Chapter 1416 [Rumors about new regulations cause a stir in the outside world]
The following Friday.
Affected by last night's sharp decline in U.S. stocks, the A-share market opened lower today across the board. However, the impact of the external market will only affect the opening of the A-share market at most, and some smart funds will use it to carry out reverse arbitrage operations.
The Shanghai Stock Exchange Index fell below 2449 points in early trading, reaching as low as 2440 points, a new low since November 2014. The New Stock Exchange 50 Index fell to a low of -0.54%, and also fell below the 4200 point mark, with a low of 4194.73 points.
However, it did not fall below 4188.84 points on October 19 last year.
It dipped for a minute or two at the opening, and then the three major stock indexes began to rise and fluctuate higher. The NSE 50 index took the lead in red trading, and then fluctuated near the zero axis.
At around 10:30, the bulls in the Shanghai and Shenzhen Stock Exchanges overtook the Singaporean Stock Exchange and began to rise sharply. The market price showed that the "Three Financial Idiots" were rising strongly, especially the brokerage sector, which was running wildly, leading the index.
Going strong all the way.
There are no financial stocks in the SGX market, and it is still fluctuating at the 0.35% level at the moment. When the two markets next door are violently rising, the SGX 50 index is still retreating.
However, today's violent rise in the brokerage sector is not caused by Qunxing Capital increasing its positions in brokerage stocks. Qunxing went on a buying spree last year and increased the brokerage sector index by 50 points. By now, it has almost completed its increase in holdings.
, even if there is an increase in holdings later, it will not be too much.
Today's sharp rise was due to a piece of major news. The top leaders went to inspect the inclusive finance divisions of the three major banks. The leaders made it clear that they would further reduce taxes and then cut the required reserve ratio in a targeted manner. After the news came out, the big financial sector took off immediately today.
The performance of the NSE 50 Index in early trading was mediocre, with the limelight being robbed by the two neighboring cities. Industry sectors in the two cities strengthened across the board, and the brokerage sector set off a wave of daily limit increases.
The Shanghai and Shenzhen stock markets made a big reversal today. They opened very low due to the impact of yesterday's sharp decline in the Nasdaq and the Dow. However, after the opening, they opened lower and moved higher, especially after 10:10 on the Shanghai Stock Exchange in the brokerage sector.
After the explosion, it struggled to rise all the way.
Judging from the increase, the performance of the two cities today was pretty good, and the trading volume was also significantly increased. Only 150 stocks fell, and the entry of large funds from the outside was relatively obvious. The main sectors that pulled up were the largest.
In the brokerage sector, when the entire sector was at its highest, it was close to the daily limit, and individual stocks set off a wave of daily limit increases, especially for small and medium-sized brokerage stocks.
The strength of the two markets next door was a bit unexpected by investors. Many people actually thought that after the Shanghai Stock Index fell below 2440, funds would rush to rebound, but they did not expect that the intraday trend would be so strong all the way.
On the contrary, it was the SGX market that held back today, and the maximum intraday increase after turning red did not even exceed 0.5 percentage points.
However, the brokerage sector began to weaken at the opening of the afternoon, and the index also fell.
…
There are "three major people" in the capital market who are very powerful. They are sources, insiders, and authorities. From time to time, the three major people will call the market to break news.
At around 14:11 in the afternoon, sources broke the news that the SGX may introduce new delisting regulations.
According to sources who broke the news, the delisting mechanism under the new regulations includes forced delisting and voluntary delisting. Once the delisting decision takes effect, the delisted company will be evaluated by a professional team to estimate a fair market price and delist.
Companies must buy back shares from public investors at a fair price or face severe penalties.
Once the news broke, the market did not react for about five minutes, and everyone was shocked.
It wasn't until around 14:15 that I finally came out of my daze, and the capital market immediately seemed to explode, followed by a general upward trend of stocks on the SGX exchange that collectively rose sharply.
OTC funds poured in crazily, and the time-sharing chart of the NSE 50 Index continued to rise without any retracement, showing a long-short squeeze situation.
This anecdotal news has been widely discussed in major stock exchange groups, stock forums, etc.
[Wow, is this news really false?]
[It has already gone viral in the circle. Judging from the follow-up of past rumors, most of them are true.]
[Niubi 666, absolutely support!]
[What does it mean?]
[Even if a company listed on the SGX delists, it must be held accountable and shareholders compensated.]
[During the two previous bull markets, many people said that 5,000 points was not a dream, and 10,000 points was just the beginning, and the result would always be 3,000 points. But now, it can be said that 5,000 points is not a dream, and 10,000 points is just the beginning.]
[To put it clearly, SGX 50 Index 5,000 points is not a dream, 10,000 points has just started, excluding the two neighboring cities... (dog head.jpg)]
[I have been saying for a long time that the SGX market should further improve the issue of delisting. However, for Big A, the birth of SGX is historic. I thought it would take a few more years.
I didn't expect the news to come out so soon, although it was just a rumor...]
[I have been starting a business in small and medium-sized enterprises for three years. When will I be successful? I am extremely disappointed with this hot chicken market.]
[There are actually people playing next door? I’m so stubborn...]
[In the past three years, every time I buy a new certificate 50ETF, I will get my capital back, and maybe I can still make money.]
[Small and medium-sized startups next door? Things that even dogs don’t play with. Staying away from hot chickens is the best choice. Not to mention that there is no delisting compensation mechanism, but the company has long been hollowed out. Even if there is delisting compensation, there will be nothing to lose.
]
[If you don’t come back, the NSE 50 Index will break 5,000 points. I’ll be waiting for you at 5,000 points... (manual funny)]
[SGX is the future, no doubt.]
…
As rumors of a "new SGX market delisting rule" went viral, the SGX 50 Index unilaterally rose strongly in the afternoon, showing a short squeeze on the market and a sharp increase in trading volume.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! OTC funds are obviously coming into the market, and the net inflow of foreign capital has also surged, easily exceeding the 30 billion mark.
The NSE 50 Index also regained the 4,200-point mark in one fell swoop in the afternoon and strongly recovered the 4,300-point mark. This rumor has undoubtedly greatly boosted the confidence of market investors.
From a technical point of view, today the NSE 50 index dropped to near the previous low on October 19 last year. This position itself is also supportive, and now it has taken off directly with the help of news-driven.
The SGX 50 Index, which originally underperformed the Shanghai and Shenzhen Stock Exchanges by a large margin, also overtook the market in the afternoon. Moreover, due to a shocking news in the SGX Market, funds flowed into this market significantly, and some of them should have flowed to the two neighboring cities.
Funds also entered the SGX market, and some funds even left the market from next door and ran to the SGX market.
However, then big stocks such as Universe First Line and Zhong Petroleum successively stabilized the Shanghai Composite Index. The index also rose again in the late trading, but it could no longer catch up with the New Securities 50 Index.
As of the close of trading, the three major A-share trading markets all closed in the red, with all of them showing positive signs.
The SGX 50 Index rose 3.08% to 4347.20 points. The SGX market's trading volume surged to 833.8 billion throughout the day, while yesterday's trading volume was only 575.4 billion; the Shanghai Stock Exchange Index closed up 2.05% after the market closed at 2514.87 points, with a turnover of 139.3 billion;
The Shenzhen Component Index rose 2.76% to 7284.84 points, with a turnover of 183 billion.
The three major markets once again entered a state of trillion-dollar trading volume, with a total transaction volume of 1,156.1 billion.
