Chapter 1318 [Living in the fear of rising prices every day]
After a good start on the first trading day of the new year, Big A's market outlook continued to be booming. The NSE 50 index shrunk by 1.51% on Wednesday the next day, and rose again by 1.04% on Thursday to close at 3101.15 points. In the past five days,
The trading day went out of five consecutive positive days.
Investors did not expect that after the NSE 50 Index broke through 3,000 points, it only took two trading days to reach a higher level and reach the 3,100-point mark.
It closed up 0.49% again on Friday, ending its sixth consecutive positive streak.
Such a hot market atmosphere in the SGX market has also driven the two cities next door. The main board indexes of the two cities have followed the rising market. However, there is no doubt that the SGX market is stronger, and the growth rate is also leading the two cities next door with an absolute advantage.
.
On the weekend, the market once again received a piece of heavy news.
Just around 10 a.m. on the weekend, SGX released a draft for comments on "New Port Connect", which directly confirmed the previous rumors!
Sure enough, the news did not appear out of thin air.
Although it is a solicitation for opinions, your opinions are not actually important, let alone have any impact. Everyone knows this. The purpose of issuing such a press release is to follow a process and comply with procedural standards.
In other words, the opening of foreign investment access to the SGX market is a certainty, it just depends on when it will be officially implemented.
This weekend, the biggest news in the capital market is that funds from the north can also participate in investing in the SGX market in the future. News related to this is also flying all over the sky, with various rumors and analysis and interpretations.
One of the theories that is quite popular nowadays is that the SGX market is opening up foreign investment at this time in order to allow them to take over the market.
After all, SGX's P/E ratio is not low.
Fang Hong didn't pay attention to those analyzes and interpretations that said foreign capital should come in to take over the business. International investment institutions know this kind of thing better and are more professional than the big V teachers on the Internet.
After the weekend weekend, the market opened as scheduled in the second week of the new year.
Big A continues to maintain a bullish market. The rise of the New Securities 50 Index has slowed down a lot compared to the previous week, and its volume and energy have continued to shrink. However, it still has five consecutive positive days this week, closing up 1.38% from Monday to Friday.
, 0.46%, 0.78%, 0.36% and 0.31%, closing at 3220.24 points.
The NSE 50 Index has reached a new level this week, reaching the 3200-point mark. Recently, it has had 11 consecutive positive lines, setting a record for the number of consecutive positive lines.
The Main Board Index of the Shanghai Stock Exchange next door also reached the 3,400-point mark this week, also experiencing 11 consecutive positive gains, but the NSE 50 Index was obviously stronger, with the two major indexes shortened to more than 200 points in absolute terms.
…
When the market opened in the third week of the new year, on Monday, January 15, the three major stock indexes in the A-share market finally ushered in a collective adjustment, ending the previous 11 consecutive positive trends.
The NSE 50 Index closed down -1.23% to 3180.54 points, with trading volume also increasing to 673.2 billion, an increase of 170 billion from last Friday.
However, it is worth noting that the two neighboring cities reappeared in a tragic differentiation pattern today. Although the Shanghai Stock Exchange Index fell slightly by -0.54%, the Shanghai Composite 50 Index, which represents large-cap stocks, closed up 1 percentage point, setting a new high again with a wave of 12 consecutive gains.
The ChiNext Index, representing small-cap stocks, plummeted by more than 3 percentage points, hitting a new low in five months. The number of stocks falling in Shanghai and Shenzhen stock exchanges reached more than 2,800.
Today's Shanghai and Shenzhen stock markets basically show a one-sided 19-open pattern, that is, 90% of stocks plummeted, some stocks even plummeted, and only a few index stocks or theme stocks performed relatively strongly.
Although the SGX 50 Index fell more than the Shanghai Index today, in fact, less than 20% of the stocks on the SGX market fell, and about 80% of the stocks were in the red, but they did not rise much.
As for the index falling by more than 1 point, it is mainly caused by the correction of super big players such as Xingyu Technology and Matrix Quantum, which have a huge impact on the NSE 50 Index.
Today, the market came out of the correction. In addition to the sharp rise in the previous two weeks and the accumulation of a lot of profits, there were also a lot of negative effects. First, M2 increased by 8.2% year-on-year, hitting a record low.
In other words, liquidity is tight.
In addition, entering the new year of 2018, various departments of the Bank of China and the Three Commissions have begun to issue new regulations for these industries based on deleveraging and defoaming. Regulations have been introduced to control financial chaos, banking chaos, and the ratio of stock pledges for shareholders of listed companies.
.
In short, they are all compressing the capital ratio, which is a relatively large pressure on the market.
However, these negative effects are harmless and will not have much impact on the SGX market. Fang Hong’s established plan will not change because of this. The target price of this round of exponential market must reach 3,600 points.
There may be liquidity constraints in other places, but the SGX market is not one of them. It is precisely because liquidity is being siphoned off by the SGX market that it causes tightness in other places.
In addition, the SGX market is a pilot project of the registration system of "one share, two systems". In fact, the village has no control over the SGX. The bubble is being deflated in other places, but the bubble is still being blown here.
However, the SGX market is only blowing up bubbles and not increasing leverage. Asset prices are relatively overvalued, but capital leverage is well controlled. This is also an important factor in the money shortage in other places.
Without leverage, where will the money come from? And where will the liquidity come from to support the current exponential market conditions of the SGX market?
The answer is also very simple. On the one hand, the second phase of the "savings and moving" wealth fund is about to enter the market. On the other hand, the majority of retail investors have entered the SGX market through the main channel of the SGX 50 ETF, so the SGX market does not lack liquidity.
.
This chapter is not finished yet, please click on the next page to continue reading the exciting content!...
The next day, Tuesday, January 16th.
The A-share market, SGX, was the first to open. After the SGX 50 index pulled back and found a negative line, it turned back strongly again today and returned to the 3200-point mark. It not only turned back but also hit a new record high.
The SGX market has strengthened again, and the Shanghai and Shenzhen stock markets have also been brought up. It is still the elephant dancing market. The slogan of "big for beauty, core assets" is shouted loudly in the market. The current market is indeed centered around
Large-cap stocks, blue-chip stocks, and white horse stocks are trending in the long direction.
Next door, small and medium-sized startups continue to be beaten. The liquidity of the ChiNext Index is on the verge of drying up. The turnover of the entire index is only a measly more than 30 billion. The stocks of Xingyu Technology and Matrix Quantum in the SGX market alone
You can pick it up and beat it.
As of the close, the SGX 50 Index rose 2.00% to 3244.14 points, and the SGX market's full-day turnover was 583.2 billion.
On Wednesday, January 17, the NSE 50 Index closed up again by 0.71%. After recovering from the three consecutive positives on Thursday, it rose by 2.21% to close at 3339.43 points, standing above the 3300 point mark, continuing to hit a new record high.
"Woc! It's rising so ferociously that I'm panicking. Don't rise so fast and so fast. The slower it rises, the longer it will last..." A retail investor stared at the screen and saw the NSE 50 index standing on the
Above the 3300 point mark, I couldn't help but mutter for a while.
He was excited and a little panicked.
He was excited because he bought the NSE 50 Index ETF, which rose sharply and his income was even higher. In just two weeks, he had gained 12 points of income.
The panic is that this unilateral upward trend always feels like it will collapse later, without even a decent adjustment, and it always feels like the market is going unhealthy.
The market trend of the New Securities 50 Index at the beginning of the new year is an upward climb with small steps in two days and big steps in one week. It is hitting record highs every day. The bullish market is so strong that it is eye-popping.
The first month of the new year has only just reached its halfway mark, and the NSE 50 Index has already achieved a cumulative increase of 14.8% for the year. During the same period, it was the one with the highest return among major stock markets in the world.
I really live up to that joke, living in fear of rising prices every day.
