Chapter 1426 [5000 points! The whole market is completely boiling]
Currently, we are still competing with the Beijing Magnesium Capital Market for global capital liquidity, so there is no reason to suppress foreign investment.
Almost everything has two sides, and the short-term international hot money is not without its positive effects. The influx of short-term hot money will also make long-term patient capital anxious, because the overall share of the SGX market for foreign capital is only that much.
When Patient Capital saw that its share was getting smaller and smaller, it must have been anxious. Perhaps SGX may further expand its overall share of foreign capital in the future, but the question is how many years will it take?
What if SGX maintains this share? What if it is five years or even longer? How high is the SGX 50 index now? How high will it be in five years?
There is too much uncertainty in this, and capital hates uncertainty very much.
It can be seen that short-term international hot money can also drive long-term patient capital to seize pits to a certain extent, which can better impact the liquidity of the magnesium stock market. Short-term hot money also has its value and can be used.
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No matter what, the current price-to-earnings ratio of the SGX market is high and foreign capital is pouring in. There is no such thing as bargain hunting to pick up cheap chips.
…
The next day, Tuesday, February 19th.
The NSE 50 Index closed a doji K-line today, reaching a record high of 4977.50 points during the session. It rose slightly by 0.04% after the market closed at 4947.37 points. It basically maintained a red closing, but today's
The trading volume further set a new record, with the SGX market volume reaching 1,194.2 billion throughout the day.
Not only did it maintain a single market turnover of RMB 1 trillion for two consecutive days, it also set a new single-day transaction record.
On Wednesday, the NSE 50 Index still closed a cross-star red K line, and the amplitude narrowed, not reaching a new high. It closed up 0.22% on the day, at 4958.08 points, and the turnover shrank, but still maintained a trillion
The market turnover was 1,060.6 billion throughout the day.
On Thursday, February 21, the NSE 50 Index rose again and hit a new all-time high. At around 13:45 in the afternoon, the increase expanded to 0.68%, reaching a maximum of 4991.88 points.
Just when everyone thought that today was going to witness history and that the NSE 50 Index was going to break through the 5,000-point mark, it ended up rising and falling at this point.
The New Securities 50 Index failed to hit 5,000 points, and when it fell back, it also brought down the two neighboring markets.
Not long ago, the SGX published a meeting minutes on its official website, which talked about effectively maintaining the financial market, effectively preventing and defusing financial market risks, and mentioned the issue of leveraged funds entering the market.
When various funds in the market saw this situation, some funds chose to withdraw to avoid risks, and originally accumulated a lot of profits.
At this time, the management of SGX raised the issue of leveraged funds and over-the-counter capital allocation. Some funds felt that the market may correct in the short term due to the management's dismantling of leverage, so they chose to avoid risks.
The New Securities 50 Index not only surged higher but fell back, it also turned green and dropped to near the 5-day moving average price line in late trading.
As of the close, the three major stock indexes all rose and fell back out of the upper shadow line. The NSE 50 Index closed down -0.34%, at 4943.03 points; the Shanghai Stock Exchange Index closed down -0.34%, at 2751.80 points; the Shenzhen Component Index closed down -0.26%,
It reported 8451.71 points.
The total turnover of the three major trading markets was 1,718.5 billion, of which 1,099.8 billion was in the SGX market. Compared with yesterday, the volume was higher. This is the fourth consecutive trading day in which the SGX market has maintained a single market turnover of 1 trillion, and also created multiple consecutive transactions.
A new record of one trillion transactions per day in a single market.
Last year, when the NSE 50 index exceeded 4,500 points, the transaction volume also exceeded one trillion, but it did not continuously exceed one trillion.
…
In the evening, there was good news for the large financial sector. The Securities Association issued an opinion on measures to reduce taxes and fees in the capital market, which attracted much attention from the market to the securities sector, which was interpreted as a policy ignition.
The next day, Friday, February 22nd.
When the market opened in the morning, the brokerage sector did not open significantly higher due to last night's news. It only opened 0.85% higher. It opened higher by 2.26% and then fell back. It even turned green at around 10 o'clock.
This is because the brokerage firms adjusted too much yesterday, from an increase of more than 4 points to once back to near the zero axis. Today, funds have adopted a more conservative strategy.
In terms of overall market sentiment, the three major stock indexes opened flat and fluctuated in early trading and were relatively calm before 10:30. The NSE 50 index also fluctuated in a narrow range from the zero axis to the underwater -0.25% range.
After 10:30, when the NSE 50 index was still oscillating near the zero axis, the Shanghai Stock Exchange Index, which was also oscillating underwater next door, began to fluctuate upward, showing a unilateral moderate upward trend.
Because the brokerage sector began to gradually strengthen, the increase expanded to 4 percentage points around 11 o'clock, and the insurance sector also rose at the same time.
The large financial sector drove the Shanghai Composite Index to a steady upward trend, turning red in early trading.
Judging from the trend in early trading, the NSE 50 Index was weaker than the two neighboring markets today.
When the market opened in the afternoon, the three major stock indexes steadily rose. By 14:00 in the afternoon, the entire market exploded, especially the large financial sector, and the brokerage sector even went up in a short-squeeze manner.
At around 14:32 in late trading, the entire securities sector index hit its daily limit, setting off the 28th daily limit wave in the history of the sector. The large financial concept sector exceeded the daily limit of 50 stocks. After the entire securities sector hit its daily limit, it not only drove insurance stocks, but
Not to be outdone, bank stocks followed the trend and helped their gains.
The NSE 50 index rose even more fiercely after 14:00 in late trading. The intraday increase directly exceeded that of the Shanghai Stock Exchange Index, and also reversed yesterday's upper shadow line.
Just now, a super heavy news has been released in the market, but because it takes time for the news to spread, most investors don't know it yet.
This chapter is not over yet, please click on the next page to continue reading! But well-informed people already know that just this afternoon, the 13th collective study session was held on improving financial services and preventing financial risks.
Senior leaders gave a speech when presiding over group learning, clearly stating that finance is an important core competitiveness of the country and financial security is an important component of national security.
It was further emphasized that finance should serve the real economy and meet the needs of economic and social development and the needs of the people. If finance is alive, the economy is alive; if finance is stable, the economy is stable. When the economy is prosperous, finance is prosperous; when the economy is strong, finance is strong. The economy is the body, and finance is
Bloodline, the two coexist and prosper together.
The content of the collective study speech came out, and as the news spread, various institutions and big funds were the first to learn about it, and they immediately started to pull in the big financial sector.
This speech is too important. Finance is our bloodline. It has never been emphasized so much before.
What is particularly worth mentioning is that the SGX registration system pilot project was named and praised by the superiors during the collective study period, and the development of SGX was fully affirmed and highly praised.
Good guy!
All funds in the capital market went crazy!
The NSE 50 index surged all the way after 14 o'clock. Some funds ignored the trend and used leverage and capital allocation to rise all the way.
Around 14:36, major market software pushed messages:
[The NSE 50 Index continued to rise in late trading, expanding its gain by 1.59% to 5,022 points, reaching the 5,000-point mark for the first time, continuing to hit a record high]
Investors from all walks of life in Big A witnessed history at this moment. Hundreds of millions of investors saw with their own eyes that the NSE 50 Index reached the historic 5,000-point mark. The entire market was completely boiling. A few days ago, they were still saying that 5,000 points was not a dream.
Just started with 10,000 points.
Now the dream has really come into reality, and the NSE 50 Index has really reached the 5,000-point mark.
Moreover, it was still fluctuating upwards at the end of the trading day. Funds without hesitation were confirmed today. Under the stimulus of emphasizing that "finance is the bloodline", OTC funds rushed into the market at an accelerated pace. No matter what the SGX market said yesterday about the issue of leverage funds
, now we have to go up the leverage, but we are already short, can we do it without going up the leverage?
In short, the bulls in the current market have gone crazy. The three major trading markets have rarely formed a unified force, causing the three major stock indexes to show a unilateral rise in a short squeeze situation today.
