At around 21:00 on Monday night, May 2, the next day, a piece of breaking news once again caused a stir in the capital market. The popularity of the SGX was already high, and now it is still adding fuel and fermenting.
In the middle of the night, a few pictures suddenly went viral on the Internet and were widely discussed by many investors in major stock forums and exchange groups.
The news is that the major shareholder who illegally reduced his holdings and cashed out WeChat stocks was not only traced, but the person involved was intercepted by relevant personnel at the checkpoint when he was leaving customs, and his silver bracelet was taken away on the spot. There are pictures and the truth.
After this news came out, the capital market was shocked, especially the directors, senior management and supervisors of many companies listed on the SGX.
The stock investors all applauded and praised without hesitation.
At the same time, Fang Hong's personal Weibo account also had a large number of latest messages and comments, many of which were apologies from various stock investors and netizens who had scolded him before. They knew that Fang Hong might not see it, but they all came over one after another.
message.
All the criticism came back at once.
Because God K, who had been silent for many days, just came out and posted a Weibo, the whole incident ushered in a shocking turn at lightning speed, which made many people believe that God K must be the one to turn the tide.
Those fanatical believers are now more convinced that although God K did not speak out because he was secretly taking action, there must be a fierce struggle, but outsiders cannot see the process and can only see the results of the struggle.
Judging from the results, it is obvious that God K won.
It can be said that now it is not only the SGX that has established unprecedented prestige and credibility due to this recent incident, but also Fang Hong.
…
The next day, Tuesday, May 3rd.
The first trading day after the holiday arrived as scheduled. The NSE 50 index opened the call auction at 1209.55 points in the morning, a sharp increase of 3.13%, and reached the 1200-point mark directly during the bidding stage.
After the market opened at 9 o'clock sharp, the New Securities 50 Index opened higher and hit the barefoot Yang line. The market showed an absolute short squeeze situation by bulls.
The funds that had been withdrawn before came back, and they all admitted their mistakes and corrected them, and they all rushed into the market together.
Now even an ordinary retail investor knows that the NSE 50 Index has emerged from a once-in-a-lifetime gold pit. Although there were several twists and turns some time ago, investors once lost confidence in this market.
But the final result greatly exceeded the expectations of all investors, and the confidence that was once again restored was unprecedentedly strong.
As time passed, less than 20 minutes after the opening, the SGX 50 Index rose by more than 6 percentage points, and it still showed a unilateral upward trend of short squeeze. More than 230 stocks on the SGX were all red, and not a single stock
It is green disk status.
At this moment, WeChat stock has become the number one popular stock in the A-share market today. The stock has been at the forefront during this period, and investors have continued to pay high attention to the stock.
When the SGX opened today, investors also discovered that WeChat was no longer in the list of constituent stocks of the SGX 50 Index.
Moreover, after searching for the stock code, you can see that its name has changed to "ST WeChat". The stock has obviously been processed at the speed of light. It has been removed from the NSE 50 Index and is still wearing the ST hat. It will have to be worn for up to two years in the future.
ST hat.
For stocks that have been ST-listed, the price limit will be limited to plus or minus 5 percentage points. This is the same rule on the SGX and the Main Board.
What really puts this stock at the top of today's list of popular stocks is that it is experiencing historic volume.
According to the regulations of the SGX, the open-ended passive technology funds that track the index must clear out the relevant targets of the sample stocks that have been removed from the relevant index the next day. In other words, the current five SGX 50 Index ETFs must
Passively clear the chips held by WeChat.
So at this moment, WeChat's market is facing unprecedented selling pressure, because the ETF on the market is clearing this stock.
However, active funds, private equity funds and other institutions do not need to do so. These institutions have not yet cleared their positions in the stock, and there are even many traders from private equity funds who are still issuing orders to continue buying the stock at the bottom.
Because everyone knows that the fundamentals of this stock have not changed. This time it was cut in half. It was a wrongful killing. It was Ma Su who was cut off in tears.
Now that the market crisis has been lifted, confidence has not only returned, but has also been strengthened like never before. During this period, WeChat's stock price was cut in half and turned into a golden pit within a golden pit.
This is the rule when the NSE 50 ETF fund liquidates it. Those that are not in the list of constituent stocks of the NSE 50 Index will be liquidated.
As a result, investors realized that WeChat’s stock price had taken on the selling pressure of the ETF’s continuous liquidation. The increase of 4.98% had firmly sealed the daily limit. The stock price was fixed at the daily limit price of 28.67 yuan. The ETF continued to liquidate.
The chips are all traded on the board, and there is no way to break the board.
Because there are tens of billions of closed orders on the daily limit board at the moment. To be precise, more than 50 billion of funds are queuing up to receive the chips cleared by the ETF.
Anyone with a discerning eye knows that if you fail to get the chips at this position today, you will never be able to get them again. Tomorrow, the volume will definitely shrink and the daily limit will be restored, and it will definitely continue to shrink and the daily limit will be heavy.
Return to the trillion market capitalization mark.
The huge amount of chips released today is the result of the passive liquidation of ETFs. Those who take the chips are equivalent to grabbing the bottom of the ETF. This kind of opportunity is rare and rare.
The chips of the five NSE 50 ETFs on the market are about 70 billion, so today's full-day trading volume of the stock will definitely exceed this number. If it does not exceed this number, then the stock will definitely close at the limit.
If a large weight on the main board is stricken, all that is waiting for it will continue to fall to the limit, because when the relevant ETFs are cleared, no one will take over, and they will even flee together and cause a stampede, but there will be no limit to the limit.
However, investors from all walks of life in the market are rushing to get the chips cleared by the ETF of WeChat stock, and those who are slow may not be able to get it.
…
At around 14:13 in the afternoon, the NSE 50 Index rose to 1290.09 points, but could not rise any higher because it had already hit the daily limit.
On the first trading day of May after the holidays, the NSE 50 Index once again staged a spectacular scene of exponential daily limit. This is the second time in the history of the NSE 50 Index that the NSE 50 Index has experienced an exponential daily limit. The last time was last month.
, time is not that far away, everyone still remembers it.
The market is in a boiling state, and stock forums and various exchange groups are extremely popular, with constant discussions.
As of the close of trading, the NSE 50 Index closed at the daily limit at 1,290.09 points, with a full-day turnover of 207.4 billion.
Among them, WeChat’s transaction volume today topped the list of A-shares, reaching a huge amount of 76.689 billion. Such a transaction scale is also ranked high in the history of Big A, second only to Zhongguo Pingan in the long-short game last year.
