Chapter 1250 [Wealth Fund Holding Reduction Announcement]
The technology world has been very lively these days, and the topic of Xingyu Technology’s summer new product launch conference has been hotly discussed. However, in the capital market, after the NSE 50 Index reached a record high of 2,400 points on Tuesday, it has not gone further.
New high.
The NSE 50 Index fell back -0.62% on Wednesday. After opening low on Thursday, it fluctuated and turned red. It closed up 0.42% after the market closed at 2401.74 points, barely holding the 2400-point mark.
At the opening of trading this Friday, the Singapore Securities 50 Index rose to 2406.89 points at around 9:55 in the morning. Just as it was about to hit a record high, the wealth fund announced a large-scale reduction plan.
Officially announced that the holdings of Matrix Quantum, Kunpeng Technology, Maker Square, Ukom, Jiuzhouxing, WeChat and other stocks held by its first-phase capital plate will be reduced to no more than 3.5% of their total share capital. It will be official after 15 trading days
Start reducing holdings.
According to the announcement, the holding reduction plan is expected to cash out 1 trillion in funds from the secondary market.
This is to get together to reduce holdings and cash out trillions.
As soon as this news came out, the entire major A-share market was frightened by the wealth fund's announcement of reducing its holdings, especially when the SGX market crashed and the SGX 50 index plunged.
Nearly ten minutes after the announcement was made, a new message appeared on the relevant listed companies whose holdings were reduced, reminding investors that the company had issued a shareholding reduction announcement and that major shareholders would implement the shareholding reduction plan in 15 trading days.
Wealth funds cannot be forced to reduce their holdings in advance. It is technically impossible. It is restricted by the trading system platform of SGX. After the holding reduction announcement is included, the trading system platform will only lift the lock-in restriction after 15 trading days.
Only then can the holdings be reduced in the secondary market.
At the same time, Fang Hong is also paying attention to the trends in the SGX market. At this moment, the entire market is turning downwards. Companies on the reduction list are seeing their stock prices plummet, and the SGX 50 index is also plummeting.
.
About fifteen minutes after the announcement came out, Matrix Quantum dropped to the limit, Kunpeng Technology also dropped to the limit, and WeChat was pressed to the limit shortly afterwards.
Funds are fleeing in panic on a large scale, and suddenly they are gathering to reduce their holdings and cash out trillions of dollars, leaving all investors in the market at a loss.
Today, the three major A-share trading markets fell across the board. Among them, the SGX suffered the most brutal decline. It fell below the 2400 and 2300 points during the session, because most of the wealth funds’ reduction targets were in the SGX, and the majority of them were in the SGX.
It is also a constituent stock of the NSE 50 Index.
As of the close, the Shanghai Stock Exchange Index fell -0.91% to 3246.07 points, with a turnover of 224.1 billion; the Shenzhen Component Index fell -1.26%, to 10519.86 points, with a turnover of 286.9 billion; the New Securities 50 Index fell -4.49%, to 2293.83 points, all
Daily turnover is 455.8 billion.
The SGX market released a record-breaking volume today, setting a new record for the largest single-day trading volume since the market opened. The SGX 50 index fell by an absolute 109.91 points in one day today, which can be described as a plunge.
The stock investors also exploded. Fang Hong’s Weibo was once again very lively. They all went to his Weibo to leave messages asking what was going on with the wealth fund’s holding reduction?
Although Fang Hong is not the direct manager of the wealth fund, everyone habitually goes to his Weibo to leave messages when something happens. Who makes him active on the Internet? He is the real ultimate boss of the galaxy.
This weekend, the biggest news topic in the capital market is the trillion-dollar reduction in holdings of wealth funds.
At this time, people with ulterior motives began to secretly poke and lurk, saying that the stars were not clear, and finally began to harvest investors. At the same time, a large number of voices badmouthing the SGX also emerged at this time.
The trolls began to create panic and spread rumors that the SGX 50 index's 2,400-point universe top was really coming, and the bull market that had lasted for more than a year was about to end.
These rhythms indeed frightened many investors. Fang Hong also watched silently, but was not in a hurry to speak out or take action.
…
After the weekend weekend, the stock market opened in a new week, and the three major A-share trading markets continued to decline again. On Wednesday, April 19, the NSE 50 Index closed down -1.40% to 2220.12 points, falling below the recent low.
The announcement of the trillion-dollar shareholding reduction by wealth funds has an obvious impact on the market. The absolute majority of the reduction is on the SGX, but the main boards of the two cities next door are not much better, because in this time window, many listed companies next door have
The "annual report thunder" begins to strike.
After four consecutive negative declines, the market ushered in a technical oversold rebound on Thursday and Friday. The New Securities 50 Index rebounded 0.96% and 0.61% respectively in these two days, closing at 2255.11 points.
Investors thought there were signs of stabilization, but bad news came out again on the weekend.
It is now mid-to-late April, and the latest quarterly report disclosure deadline for listed companies is the end of April. Many companies have basically disclosed annual report information, and at the same time, the latest quarterly positions of investment institutions of major listed companies have also been announced.
We have discovered that there have been huge changes in the holdings of wealth funds. For those targets that originally held no more than 5% of the shares, the latest institutional holding information shows that the wealth funds have disappeared. Because there is no need to announce in advance the reduction of holdings that does not exceed 5%.
Someone has made a rough calculation and found that wealth funds sold off listed stocks with no more than 5% shareholding ratio and cashed out another 200 billion, and they have already cashed out.
This news fermented over the weekend, once again triggering investor panic.
…
At the opening of trading on Monday, April 24, the three major A-share trading markets fell again across the board. The NSE 50 Index fell below the 2,200-point mark that day and plunged -2.46% after the market closed at 2,199.68 points, further setting a new low in recent times.
At the same time, some people who want the death of the SGX are also working hard to mobilize the trolls to take the lead, badmouthing the market and slandering the market, saying that Fang Hong's plans are too late and the harvest is about to begin.
Affected by this rhythm, some people are more or less hesitant, worried that the NSE 50 Index may really reach a historical top like the Main Board Shanghai Index 6124.
However, after today's big negative line, the NSE 50 Index did not drop further the next day. Instead, it rebounded for four consecutive days, rising by 0.87%, 0.63%, and 0.81% respectively. On Friday, the NSE 50 Index further
It rebounded 0.44% and closed at 2260.84 points after the bell.
The negative line that fell sharply on Monday has been successfully reversed and repaired.
The reason for the rebound and rise in the past four days is mainly that the stock price of Matrix Quantum continued to rebound, which drove the NSE 50 Index. The reason for Matrix Quantum's rebound again is that the company's leader Chen Yu took the lead in organizing an industry developer conference, or in other words
It is the MHAC Ecological Developer Conference.
The technology circle has attracted much attention, especially the circle of artificial intelligence.
Many people in the industry participated in the conference. This conference is actually to formulate industry standards and pave the way for building a unified national storage and computing power service market.
People who want to get a share of the pie in this field basically came to Xincheng to participate in this conference, including some well-known foreign hardware manufacturers who also sent people to participate in the conference, which can be regarded as coming to understand the latest situation in the Greater China market.
Matrix Quantum has no special restrictions. Anyone in the industry can come, whether it is a mainland enterprise or a foreign manufacturer.
