After the market opened higher, the NSE Composite Index opened higher and moved lower because the NSE 50 Index was retreating.
Today, the NSE Composite Index is launched, and six new ETF varieties are listed at the same time, namely the NSE Composite Index ETF and five other industry ETFs. This will inevitably divert funds from the six NSE 50 ETFs.
The situation before this was that the vast majority of investors who could not reach the SGX individual stock trading threshold wanted to invest in the SGX market and could only participate in the trading of the SGX 50 ETF, which caused a huge amount of capital congestion here and led to the formation of super large-cap stocks.
There is no lack of liquidity at all, even to the point of flooding.
Now that the diversion has begun, with the launch of industry ETFs, everyone no longer has to only focus on the New Certificate 50 ETF.
Obviously, this is a further improvement of the market mechanism to avoid the problems caused by "top-heavy". It is also the original intention of launching three new indexes and a large number of industry ETFs.
However, the SGX 50 Index did not plunge significantly. After opening higher and falling for more than an hour, it stopped falling and rebounded upward.
After all, the 50 constituent stocks in the NSE 50 Index are absolute core assets. In the past, most retail investors could only complain about the NSE 50 ETF. In fact, this is the real protection of small and medium investors and allows them to enjoy it.
To the dividends of more than five years of value growth.
If the threshold is too low, it will be difficult to maintain profits for the vast majority of investors in this market. The fluctuations of small and mid-cap stocks in the SGX market are very large. It does not mean that you can make money by buying with your eyes closed and without thinking.
Now the SGX market has a larger pool, with more than 2,300 individual stocks, and the number of new stocks registered and listed every year has stabilized at more than 200 and close to 300, but at the same time, the number of new stocks delisted every year has also increased, from a dozen or so at the beginning.
Only 27 stocks have been confirmed to be delisted by the first half of this year.
It is foreseeable that in the new market in the future, the number of delisted stocks will continue to increase. In this market, if your company is not good, it will have to delist.
Although the SGX market has a delisting compensation mechanism, if you are unfortunate enough to buy a delisted stock and happen to sell it on the top of the mountain with the biggest bubble, it will be a blood loss, and the compensation received will not be enough to cover the loss.
Because the delisting compensation mechanism is comprehensively evaluated based on fair value and the valuation weight set by the issuer, rather than the highest historical market value, otherwise the issuer will not be able to pay all the compensation in eighteen lifetimes.
…
As time went by, in the afternoon, the NSE 50 Index continued to rebound, regaining its early high and continuing to fluctuate upward. At the same time, the NSE Composite Index, which represents the entire market, was also upward.
Clearly, the market is operating smoothly.
As early as February this year, SGX had issued a "draft" to manage expectations for the market in advance, and in February and March, it had already fallen earlier than expected, releasing this round of expected decline.
The opening of the NSE Composite Index today did not bring much downward pressure to the market. Xingyu Auto also resumed trading at the 20cm-level straight-line board. It is basically difficult to fall.
Investors have not forgotten that Xingyu Automobile is only the first company to resume trading. After the spin-off and reorganization of "Big and Little Kings", nine subsidiaries have been split, and there are still eight more companies waiting to be listed.
And they are all big guys with a market capitalization of trillions. These are the absolute core assets of the SGX market, and they are all super large-cap stocks that are going to be included in the SGX 50 Index constituent stocks.
Matrix Quantum and Xingyu Technology were suspended from trading during the crazy bull market in May. When they resume trading, they must be expected to make up for the increase. The entire market knows this.
Now that these two super giants have been split into 9 companies, these 9 companies must make up for the gains. With this strong expectation management, it will be difficult for the NSE Composite Index to fall.
Xingyu Automobile, which was listed today, is undoubtedly very critical. The company's supplementary increase is related to the expectations of the following eight companies. Xingyu Automobile's current attention is also the highest in the market. Now it is ranked high in the popular stock rankings.
The first position on the list.
As of the close, the New Securities Index closed up 2.04%, at 15413.81 points, and the New Securities 50 Index also closed up 1.79% today.
It is worth mentioning that Xingyu Automobile used the original trading code of Xingyu Technology when it resumed trading, but the next three companies that landed on the SGX market used brand-new codes and followed the normal registration and listing process.
The listing of the next three companies follows the new stock process, which means there is no price limit on the first day.
The same is true for Matrix Quantum. One of the five subsidiaries to be split will inherit the parent company's previous trading code and resume trading, while the other four subsidiaries will go through the normal registration and listing process and be assigned new stock trading codes.
There is also no price limit on the first day.
Moreover, the other seven companies that go through the normal registration and listing process will also follow the selection criteria of the NSE 50 Index constituent stocks. The normal process will take at least three months to enter, and another one will be eliminated to ensure that the constituent stocks are within the 50
quantity.
There is no doubt that these seven spun-off subsidiaries will definitely enter the list of constituent stocks of the NSE 50 Index.
Even if it is split, it will still be a trillion-level super large-cap stock, or even a 10 trillion-level stock.
…
The next day, Friday, July 30, the NSE Composite Index closed slightly down -0.24%. Xingyu Automobile was promoted to the second consecutive board without any suspense, stepping out of two 20cm-level straight boards, and its market value was pushed to the
8.02 trillion yuan.
It directly surpassed Jiuzhou Blue Arrow, which has a market capitalization of 6.72 trillion, and became the largest stock in the SGX market by market capitalization.
Previously, the number one stock in terms of market capitalization had been firmly dominated by Xingyu Technology, but now it has been split up. Therefore, Jiuzhou Blue Arrow took advantage of the trend and held the title of the number one stock in terms of market capitalization in the SGX market for half a year.
Today, it was overtaken by Xingyu Automobile, giving up the top spot in terms of market capitalization.
However, from a performance perspective, Jiuzhou Blue Arrow's net profit last year was only 23.9 billion yuan, and its current static price-to-earnings ratio has reached more than 281 times, which is the highest among the 50 constituent stocks in the NSE 50 Index.
It is the only stock among all super large-cap stocks whose price-to-earnings ratio exceeds 100 times.
The market has given this technology giant such a high price-to-earnings ratio. First, Kyushu Blue Arrow is currently the absolute leader in the field of commercial space launches. If it were just this fundamental, it would still be very difficult to support a market value of more than 6 trillion.
The second is also the real super king, that is, the "Aerospace Power Energy Company" was hatched by Jiuzhou Blue Arrow, and Jiuzhou Blue Arrow is one of the major shareholders of the Aerospace Power Energy Company, able to support more than 6 trillion
Market value, this is the core logic and the strongest expectation.
According to the equity structure of Kongtian Power Energy Company, there are only three major shareholders. The first largest shareholder Qunxing Group holds 34% of the shares, the second largest shareholder is Jiuzhou Blue Arrow with 33% of the shares, and the third largest shareholder State Grid holds 34% of the shares.
20% of the total, and the remaining 13% is allocated to the option pool to reward internal employees with outstanding contributions.
The Aerospace Power Energy Company is the enterprise unit responsible for the construction and operation of "space photovoltaic power stations". Jiuzhou Blue Arrow is its second largest shareholder and holds 33% of the equity, which is one-third of the equity.
This is the largest and most core fundamental that enables Jiuzhou Blue Arrow to support a market capitalization of 281 times earnings and 6.72 trillion.
As for whether the "space photovoltaic power station" project will fail?
No one would think so about this kind of "stud"-level project initiated by Qunxing Group, and no one dared to think that the project would fail. They could only believe in the power of "belief".
