Chapter 1358 [New Port Connect is launched, foreign investors buy, buy, buy]
The SGX 50 Index has been strong since the opening. Overseas capital has entered the SGX market through the Newport Connect channel. Among many overseas investment institutions, two of the world's top ten wealth sovereign funds have participated in the New Exchange after the first launch of "Newport Connect" today.
Stock exchange market strategy configuration.
The two major investment institutions are the Norwegian Global Pension Fund (GPFG) and the Sat Public Investment Fund (PIF).
As the world's largest sovereign fund, Norway's GPFG is known for its extensive investments in global stocks, bonds, real estate and commodities. As the driving force of Sate's economic transformation, PIF invests heavily in technology, innovation and infrastructure. The SGX
It can be said that many listed companies currently in the market are highly consistent with this institution of local tyrants.
As the SGX market continues to strengthen, the Shanghai and Shenzhen stock markets next door have also been brought up, and foreign capital has continued to flow in.
Although there are many junk stocks next door, there are still high-quality core assets, and in the second half of the year, foreign capital has continued to flow in to increase its holdings of blue-chip white horse stocks.
At around 11 a.m., data showed that today’s net capital inflow from the north had reached 33.1 billion, setting a new record.
Among them, the net inflow of the new stock connect exceeded 22.6 billion, accounting for nearly 70%.
Judging from the data, foreign investors obviously prefer stocks on the SGX exchange. Although this market has the highest price-to-earnings ratio among the three major A-share trading markets, it has also been criticized by countless investors as a bubble and dangerous.
However, the inflow of foreign capital is obviously not affected by such arguments, and they have their own investment logic.
Although the SGX market has officially opened up access channels for foreign investment, it still imposes some restrictions on the proportion of shares held by foreign investors in companies listed on the SGX market, mainly including three points.
First, the shareholding ratio of a single foreign investor in a single listed company shall not exceed 5% of the total share capital of the listed company;
Second, the total shareholding ratio of all foreign investors in a single listed company shall not exceed 25% of the total share capital of the listed company;
Third, if the total proportion of shares held by foreign investors in a company on the SGX Exchange reaches 21% of the company's total share capital, it is a warning line, when it reaches 23%, it is a buying suspension line, and when it reaches 25%, it is a compulsory reduction line.
These three restrictive measures allow overseas capital to invest in the SGX market only as financial investors and will not threaten the control rights of these companies.
Take the local tycoon's PIF investment fund as an example. Suppose that the institution is very optimistic about a company listed on the SGX. At the same time, the institution is also very rich, so it buys and buys in various ways, but it can only buy 5% at most. When this amount is reached, it will be bought.
If you don’t get in, you won’t be able to pass the SGX trading system platform.
If the local tycoon still wants to buy, he can only buy another stock, and the upper limit is also only 5%.
However, in theory, there is still a way to increase the proportion of holdings exceeding 5%, that is, the entire vest organization can buy 5%. In theory, at least four or N vests can be used to buy the 25% upper limit.
This is not only true in theory, it can also be true in practice. After all, it is difficult for the SGX market to penetrate the underlying structure of overseas capital institutions. However, Fang Hong doesn’t care at all. The SGX market doesn’t care either. Even if he buys
Even the top 25% will not threaten the company's control.
In actual situations, it is basically impossible for a single foreign-funded institution to hold 25%, and it is impossible to use a vest, because it is oriented to global capital, and others will intervene. The SGX market only recognizes whether the foreign-funded institution involved is a vest or not.
Your institution's shareholding ratio does not exceed 5%, and the total shareholding ratio of all foreign-funded institutions does not exceed 25%.
As the A-share market closed, all three major trading markets closed in the red today. A heavy-volume long positive line in the New Securities 50 Index directly reversed the previous five consecutive negative declines, and broke through the recent high, closing up 3.08%.
It reported 3962.82 points, returning to the 3900 point mark. The SGX market also saw a huge volume of 720.2 billion today, an increase of nearly 200 billion in transaction volume compared with the previous trading day.
As for the Shanghai and Shenzhen stock markets, the Shanghai Stock Exchange Index also performed well today, rising 2.05% after the market closed at 2829.27 points, with a turnover of 155.7 billion; the Shenzhen Component Index closed up 1.12%, at 9281.48 points, with a turnover of 192.7 billion. The total turnover of the two cities was
384.8 billion, accounting for just over half of the SGX market.
The SGX market today has more large-volume funds than either Shanghai or Shenzhen stock exchanges. It has to be said that this market is now the actual face of Big A. A large number of junk stocks in the two neighboring markets have already moved towards "penny stocks" in advance.
"The evolution means that there is no limit to it. Some stocks can even suffer a drop of more than three percentage points with just a few hundred thousand dollars of selling pressure."
Today is the first time that the SGX market has opened up access channels for foreign investment. After the market close, this has also become a topic of discussion by many people, and everyone is paying close attention to it.
Data shows that today Beijing's capital has achieved a record-breaking net inflow of 62.7 billion, which has been reported by many financial media, because it has never been so exaggerated before, and the net inflow in a single day exceeds 15 billion.
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However, upon closer inspection, investors suddenly realized that the net inflows from the Shanghai and Shenzhen Stock Exchanges only accounted for 7.5 billion of them. This figure was quite normal.
The remaining 55.2 billion net inflows all went to the SGX market. Investors were surprised, but they also thought it was reasonable. After all, the SGX market has been in a bull market since its opening.
As for the bear market, there have only been two technical bear markets. The first time was the A-share circuit breaker at the beginning of the market. It was dragged down by the two markets next door, causing the NSE 50 index to briefly fall below its current historical low of 788.87.
point, the decline at that time exceeded 20%, and it entered a technical bear market.
The second time was the illegal reduction of holdings by WeChat. At that time, the NSE 50 Index also plummeted by more than 20%. However, these two so-called technical bear markets were shorter each time. The wave of illegal reduction of holdings by WeChat was quickly pulled up.
Created a golden pit that is rare to find.
Since the opening of the market, the NSE 50 Index has fallen by more than 20% twice. Since then, it has never happened again until today. Although there have been many downward adjustments, it generally falls by about 10 percentage points before rising again.
The largest adjustment is also in the 15 percentage point range.
The recent correction from more than 4,000 points to more than 3,640 points has only been a correction of about 10 percentage points. Now it has returned to above 3,900 points. Today's closing has achieved a cumulative rebound of 8.84%.
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After the weekend, Monday, July 23rd.
The A-share market started as scheduled. The NSE 50 index opened slightly lower and then strengthened again after a few minutes. Foreign investors continued to buy and buy, and they were particularly fond of Galaxy concept stocks. You must know that the current positions of these stocks have risen very high.
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But foreign investors have nothing to fear and just keep buying.
In the last hour or so of late afternoon trading, the NSE 50 index once again regained the 4,000-point mark. Since falling below it on May 23, it has reached this round-digit mark again in less than two months.
At the end of the day, the SGX 50 Index closed up 1.66% again, at 4028.69 points. Today's SGX market still maintains a trading volume of 700 billion.
The scale of foreign capital inflows has decreased compared with yesterday, but it still reached a huge amount of 53.9 billion. In two days, the scale of net foreign capital inflows into the SGX market exceeded 100 billion, which attracted the attention of the whole world.
Various financial media have followed up and reported on the news of foreign investors' "crazy buying" of SGX stocks, and its popularity has greatly exceeded people's previous expectations.
