Holders of these five stocks left messages in the comment area lamenting and cursing. As the news spread, their popularity rose instead of falling after the market closed.
In the next few days, the market corrected and consolidated amid shocks, and as expected, these five stocks hit their daily limit the next day, and the next day, Monday, June 17, they opened their daily limit.
Investors who hold the stock have been queuing up overnight to get away from it, and seeing this situation, the stock will fall by the limit.
At about 10 o'clock in the morning, the evil thing happened. The secretary of the board of directors of Yiou Shares responded to an online inquiry from investors, saying that the rumor that the company refused to sign the supplementary agreement on the new delisting regulations of the SGX was untrue.
The company needs to sign!
As soon as this news came out, Yiou Shares, which was in a one-word limit-down state, was quickly pried open by funds.
Some investors who saw the news called out, "Hey guys, it turns out to be a wash, buy quickly, buy quickly!"
Yiou shares, which pried off the daily limit, surged quickly, turning red and rising in just five minutes, and are still on the rise. They are likely to hit the daily limit and go out of the sky. Several other stocks fell to the limit.
They were also brought up, and they all raised their heads and followed suit.
Generally speaking, the level of retail investors who can invest in individual stocks on the SGX is pretty good. Because of the threshold restrictions, investors who can reach the threshold are somewhat capable and can make money from the market.
But then again, the SGX 50 index has been rising for more than three years. Many small investors could not reach the threshold before, but they have reached the threshold of the SGX market by relying on the SGX 50 ETF, and those who have opened it can trade.
Permissions for individual stocks.
Retail investors who have accessed the entire SGX market in the past year are generally quite good. It is the SGX market environment that allows them to make money.
Many of the funds that dare to come to Yiou shares to play games at this moment are retail investors who have recently opened their rights.
At around 10:40, Yiou shares hit the daily limit and went out of the market.
With such a commotion, the SGX has also noticed this company, and it can basically be concluded that it is making a fool of itself. However, if the company decides to re-sign, there is really no reason for it.
No matter what, as long as the new regulations come into effect on July 1, companies already listed on the SGX market will be forced to delist according to the new regulations if they do not sign.
The SGX market management originally planned to ignore it, but another incident occurred in the afternoon, which made the SGX management unbearable.
At about 14:37 in the late afternoon, two stocks suddenly crashed and plunged to their limit.
It turned out that a small article appeared during the trading session and was circulated in stock forums and many stock exchange groups. This small article claimed that an insider broke the news that those two stocks had not signed a supplementary agreement on new regulations.
The holders were so frightened by this little article that they fled in panic, triggering a capital stampede and causing two stocks to crash to the limit.
The SGX took a look and found that these two stocks were not among the 15 listed companies that were rejected, but were both mid-cap stocks. Before the limit fell, one had a market value of 17 billion and the other had a market value of 22.8 billion.
If Yiou shares in the morning were the issuer acting as a monster, then the two mid-cap stocks that crashed and fell to the limit due to a small essay in the afternoon were investors speculating, deliberately creating panic at this juncture and then buying the bottom.
This incident made the SGX management unbearable, and they originally planned to wait until July 1 for the new regulations to be officially implemented.
But a lack of response will certainly encourage some speculators to follow suit.
In order to prevent this from happening again, the SGX issued an announcement in advance that evening, officially announcing that the new delisting rules would take effect on July 1, 2019.
It will only be two weeks later after all calculations have been made.
Various outside investors were quite surprised when they saw this news, because it is generally predicted that the new regulations may be implemented in August or September.
But this is not the point. The point is that the SGX also announced the signing of supplementary agreements to the new regulations by more than 1,600 listed companies. It directly announced 1,661 listed companies that had signed the supplementary agreements, and the 15 listed companies that had not signed.
It is on the list, and all 9 ST stocks are on the list.
Now some people are happy and some are worried. In the late trading, the two stock holders who hit the limit due to a small essay were not scared out and even bought the bottom. They were very excited because the company's name appeared on the list of people who signed the supplementary agreement, which shows that
There is nothing wrong with the company, and I will definitely return it to repair it tomorrow. Today, I was killed by mistake.
The person who was cutting the flesh felt his thighs swollen and was cursing angrily.
Yiou Shares, which is out of the blue market, people who bought this stock this morning immediately turned to petrification when they saw the announcement, while those who sold their chips today and cashed out instantly felt like they were surviving a disaster, and there was no way to queue up to buy the stock.
Those who took the photo said they were lucky to have saved their lives.
Holders of 14 other stocks were also devastated when they saw the announcement, especially for the other 10 stocks. Only when they saw the SGX announcement did they realize that the company had not signed a supplementary agreement.
As soon as the announcement came out, the holders of these 15 stocks were frightened and placed sell orders in advance overnight to wait in line to bid and run away tomorrow.
Refusing to sign the supplementary agreement is equivalent to blowing up a truck. Even if the company itself has no problems, investors are unlikely to buy it.
Because there is a problem that cannot be avoided. Why don’t you dare to sign if you don’t have any worries?
After the news was announced, investors have begun to vote with their feet. Those who hold these 15 stocks placed orders overnight and sold at the lower limit price. That is the choice of investors. When the market opens tomorrow, the 15 stocks that have not signed the supplementary agreement for the new regulations will
There is no suspense about the one-word limit drop.
However, this news is undoubtedly a major benefit for the entire SGX market, and it is a real benefit in both the short and long term.
In addition, 1,661 listed companies have signed supplementary agreements with the new regulations. The further improvement of the market mechanism has made directors, senior managers and supervisors of listed companies even more afraid to act recklessly. Because the cost is too high and the shock is great, companies cannot say that they will retreat, and they dare not
Randomly hollowing out enterprises or playing tricks to vacate cages and exchange birds for secretly transferring profits behind the scenes.
…
The next day, Wednesday June 9th.
Boosted by this news, the NSE 50 Index opened 0.80% higher at an opening price of 5150.15 points in early trading, with the opening price directly standing on the 5-day moving average.
The 15 listed companies that did not sign the supplementary agreement for the new regulations undoubtedly collectively lowered the limit and opened it, with no one picking up the stocks. The funds inside were trampled, and they all wanted to cut off their flesh, even if the price dropped to the limit.
, everyone wanted to escape, but the result was that they couldn't escape. The closing orders on the lower limit were so big that it was scary.
Yesterday, people bought into the market because they regretted it and slapped their thighs wildly. Even if they bought the floor price yesterday, they are numb now. Today, they have not lost their principal even if they hit the daily limit, but they all know that what is behind this ticket is going to happen.
If the number drops by the limit in a row, if the limit drops again tomorrow, you will start losing money.
Given the current situation, it would be good to be able to cut it in half.
In sharp contrast, the SGX market has entered a general upward trend today. The stocks that have turned green and fallen on the market are these 15 stocks that have hit their daily limit. The other 1,661 stocks are all rising to varying degrees at this moment.
The NSE 50 Index opened higher and moved higher, with both volume and price rising. The intraday time-sharing line maintained a unilateral upward trend throughout the day. Less than half an hour after the opening, the NSE 50 Index successfully reached the 5200-point mark.
And it still maintains a strong bull trend and fluctuates upward.
Today's volume is obviously rising sharply, more OTC funds are entering the market, and there is no doubt that the new regulations will be implemented, which has greatly boosted investors' confidence in this market.
