Chapter 1160 [As soon as the news came out, it exploded]
One is that WeChat has illegally reduced its holdings, and the other is that there is a bug in Matrix Quantum's trading system, which has involved two super giants with a market capitalization of trillions.
General Manager Wu's head hurts just thinking about it. Fortunately, the bug in the trading system was repaired in time and discovered early. If it had been one day later, all Galaxy's stocks would have been illegally reduced...
Thinking of this aspect, even if General Manager Wu had seen the big winds and waves, he couldn't help but feel a chill in his heart. If something like this happened, the consequences would be disastrous. He didn't dare to think about how the SGX would end.
You must know that the current constituent stocks of the SGX 50 Index are basically the listed companies of the Galaxy Group. Moreover, of the current total market capitalization of SGX 20 trillion, the listed companies of the Galaxy Group account for more than 90%, and there are nearly 200 other companies.
Listed companies account for less than 10%.
Fortunately, this situation did not happen, which is considered a blessing among misfortunes.
But not long after, another thing that worried General Manager Wu the most happened. At about 17:00 in the afternoon, the news that WeChat's major shareholders illegally reduced their holdings suddenly spread outside. The news spread like it had wings.
.
As soon as this news came out, it was like a depth bomb being detonated, and the capital market immediately exploded.
People from all walks of life in the market were shocked when they saw this news. They thought it was fake news for a while. They were even more shocked when they learned that this was not a rumor but was indeed true.
The capital market was shocked!
…
In the meantime, stay in the villa quietly.
Evelei, the housekeeping girl, took a coat from the cloakroom and brought it to the living room and handed it to Fang Hong. The latter had already changed into a going-out outfit. When he took the coat, he said to the girl: "
If anyone comes to visit in the past few days, just tell them that I am out doing research during this time."
At this time, the capital market has exploded, and Fang Hong's Weibo account has also been flooded with countless messages and private messages. However, Fang Hong seems to be nothing happened at this moment, hearing thunder in the silence.
It's true that he went out for research. He was leaving Xincheng today, and he was going to the Nuclear Power Shipbuilding Company to see what was going on at the shipyard.
Evelei nodded: "Yes, I understand. If anyone comes to visit, I will convey it."
Fang Hong put on his coat and left the villa. His car had been waiting at the door for a long time, and his private plane was also waiting at Xincheng Airport. After a while, Fang Hong's car took him to the airport.
…
The next day, Thursday, April 21st.
At 8:45 in the morning, the SGX market entered the call auction stage, and WeChat stock suddenly dropped to the top of the list of popular stocks. Everyone was watching the opening of this stock.
As expected, there was no surprise. As soon as the bidding started, WeChat's share price was directly hit the one-word limit.
When the call auction ended at 8:55, WeChat's stock price remained unchanged, and finally opened at the daily limit without any suspense, and the galaxy concept stocks also collectively opened lower to varying degrees, driving the NSE 50 Index to open today.
The price jumped sharply downward by -2.75% at 1485.20 points.
Opening the daily K-line chart of the NSE 50 Index, investors found that the previous two days on Tuesday and Wednesday were one yang and one yin, with the yang line jumping sharply upward to open higher. As soon as today's opening price came out, the previous two daily K-lines
Huge gaps were opened before and after the line. The previous one was a high gap, and today's gap is a low gap.
As a result, the two K-lines formed an island shape. When technical analysts saw this K-line shape, they subconsciously came up with the term "island reversal".
Five minutes later, at 9 o'clock, the SGX officially opened.
WeChat was firmly stuck on the one-line price limit and could not move, and more than 200 stocks on the SGX market were also correcting across the board at this moment, with Galaxy concept stocks falling the most.
The market panic index exploded. After the NSE 50 index opened sharply lower, it did not even make an upward pulse. It plunged all the way, and the trend showed a flash crash.
Since this market adopts the model of T 3 for institutions and T 1 for retail investors, this makes the short-term large funds entering the market on Tuesday very anxious, because they cannot sell today and will have to sell tomorrow, while retail investors can sell yesterday.
Only the institutional funds that came in on Monday when the Singapore Securities 50 Index hit its limit can leave today, but the institutional funds that came in on Tuesday and after that cannot leave now.
At this time, for the first time in the A-share market, there was a case of retail investors losing money to institutions at a periodic high. Because retail investors are T1, they can operate two days faster than institutions, which eliminates the advantages of institutions with large funds.
As time passed by, less than 20 minutes after the opening of the NSE 50 Index, the decline had already expanded to 5 percentage points, and there was still no sign of stopping the decline and stabilizing.
As soon as the news came out yesterday that WeChat was illegally reduced by major shareholders, it had a huge impact on the market, and it was at such a juncture that such a big thing just happened last weekend.
At this moment, all kinds of news are flying all over the place, inside and outside the court, true and false, false and true.
In a stock exchange group, a group of investors are currently discussing the incident of illegal holding reduction by a major shareholder of WeChat.
[What do you think about the illegal reduction of holdings by WeChat’s major shareholders?]
[See with your eyes, of course.]
[Don’t be ridiculous, seriously, I hold a heavy position in WeChat stocks. Fortunately, I bought it early and the cost was low enough. Even if I hit the limit today, I still have a profit margin of more than 60 points. Who knew what would happen?
Planting black swans, I wish I had known that some would come out yesterday.]
[Maybe it’s also an opportunity. If it falls too hard, I’ll buy some. WeChat itself is a good company, and the SGX is also a good market. You don’t have to worry about having no bottom like the one next door. If it really falls too much, it’ll be an opportunity. I went there before.
The train was late. To be honest, I wish I could have fallen further, haha.]
This chapter is not finished yet, please click on the next page to continue reading the exciting content! [The people who can buy individual stocks directly on the SGX are rich guys with a minimum net worth of one million. I can only buy ETFs to participate in this scene...
]
[I just saw a long analysis by a master in the forum. I think it makes sense. I will take a screenshot of it and share it with you in the group. According to him, the incident of WeChat being reduced by a mysterious major shareholder is related to the live broadcast of K God last week.
That has a huge connection.]
[Good guy, is it related to that matter?]
[Yes, you read this post, it is said that this is most likely an act of revenge by the group of people who were targeted by K God in the middle. The expert analyzed that the first illegal holding reduction case of SGX was definitely not a simple one.
Major shareholders want to cash out, but use this as a spear to attack the SGX.
What will be the consequences of illegal reduction of holdings in the WeChat stock? Analysts believe that this will put the SGX into a very passive situation. If we follow the procedures, WeChat is a trillion-level giant, and behind it is
Star Capital, if it is selectively put down lightly, the rules of SGX will become a piece of waste paper, so now for SGX, no matter which choice it makes, it will be very uncomfortable.]
[Woc!! Thinking about it carefully, it really makes sense. It seems that these people are seeking revenge. They have really sinister intentions.]
[Can you find out the identity of the major shareholder who reduced his holdings?]
[Didn’t I say that the trading system of SGX is very advanced and it is impossible for such illegal holding reduction to occur? How could such a thing happen?]
[I heard that there was a loophole in the trading system just maintained. This is actually quite normal. After all, it is a newly developed trading system by Matrix Quantum and uses many new technologies. I didn’t expect that such a loophole would be caught.
]
[Has it been repaired?]
[It should have been repaired overnight, otherwise the market would not have opened smoothly today. Fortunately, it was repaired in time. It would be unthinkable if it were not just a WeChat company that reduced its holdings, but all the star stocks suffered such retaliatory reductions.
…]
[I don’t know how this matter will be handled. It’s really a dilemma. The time will come to test the wisdom of the SGX and God K.]
