The New Securities 50 Index opened lower and moved lower again, with heavy volume driving the decline. It finally fell by -2.12% to 10156.40 points, and the trading volume reached 2.07 trillion.
Now the SGX market has also started a battle to defend 10,000 points.
Wednesday, March 10th.
In the morning, Tian Jiayi was about to go to work at the headquarters of Qunxing Group. Before leaving, he asked Fang Hong: "With the market falling like this, Matrix Quantum and Xingyu Technology should be suspended, right?"
This had been planned before, and if necessary, the two companies would be suspended from trading and formally start splitting and reorganizing.
If these two super giants fall a few points, the market index will not be able to bear it. Because their weight is too large, they account for less than half of the total market capitalization of the SGX.
The recent decline of the NSE 50 Index was led by super heavy weights. The two major stocks, Matrix Quantum and Xingyu Technology, fell by -21.28% and -17.55% respectively during this period of decline.
These two listed companies have lost 8 trillion yuan, which is quite scary.
Fang Hong shook his head when he heard this: "The suspension is not to be stopped at this juncture. This suspension is too obvious, and the market will interpret it in the opposite direction, and it will form an expectation of making up for the decline after the reorganization and resumption of trading. Once such expectations are formed, the market will react in advance.
And if it falls during this period, the suspension I am talking about is the suspension after it stabilizes."
After thinking for a while, Fang Hong added: "Let the stabilization fund take action."
Tian Jiayi nodded and took his decision to the headquarters of Qunxing Group.
The actual effect of stabilization funds and the trading suspension of the two major companies are the same, both are to prevent the market index from continuing to fall, but there is a huge difference between the two.
The announcement of the suspension of trading by Xingyu Technology and Matrix Quantum itself will not bring any liquidity to the market, and the stabilization fund's move is a solid entry of real money to support the market. The market's feelings and investors' interpretation will also be
Completely different.
Soon after, the SGX market opened as scheduled. Although the SGX 50 index opened higher in the early trading, it still fluctuated downwards in the end. It reached a new low during the session, falling more than -1.32%, and the lowest fell to 10022.79 points, which was 10,000 points.
The situation is at stake.
Since peaking at 12057.88 points on Friday, February 19, in just about two weeks, the New Securities 50 Index has dropped to today's intraday low of 10022.79 points. The cumulative decline in the range has reached -16.87%, which has not only reduced this year's
All gains fell back, and the annual line fell by -4.89%.
However, today's lowest point of 10022.79 points is the lowest point of this round of adjustment, because at this moment, the trillion-dollar stabilization fund took action.
Last year, Fang Hong decided to enter the SGX market with more than 5 trillion repatriated and raised the market index to 10,000 points. During the process of rising, stabilization funds have been selling chips to varying degrees.
In other words, the SGX Market Stabilization Fund now has a lot of liquidity and plenty of bullets.
Previously, selling operations were carried out, but today is the first time for buying operations in the beginning of the year. The market is all staring at the NSE 50 index. The 10,000-point mark is undoubtedly an important psychological integer mark. If it falls below, it can still be supported.
It has a great impact on the market.
However, under the strong support of the stabilization fund, it finally managed to hold on to 10,000 points, and showed a rebound pattern in the late trading. The 10,000-point mark of the NSE 50 Index was not breached during the session.
As of the close, the SGX 50 Index fell 0.47% to 10108.70 points. The SGX market shrunk to 1.79 trillion today.
Shortly after the market closed, stabilization fund open market operations saw net purchases of more than 150.7 billion today.
This news caused investors from all walks of life in the market to raise eyebrows, because this was the first time that the Stabilization Fund carried out buying operations in the past year. You must know that it had been selling operations before, especially last year. At that time, everyone thought that the index
The result of this adjustment was a unilateral rise in the fourth quarter that pushed the price higher than the 10,000-point mark.
At that time, the stabilization fund also went up due to selling operations, even if there was no operation, it still went up. As time went by and the number of times increased, no one paid much attention to it.
But today, after such a long time, the first buying operation was carried out since the beginning of the new year, which made it clear to everyone that the management does not want the NSE 50 index to break through 10,000 points. Anyone with a discerning eye can see that, because the management
That's the original intention, there is no cover-up.
Then we can’t be bearish easily. The players in the market still have something to gain from the bullets in the hands of the stabilization fund.
This is what investors like to hear the most, and this is called real certainty. The Stabilization Fund's strong move to support the 10,000-point mark of the NSE 50 Index today is a signal of certainty.
With stabilization funds taking care of it, you can rest assured that the SGX Broad Market Index will not fall below 10,000 points.
Above 10,000 points, players from all walks of life in the field play their own games, each relying on their abilities.
So at the opening of the next day on Thursday, the New Stock Exchange 50 Index opened 0.67% higher. It opened higher and moved higher. It opened higher and hit higher. A long Yang line came out that day, and the closing price was the highest in the day.
price.
The NSE 50 Index surged 3.06% after the market closed, reporting at 10,418.06 points, with a turnover of 1.84 trillion.
The market index has truly stabilized, and all funds have recognized that the 10,000-point mark has strong support. In the following days, the market began to fluctuate and bottomed out. Although it did not immediately violently pull up and recover, it did not break through again.
If the price is low, the market will stabilize and no longer fluctuate violently.
The SGX market is considered to be stable. It can break through the recent previous high when it rebounds, but it does not break through the previous low when it pulls back and begins to move towards an upward parallel channel.
However, the two cities next door are completely opposite. They have started a downward trend. When they rebounded, they were unable to break through the recent previous high. When they fell, they fell below the previous low and made new lows. The K-line pattern formed a downward channel.
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The next day.
Fang Hong personally came to the headquarters of Qunxing Group to meet with the company's core management and discuss many important matters.
"Tianpo's wealth is here, everyone." Fang Hong smiled quite comfortably at this moment. Everyone present could see that the big boss was in a good mood today. Fang Hong said with a smile: "The big goose and the two feathers are fighting.
From what I know about Magnesium West, Lao Magnesium will definitely launch a series of economic and financial sanctions against Big Goose, and even ask Magnesium West's companies to withdraw from the Big Goose market."
"I also think this is very possible." Wu Cheng said.
Fang Hong leaned back on his chair and said slowly and leisurely: "The West has given up such a large market with a population of about 145 million. Let's just have fun. Haha, to be honest, even a few group armies may not be able to take it."
With the market under pressure, it is very likely that it will be able to open to the east without any effort, and there are not many good things like this."
Everyone couldn't help but smile at each other. Now the two feathers of the big goose are starting to fight. When Magnesium West targets Big Goose to increase its strength, Magnesium West's companies have withdrawn one after another. Big Goose can only find Dongfang to replace it, and Dongda can just take over.
live.
And Dongda will never let Big Goose's economy collapse, because this itself is not in the interests of Dongda, and Big Goose must not fail.
Magnesium Western capital, companies withdraw from the big goose market, Dongda will immediately connect to the replacement.
The main purpose of Fang Hong's visit today is to prepare the major subsidiaries of Qunxingxing, especially those that can compete in the big goose market. Next, they must be prepared to enter the big goose market.
Once it is turned on, if you slow down, your friends and business colleagues will be able to get there first. You can't get up early to catch the late market. There are a lot of people in Dongda's family now!
