At this moment, the two major indexes seem to be competing with each other, one is catching up fiercely, and the other is trying to widen the gap.
But one was chasing easily, while the other was struggling to lead.
On the market, Xingyu Technology, which is currently the absolute top player in the SGX market, helped the SGX 50 index rise, while on the Shanghai Stock Exchange, banks, non-ferrous metals, precious metals and real estate sectors all pulled together to barely offset the rise.
To avoid being overtaken, the banking sector contributes the most and is also the absolute weighting sector of the Shanghai Stock Exchange Index.
After 10:30, Xingyu Technology showed signs of falling, falling below the 10 trillion market capitalization integer. The NSE 50 Index also fell back, and the gap with the Shanghai Stock Index widened. The neighbors seemed to be relieved, so they also fell back.
An hour later, at 11:30, the Shanghai and Shenzhen stock markets closed for lunch, and the Shanghai Stock Index was locked at 3523 points.
However, there is no intermission in the SGX market. After the opening, trading lasts all day until the close at 15:00 in the afternoon. During the noon break of the Shanghai and Shenzhen stock markets, the SGX 50 Index once again exerted its strength.
Xingyu Technology stopped falling and started to rise again. The market value returned to the 10 trillion mark, but it just maintained it and did not attack upward. If it continues to rise, it will hit the daily limit.
But there is more than just Xingyu Technology in the SGX market. At 11:49, Matrix Quantum, which ranks second in market capitalization, began to exert force.
At 12:17, all major market software push news:
[Matrix Quantum moved up, with the increase expanding to 4.37%, with a market value of 6.42 trillion, a record high, and the current transaction volume exceeds 39 billion]
Investors had just finished reading this news, and a few seconds later another news notification popped up in a small window:
[The SGX market is in the red for the ages, with more than 300 stocks hitting the daily limit. The market is showing a general upward trend. The SGX 50 index has risen strongly again, with the increase expanding to 3.3%, hitting a record high of 3525 points]
At this moment, the forums and communication groups of major stock exchanges were buzzing with excitement.
[Witness the moment of history!]
[Today’s market is destined to be recorded in the history of Big A. On this day, Xingyu Technology exceeded 10 trillion in market capitalization. On this day, the NSE 50 Index surpassed the Shanghai Stock Exchange Index in absolute numbers. Oh, by the way, according to the current exchange rate, Matrix Quantum
The market capitalization also bought into the trillion-dollar market capitalization club!]
[I am not well educated, so I can only call you Niu Bi Pu La Si——!]
[I feel strongly that times have really changed.]
[Indeed, I also have this strong feeling. The moment the New Stock Exchange 50 Index broke through 3525 points and surpassed the Shanghai Stock Exchange Index, it gave me a strong sense of déjà vu at the transition of the times. Perhaps many years later, when I look back on this period of history, I will remember the new era.
The event that the Shanghai Stock Exchange 50 Index surpassed the Shanghai Composite Index in absolute terms is considered a watershed and landmark event in the A-share market.]
[The Shanghai Stock Exchange jumped and yelled: You don’t follow stock ethics, you actually launched a surprise attack while I was resting!]
[The two cities next door are history, but SGX is the future!]
[If you ask me, the New Stock Exchange 50 Index truly reflects the actual level of our country’s economic development. The Shanghai Stock Exchange Index has been jumping around more than 3,000 points for ten years. This is ridiculous. Although the New Stock Exchange 50 Index has risen ferociously,
I think it is recovering the interest and lost dividends from the past ten years, which is good and should be done.]
[That’s right, I agree!]
…
The entire market's attention has been attracted to the SGX, and everyone is discussing various topics related to it.
During noon, some things about the stock market were once again on the hot search list. Many people were searching for keywords such as "Singapore 50 Index" and "Xingyu Technology with a market value of 10 trillion", and major media were also competing to report on it.
In addition, Matrix Quantum is also in great glory today, because this stock broke through a new all-time high today, standing above 6.4 trillion, and also exceeded the 1 trillion mark when converted into U.S. dollars according to the latest exchange rate.
Another big factor in being able to enter the trillion-dollar market capitalization club today is the continued strengthening of the RMB exchange rate over the past year. It has appreciated from 6.9 a year ago to 6.4 now. There are many reasons for this.
, I can’t explain clearly in just a few words.
But the fact is that the RMB is now a hot commodity.
Currently, there are only two listed companies in the world that have entered the trillion-dollar market capitalization club. They are Xingyu Technology and Matrix Quantum. They are both from the Eastern countries. They are currently ranked first and second in the world in terms of market capitalization. Apple is next in the ranking.
Arrived at the third child's position.
As it stands now, not only is it difficult for Apple to catch up with Xingyu Technology, but even Matrix Quantum continues to widen the gap with it.
This is also a topic that people talk about. A few years ago, no one would have dared to imagine that the company with the largest and second largest market capitalization in the world would be from Greater China, and it was not a flash in the pan when Zhong Petroleum became the world's largest company ten years ago.
They are firmly on the top of the list and also take the second place, and they are all high-tech companies, not oil and financial stocks.
To a large extent, it also reflects from the side that the great Eastern countries are advancing by leaps and bounds in the field of science and technology that exceeds the world's expectations. Even if America desperately wants to hold on, she can't hold on, but is getting stronger and stronger.
Not to mention the industrial capacity. As early as 2010, the industrial scale became the first in the world. It was also from that year that America realized what was wrong and the seriousness of the problem, and began to clamor to return to Asia.
Titanium region.
Today, the industrial capabilities of the world dominate the world. This is not an exaggeration at all. The size of a large Eastern country accounts for nearly 40% of the world. This is something that has never happened before in human history.
The entire industrial capability of Magnesium West has been beaten down by the big Eastern countries, and now it is breaking through one after another in the high-tech field. Magnesium West's industrial crown jewels are being picked one after another.
…
However, in the A-share market, at 13:00 in the afternoon, the Shanghai and Shenzhen stock markets opened again. The Shanghai Stock Exchange tried to overtake the NSE 50 Index again. However, at the same time, the NSE 50 Index continued to break through the record high. The Shanghai Stock Exchange Index next door was chasing it very much.
It was hard, and it fell back twice during the session, but it seemed unwilling to give up, and went up again in the late session.
When the Shanghai and New stock indexes are chasing each other, the Shenzhen Component Index, which was quite bullish yesterday, seems to choose to lie flat and swing, jumping up and down the zero axis repeatedly, falling -0.25% for a while and then rebounding to 025% and then turning over again.
Green then red...
The current market situation is that heavyweight stocks are overall strong, while theme stocks are lonely. Only fluorine chemicals, minor metals, pork and other themes have performed relatively well.
Only the world of small and medium-sized enterprises in the Shenzhen Stock Exchange that have been beaten has reached a consensus. Yesterday's rebound has returned, which is really terrible.
The SGX market and the Shanghai Stock Exchange large-cap heavyweight stocks are in PK, and the two major indexes are in PK. More than 80% of the liquidity has been siphoned away by large-cap heavyweight stocks. This is the main reason for the tragic market situation of small and medium-sized enterprises. Of course, the most fundamental reason is that retail investors
To abandon it is to damage the foundation.
Finally, as the time came to 15 o'clock, the PK between the NSE 50 Index and the Shanghai Stock Exchange Index also came to an end as the market closed. The result was that the NSE 50 Index was superior.
As of the close, the three major A-share trading markets all ended in the red. The NSE 50 Index absolutely led the three major stock indexes with a high-volume long positive line that rose 4.03%. The closing price almost closed near the highest price of the day, and was locked at
3550.67 points.
The Shanghai Composite Index closed up 1.29% after the market closed at 3546.50, surpassing the highest point in January 2016 and setting a new high since the Great Circuit Breaker.
The Shenzhen Component Index closed up 0.37%, at 11555.25 points. The performance of the Shenzhen stock market today can be said to be poor, but at least it ended in the red.
There is no doubt that the dazzling light of the SGX market has completely overshadowed the two cities next door. All data indicators are showing a crushing trend, and many new historical records have been created today.
