My Fintech Empire

The five existing NSE 50ETF exchange-traded funds in the market have been bought up by an army of retail investors. This is not an exaggeration at all at this moment.

The current market size of the five NSE 50ETF exchange-traded funds has exceeded 100 billion. Among them, the largest market size of Huasha New Securities 50ETF has reached 235.5 billion. This is an incredible number. According to this trend, the future will definitely be Break the pace of 300 billion scale.

Because the entry threshold of SGX is too high for thousands of retail investors, but now there are thousands of retail investors who want to embrace SGX. They want to come to SGX to play, or they can To buy SGX ETFs on the market, you can either buy SGX ETF feeder funds over the counter, or strategic SGX theme funds.

It is precisely because of this that these five new certificates 50 ETFs were bought up, and the size of the market expanded exponentially, because 80% of the retail funds coming from the main board went into these five new certificates 50 ETFs.

The issuers of these five on-market funds were all grinning in private. After all, Tianpo Fugui was smashed over, and their performance rankings this year will not be bad. Now they are increasingly convinced that the original decision was too wise.

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As time goes by, after the NSE 50 index on the SGX rose to its daily limit, the main board index next door that plummeted also rebounded. Because the five NSE 50 ETFs reached their daily limit, the funds behind them could no longer be purchased. The main board next door plummeted so hard. If you have funds, just turn around and bet against the draw.

As of the close, the three major A-share markets were mixed, showing a situation of ice and fire.

The Shanghai Composite Index fell -4.27% after the market closed, to 2946.67 points, with a turnover of 208.6 billion; the Shenzhen Component Index fell -5.84%, to 10106.79 points, with a turnover of 458.5 billion; the NSE 50 Index hit its daily limit +10.00%, to 1456.82 points, with a turnover of 458.5 billion. The amount is 216.2 billion.

The total trading volume of the three major trading markets for the whole day was 883.3 billion. Today, for the first time, the trading volume of the SGX exceeded that of the Shanghai Stock Exchange Main Board. To a certain extent, it is also a record of extraordinary significance.

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The next day, Tuesday, April 19th.

The A-share market opened as scheduled. The SGX was the first to open. After the exponential daily limit yesterday, the SGX 50 index opened sharply higher today, opening higher at 1494.82 points +2.61%. It did not return after the opening. Step on the gap to fill the gap, and directly hit it high to get out of the barefoot Yang line.

It quickly broke through the 1,500-point integer mark at the opening and continued to advance.

The strength of the NSE 50 Index has attracted the attention of the market. If yesterday's surge was driven by thousands of small retail investors, the baton for today's main force has been handed over to the hands of outsiders.

Because yesterday many citizens were also subscribing for over-the-counter funds, including subscribing for ETF feeder funds or active funds.

The funds yesterday were in place and began to enter the market today, becoming the main force driving the market to continue to rise.

Today, 8 new stocks were listed on the SGX at the same time, which can be regarded as catching up with the market. These new stocks have also risen sharply, and there is no price limit on the first day of listing. These new stocks have achieved an average price of 3 times. Intraday increase.

However, they are all small-cap stocks, and the largest single stock has a market value of 4.755 billion.

The main board next door opened -0.72% lower today, and was still in a state of limbo after the opening, while the NSE 50 index here is still hitting record highs.

At around 11:53 a.m., when the main board was closed, the NSE 50 index rose to 1559.96 points, and the increase expanded to 7 percentage points. This posture gave people a trend of creating an exponential continuous daily limit, and the trading volume was further amplified. .

Although investors were extremely looking forward to the NSE 50 Index setting a new historical record again, the trend gradually slowed down in the afternoon and fell back, and ultimately failed to achieve the exaggerated index-level streak.

If he really wants to get out of the exponential chain, Fang Hong has to let Xiao Quan, Liu Qizheng and others suppress it. Although it is true that the NSE 50 index needs to rise, there must be a bubble, but it does not mean that Fang Hong wants to Let the SGX market completely fall into speculative madness.

Although there is no daily limit, the New Securities 50 Index still has a barefoot Yang line that jumped short and opened high today.

As of the close, the NSE 50 Index surged +5.87% to 1542.34 points, and the transaction scale further expanded to 261.6 billion. The main volume was still concentrated on those galaxy concept stocks with super large market weights, such as Matrix Quantum, Toutiao, and Star. The turnover of stocks such as Yu Technology and Jiuzhou Blue Arrow have exceeded 10 billion or even 20 billion.

The main board index next door ended in the green. The market closed at 2,900 points today, and the trading volume shrank to 180.9 billion. The trading volume of the SGX exceeded the Shanghai main board for two consecutive days, and today it was more than 80 billion more than the main board.

Investors looked at the trend of the NSE 50 Index and looked at the K-line graph, which was simply picturesque. Today, when the daily K-line came out, the NSE 50 Index rose from the historical bottom of 780.15 points to today's record high. Shenglang's cumulative increase has reached +99.95%, which is basically no different from doubling.

After today's close, SGX set a new historical record. Its total market capitalization exceeded the 20 trillion mark, specifically 20.27 trillion, exceeding the Shenzhen Stock Exchange's 19.82 trillion.

In terms of market capitalization, it is second only to the Shanghai Stock Exchange among the three major A-share trading markets, equivalent to the combined market capitalization of four and a half startups, or two and a half of the combined market capitalization of small and medium-sized companies.

The total market capitalization of SGX accounts for 28.95% of the total market capitalization of A-shares, and due to the skyrocketing market capitalization of SGX, the total market capitalization of the A-share market has once again been pushed to the 70 trillion mark.

Investors from all walks of life didn't know it. They were really shocked when they saw it. They were shocked to find that the current total market value of Big A has actually reached 70 trillion.

What is this concept?

At the peak of the bull market in June last year, when the market index reached more than 5,000 points, the total market value of A-shares peaked at 71 trillion.

The current total market value is only 1 trillion less than the market value at the peak of last year's bull market. However, at the peak of last year's bull market, the market index reached 5178 points, but today's market index is barely at 2900 points.

Stock investors also said that it was a big mistake.

However, if the market capitalization of SGX is not included, Big A has a market capitalization of about 50 trillion, but compared to the current market value of 2,900 points, the index is still distorted.

Big A's current market capitalization is 70 trillion. A rough calculation from this year to the present shows that although the market index has dropped from more than 3,500 points at the beginning of the year to more than 2,900 points now, the nominal market value of the stock market has increased by as much as 13 trillion.

SGX contributed 77% of this net increase of 13 trillion in market value, which is about 10 trillion.

And it is mainly contributed by the more than 20 listed companies of Galaxy Group. The NSE 50 Index is currently almost all the super large-cap stocks of Galaxy Group. These big stocks have doubled since the bottom, which corresponds to the current situation of the NSE 50 Index. Also doubled.

The data matches up perfectly.

The current NSE 50 Index has not yet reached 50 constituent stocks. Basically, if those stocks in the cluster double, the NSE 50 Index will also double accordingly.

When the SGX stock pool begins to take shape later, Fang Hong will appropriately reduce the proportion of listed companies in the galaxy. If the position is not enough, then select the best from the best, or just take turns. Anyway, the new certificate 50 The index must maintain its upward trend for a long time in the future.

Today, the total market capitalization of SGX has exceeded that of the Shenzhen Stock Exchange for the first time. The next goal is to surpass the Shanghai Stock Exchange. Fang Hong also predicts that it may be achieved in the second half of 2017 sooner, and it will definitely surpass the Shanghai Stock Exchange in 2018 at the latest. market, becoming the market with the largest nominal market value among the three major A-share trading markets.

The bigger goal is to make the total market capitalization of SGX exceed the combined market capitalization of Shanghai and Shenzhen around 2O2O. By then, SGX will be the de facto absolute leader of Big A.

At that time, when people talked about A-shares, they definitely defaulted to the SGX, and when they talked about the broad market index, they also defaulted to the SGX 50 Index.

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