesn't dare to do it, because if it really does this, the index will definitely die for you, and the 2638 iron bottom will have to dive all the way to break it.
look.
But just watching helplessly is not an option. You have to do something. If this continues, everyone in the venue will be gone.
…
The next day, Thursday, February 25th.
At 9 o'clock in the morning, the SGX market opened first. The SGX 50 index opened flat and moved higher. The trend was very strong. About 25 minutes after the opening, the increase expanded to 1.72%, reaching 1044.63 points. It is already close to breaking through 1051.58 points and setting a new record high.
It's very close.
However, shortly after the main boards of the two cities completed the call auction, a piece of news suddenly spread wildly during the session, causing a shock in the market.
The whole thing is coming.
It is rumored that insiders revealed: Starting from March 1, the GEM will completely stop review, and will be implemented according to the registration system in the future; the main board and the small and medium-sized board have not yet been decided, and arrangements will be made at an optional date.
The emergence of this news caused a huge shock in the market. The main boards of the two cities did not even make an upward pulse as soon as the market opened, but turned directly downward. At the same time, the Singapore Securities 50 Index also fell due to the impact of this news, which made today's shock
All-time high failure.
If this news and rumor is true, it will somewhat weaken the advantages of the SGX registration system and divert some funds. In addition, this position has just reached the key pressure level. When it is about to break through, it will be hit by this inter-day news and the funds will not be available.
Dare to go up, but it will let some stuck orders unwind, the selling pressure will increase, and the buying orders will not be able to keep up.
The NSE 50 Index simply gave up breaking through to a new high and took advantage of the trend to enter a deep adjustment, which not only released the early hold-up orders, but also used panic to let the profits from the previous dips escape and release more chips.
The increase in this period has been close to 34 percentage points since the bottom, and huge profit-taking funds have been accumulated. There was a need to cash out and leave the market.
As time went by, the three major trading markets of Big A could no longer hold on any longer, and once again experienced an extreme one-day plunge. The Shanghai and Shenzhen stock markets showed a unilateral downward trend, without even a decent rebound.
The worst decline was seen in the ChiNext Index. The entire constituent stocks were wiped out and no one was spared. Except for some suspended stocks, the smallest decline was 4 percentage points.
The biggest reason for today's plunge is obviously related to that unconfirmed rumor.
As of the close at 15:00, the three major A-share trading markets plummeted across the board. The Shanghai Stock Exchange Index plummeted -6.41% to 2741.25 points, with a turnover of 271.8 billion; the Shenzhen Component Index plummeted -7.34%, to 9551.08 points, with a turnover of 394.8 billion; the New Securities Index 50
The index plummeted -6.25% to 962.79 points, with a turnover of 84.7 billion, and the total turnover of the three major markets was 751.3 billion.
From the perspective of the Shanghai Composite Index, the accumulated gains in the seven trading days after the Spring Festival were directly swallowed up by today's big negative line in one day, and the market was filled with sorrow.
After the market closed, there were many discussions on the Internet. Some were looking for reasons and negative remarks for this extreme plunge, and the other were making complaints.
[I'm really convinced, what is Gouba Market...]
[Well, the market fell by -6.41% today, which is exactly the same as the name of the new village chief, which is homophonic.]
[It is easy to see from technical analysis. Yesterday's rise in the Shanghai Stock Index and the fall in the ChiNext's stock index already indicate the sluggish popularity. The 30-minute peak divergence in the trend is obvious. According to the wave theory, it also has a 5-wave structure in 30 minutes. And the new certificate next door is 50
The index rose 34 points unilaterally in this wave, accumulated a large amount of profit taking, and reached a critical pressure level. I also believe in K God, and I am firmly optimistic about the New Securities 50 Index in the long term, but it is impossible to continue to rise unilaterally. It should be
When there are adjustments, you have to take a break.]
[Not talking about technical analysis, I still blame Gangzi for this plunge.]
[Gangzi: I’m all packed up and you won’t let me go, right?]
[People who can’t see the statutory decline day of the domestic stock market every Thursday, why are they playing A-shares... (Funny)]
[Big Yinxian! It feels so good, I got it again, my account is very environmentally friendly... (smiling face)]
[Huh? New stubble of leeks has appeared again? Come on, cut them hard. Spring is here, and the leeks will soon grow strong again...]
[The fall is good. If you have the ability, continue to fall. The more it falls, the more you buy. I will continue to cover my position.]
[Treasure the NSE 50 Index below 1,000 points. If it falls again, it can make another wave.]
