Affected by the major negative impact of the weekend, the SGX market opened this morning, and the call auction stage triggered the flight of countless funds regardless of cost.
The most important funds fleeing are obviously those investors who have taken advantage of leverage and engaged in over-the-counter capital allocation.
Some retail investors are also running away. In the past, many retail investors used various channels to increase leverage. After seeing the information released by the Singapore Exchange on weekends, as long as illegal funds enter the market, even small retail investors will face a three-year ban from the market.
There will be penalties, and the money earned will also be confiscated.
This is a great deterrent to Xiao San. If the Xiti Xiaoheiwu suffers three years, the market may have reached more than 30,000 points by the time it comes out. After all, God K has already let the word out, then what?
Isn't it a solid step into the air?
When the bidding ended in the morning, the NSE 50 Index directly opened the largest gap in history. With the opening price of 14,323.44 points, it opened at a huge gap of -12.66%, directly breaking through the two integer marks of 16,000 and 15,000 points.
In terms of individual stocks, there are nearly 2,300 stocks in the SGX market, and 1,297 stocks have opened a one-word limit.
Today has set a new historical record. It is the first time in more than five years since the SGX market opened that 1,000 shares have fallen below the limit.
Moreover, this is still the 20cm level drop limit, and for a while, the market panic boils.
Fang Hong did not go to Qunxing Group today. He watched the opening of the SGX market at home for a while and then stopped paying attention to today's stock market.
The strategy has been set, and this trend is within his expectations, because the leveraged funds that had previously poured in were frightened by the news of the weekend, and they would all flee today regardless of the cost.
But it is also a real reversal to pick up people. Fang Hong is not worried about things going wrong, because the 12 trillion that has harvested the power of short sellers is ready. The original plan is to use the profits from harvesting short positions to underpin the market and pay for the whole market.
.
Without this backing fund, when the previous profit order is realized, the plate will definitely be smashed into an A kill pattern.
And as soon as the bidding results came out, everyone was so panicked that they would kill directly.
When the market opened at 9 o'clock, the NSE 50 Index fell further, and the 14,000-point mark was also lost. The NSE 50 Index plummeted by more than 2,000 points within the day.
Funds were fleeing crazily, with net outflows exceeding 200 billion in just half an hour.
At around 9:42, the number of stocks on the SGX that reached the limit expanded to 1,622, and individual stocks fell to 13,913.85 points, a drop of more than -15%. The SGX 50 Index was almost close to the limit.
[Run, run, the pills are spicy! The pills are spicy and the pills are spicy!]
[The mad bull is over. It came in a rage and leaves in a rage.]
[Reversing the car to pick up the iron guys... (manual funny)]
[There are one to two trillion extremely large traps above the 15,000 point. Who can solve their trap? It feels like the 16,721.76 point is really the top of the universe.]
[Terrible, scary to death, this kind of killing trend.]
[God K, the city is in danger, rescue quickly!]
[What should I do? I invested heavily in the New Certificate 50 ETF last Friday and lost 150,000 in one fell swoop...]
[How to get up before, how to get down now.]
[If you believe that the K-shen market can reach 20,000 or 30,000 points, then just hold the stock and wait for it to rise. Even today is a good opportunity to add positions. If you don’t believe it, then you should leave the market on this K-line today.
.]
[Why do some people always think that the universe is at the top? When the NSE 50 index exceeded 3,000 points, some people said that the universe was at the top, and when it exceeded 5,000 points, some people said that the universe was at the top. In March last year, when it reached more than 6,700 points, some people also said that the universe was at the top. Without exception, they were slapped in the face.
.]
…
Just when the index dropped to 13913.85 points, the decline stopped, and a large amount of funds took over the buying orders, so that the market index did not hit the lower limit.
Obviously, the super main force "paid the order", but the funds used to pay the order were the wealth from the previous short-selling.
At the same time, technical players also took action at this time, because the oversold situation was too serious, and when the market began to rebound, a lot of funds did enter the market to buy the bottom.
The NSE 50 Index began to rebound, and at the same time, many stocks that were stuck at the lower limit began to rise.
Around 10:46, major market software pushed messages:
[The NSE 50 Index regained the 14,000-point mark, and the current turnover exceeds 1.2 trillion]
In the next hour, the NSE 50 Index continued to rebound, reaching a maximum of 14861.88 points, narrowing the decline to -9.37%. Many funds were sold during the rebound, mainly individual investors.
Because individual investors in the SGX market have a single T 0 opportunity, that is, they can sell once after buying on the same day, so they are much bolder. If the situation goes wrong, they can sell in time and still have the opportunity to run away.
The index did not continue to rebound and recover. After rising to 14861.88 points, it fluctuated for ten minutes.
Because the super main force did not continue to take action, because Fang Hong’s task for his trading team was to hold on to 13,500 points, and take over when this position is reached.
The funds for on-site gaming saw that they could no longer be charged, so they had a bad premonition, but they still waited for a while, until about ten minutes later, they found that the index time-sharing line had not moved up yet, so the bottom-buying funds began to use single T
0 opportunities are starting to run away.
As a result, the market index fell back after rising, and then turned down again around 12 o'clock, fluctuating all the way down.
At 15:00 p.m., the SGX 50 Index plunged -14.92% to close at 13952.42 points. The SGX market turnover shrank to 3510.7 billion. You can see that today's volume is 1.89 trillion less than last Friday.
With such a serious shrinkage, everyone felt that they were going to be killed, and the pessimistic atmosphere in the market became even stronger.
Many people think that the market will explode tomorrow.
However, the trend on the second day greatly exceeded the expectations of the bearish pessimists. They thought that the New Securities 50 Index would definitely open lower with a huge gap on Tuesday. The best expectation would be to open lower by 8 points. Most people thought that
Open 10 points lower.
As a result, as soon as the auction opening results came out on Tuesday, the NSE 50 index only opened lower by 0.8 percentage points. Although it fell for a while after the opening, the maximum decline did not exceed 2 percentage points, and it stopped falling after it fell to 13682.51.
It once turned red and rose during the session, and the market also showed a narrow range of fluctuations.
At the final close, the SGX 50 Index walked out of a green cross star K line and closed down -0.68% at 13857.22 points. The SGX market's trading volume for the whole day was 4.02 trillion, an increase of 518.3 billion compared with yesterday.
In the next three trading days this week, the Singapore Securities 50 Index began to rebound and successfully reached the 14,000-point mark.
This surprised the people who judged the trend of the A-kill. They did not expect that the SGX market’s ability to take over was so strong, and there was no A-kill in this.
Only the previous short sellers are bleeding in their hearts, it’s all my money! I’m using my money to support you!
However, because Monday's plunge was so shocking, many people are afraid to take action easily after the rebound, because they don't know whether it is really stabilizing or whether the bulls are trapped. After all, there are tens of trillions of intensive stocks above 15,000 points.
