My Fintech Empire

As time goes by, the heat of the sudden black swan event on the SGX has gradually faded. Although the process was tortuous and had many twists and turns, the final result greatly exceeded market expectations.

Investors have never been more confident about the future of SGX.

The NSE 50 Index also rose steadily in mid-to-late May. On Monday, May 23, the NSE 50 Index closed up +1.85% to 1526.96 points.

Not only has it returned to the 1,500-point mark again, but it has also filled the gap in the "island reversal" of the previous historical high. It is very close to breaking through the historical high of 1,575.05 and setting a new high.

In the previous emotional meltdown, when the New Securities 50 Index fell by 1156.52 points, almost everyone thought that 1575.05 points was the peak of the universe. As a result, they never expected that it only took about a month for the index to reach a historical high again. nearby.

Since the previous plunge, the NSE 50 Index has experienced a cumulative increase of +32.03% in less than a month from its lowest point of 1156.52 points to its current closing price.

The low of 1156.52 has also become a super gold pit. Those who dared to buy the bottom at that time will make a lot of money in May. Even those who were trapped in the high point and did not cut their profits have now realized their profits.

SGX also disclosed the latest blockbuster data. More than 77% of investment accounts on the exchange turned a profit in May, and 1.3% of investment accounts doubled their profits this month.

This authoritative data shows that although the vast majority of investors experienced a plunge last month, they still made the majority of the money in the end, accounting for more than two-thirds. This is unique in Big A.

It also shows that the market fluctuated violently some time ago. Even though many investors took advantage of the sharp decline before, most investors also chased back to make up for their previous losses when the market rose sharply. The few who dared to buy the bottom at that time made a lot of money. Full.

In addition, WeChat is a particularly eye-catching stock. On the first trading day after May Day, the NSE 50 index once again reached an exponential daily limit. The stock was ST-listed and released a huge amount that day, but the daily limit was firmly sealed that day. And until today, May 23, the stock has gone out of 15 consecutive trading days in the past fifteen trading days. Although the daily limit of ST shares is only 5 percentage points, it has also achieved a cumulative increase of +97.98% after 15 consecutive trading days. Basically, It's doubled.

WeChat’s share price closed at 56.76 yuan per share after the market closed today. The market value has returned to the trillion mark, reaching 1.2487 billion, which is not far from the record high of 1.36 trillion.

This stock had been cut in half before, and everyone knew that the fault was not with this company, and its fundamentals had not changed at all, so it was wrongly targeted.

Although it was ST, a good company is still a good company. After the crisis on the SGX was resolved, WeChat’s stock price recovered without any surprise. On the day after the holiday, so many funds queued up to grab the NSE 50 ETF fund to passively reduce its holdings The chips released.

Everyone knows that this is giving away money, which is comparable to the red envelope market.

As the SGX announced this blockbuster data, the market corrected the next day. The SGX 50 index fell below the 1,500-point mark. However, this was an expected adjustment. The SGX disclosed the data. So many people made money and accumulated With huge profits, some people felt that this was the moment to cash in, so the market pulled back.

But this is an extremely normal adjustment, and no one thinks it will fall sharply. Market confidence is so strong now, and systemic risks have been eliminated. Investors from the main boards of the two cities next door are still flocking to the market. There are also more and more SGX theme funds that have concluded their fundraising, and these funds will enter the market later.

All in all, the current NSE 50 Index does not have any factors for a sharp decline.

This is also true. After only two days of correction, it stopped falling and rebounded, and regained the 1,500-point mark again on May 30.

During this period, the SGX market was booming. A large number of investors abandoned the main board and poured into the SGX market through the SGX 50 Index. The main boards of the two neighboring cities were under huge liquidity pressure.

The NSE 50 Index has already returned to the 1,500-point mark, while the main market index next door has not recovered since it fell below 2,900 points, let alone 3,000 points. When the NSE 50 Index continues to rise, During the same period, the main board index has been fluctuating at more than 2,850 points.

Is there any pressure next door? It’s so stressful!

During this period, the average daily trading volume of the SGX was over 170 billion, while the Shanghai Stock Exchange Index during the same period had a record volume, and even the daily trading volume shrank to less than 120 billion.

The number of people playing on the main board next door is visibly decreasing. On the other hand, the SGX is full of people, and investors are flocking to it one after another.

We must know that a considerable proportion of the incremental funds absorbed by the SGX were siphoned from the main board next door. This shows that it would be impossible if there was no pressure from the next door.

No one is playing on the main board anymore, and sooner or later if this continues, it will fall into a crisis of liquidity exhaustion.

Another data has also been verified from the side. The financing balance of the two cities has fallen below 820 billion, setting a new low since November 28, 2014.

Finally, at the end of the month, in the face of such great pressure, some changes finally occurred in the two cities next door. The Shanghai and Shenzhen Stock Exchanges officially issued new rules for the suspension and resumption of trading of listed companies.

Are there any changes? A little bit! Are there any changes? Basically no!

It’s changed but it feels the same.

The investors said: Very good, I believe in God K and will invest in the new index.

Facing the market liquidity crisis, we finally received some real good news on the last trading day at the end of the month. On May 31, the central bank conducted a 120 billion yuan seven-day reverse repurchase operation on the open market to alleviate the problem of tight market liquidity.

In addition, the market has also released five or six good news in succession.

On the last trading day of this month, the main board index next door, which had been suppressed for a long time, finally ushered in an explosion. From the market point of view, after continuous narrow sideways trading, the Shanghai Stock Exchange Index also had the need to choose a direction. Today, it finally broke through with heavy volume. At the same time, The gap left on May 9 was filled, and the short-term rebound was established.

The A-share market opened this morning, and the Shanghai Stock Exchange Index basically opened flat. Financial stocks, rare earth permanent magnets and other major sectors broke out collectively during the session, driving the Shanghai Stock Index to soar all the way to 2,900 points. Near midday, the Shanghai Stock Index maintained a volatile consolidation state at a high level. At the opening in the afternoon, the Shanghai Stock Index continued to rise, reaching the 2900-point mark at around 13:20. The Internet financial sector and sub-new stocks all ushered in a daily limit surge, and then the two cities continued to rise.

On the main board, the brokerage sector has increased by nearly 8 percentage points. This sector has fallen terribly since the adjustment last year. With the expected positive results, it also ushered in a strong rebound today.

The market once believed that the SGX would be under pressure to adjust again today. After all, it has accumulated huge profits in the short term and has reached the pressure level of historical highs. On the other hand, the two neighboring cities are at a relatively lower position. The SGX There should be some funds flowing out to buy the dip on the main board, at least short-term funds should do this.

However, the strength of SGX exceeded market expectations. The next door broke out today and rose sharply, but the SGX market rose even more sharply.

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