My Fintech Empire

The next day, Tuesday, July 24.

The SGX market continued its bullish trend today. Although the SGX 50 Index opened flat in the morning, it quickly rose without a pullback after the opening, showing a trend of rising volume and price.

At around 11 a.m., major market software pushed the message:

[The SGX 50 Index rose by more than +1.52% to 4090 points, breaking through 4085 points to set a new historical high]

Less than ten minutes later, major market software pushed the message:

[The SGX 50 Index stood above the 4100 point mark, continuing to set a new high]

The market was boiling. I didn’t expect the SGX 50 Index to break through three consecutive positives and set a new high. I thought that the official landing of the "Singapore Hong Kong Stock Connect" was the realization of positive expectations, and those who chose to jump out of the train regretted it and slapped their thighs.

All major stock forums and communication groups were discussing that the market was so good, and everyone was very happy.

[These three consecutive positives are really beautiful, awesome! ]

[Is foreign capital crazy? On the first day, 55.2 billion was bought crazily, 53.9 billion was bought crazily yesterday, and 31.7 billion is already bought today. This is going to break the record! ]

[I found that there was no outflow of foreign capital in the SGX market in the past two days. Are they so optimistic? No one is doing short-term trading? ]

[Isn’t this normal? The SGX has a T+3 trading mechanism for institutions, while retail investors have a T+1 trading mechanism. In the past two days, even if they wanted to outflow, they couldn’t sell. Today, more than 3 billion has flowed out, but compared with the scale of inflow, it can only be a fraction. ]

[Fortunately, I didn’t believe those teachers and big Vs who said that it’s time to leave after the launch of the New Hong Kong Stock Connect, and the positive news is realized and the market outlook is bearish. ]

[Don’t scold, don’t scold, three consecutive days of positive growth, serious missed opportunities. ]

[The Shanghai Composite Index barely stood above 2,900 points, while the SGX 50 Index has reached 4,100 points. The absolute point difference between the two has opened up 1,200 points. To be honest, it is still quite shocking! ]

[Living in fear of rising prices every day...(covering face.jpg)]

[The bull market of the SGX market has exceeded the two waves in 2007 and 2015, it is invincible! ]

[The index has risen more fiercely than the stocks next door, and the annual line has broken through 40 points. It feels like it will exceed last year's 46% increase. ]

[If nothing unexpected happens, it will probably exceed it. ]

…

At around 13:22 in the afternoon, major market software pushed the message:

[Xingyu Technology continued to strengthen in the afternoon, with the increase expanding to +3.71%, and the market value of 92337, a record high. ]

At this moment, the company's market popularity index also soared rapidly, and people from all walks of life came to watch. Xingyu Technology stood on the 9 trillion market value mark for the first time today, which is about 134.79 billion US dollars without considering exchange rate changes.

It is getting closer and closer to 10 trillion. Many investors are looking forward to this moment, and everyone believes that it is only a matter of time before Xingyu Technology breaks 10 trillion.

For the A-share market, this is undoubtedly a historic moment. The first listed company with a market value of over 10 trillion yuan is basically locked in as Xingyu Technology. There is no suspense. Moreover, it is not a financial oil stock but a technology stock, which is destined to be recorded in the history of the A-share market.

After the close, the SGX 50 Index rose by +2.42% to 4126.10 points. The turnover of the SGX market today also hit a record high of 765 billion.

Among them, the net inflow of foreign capital into the SGX market hit a new high, setting a new record for the largest net inflow in a single day and a new record for cumulative net inflow, which were 59.2 billion and 168.3 billion respectively. The opening of the Singapore-Hong Kong Stock Connect was three days, and foreign capital bought for three days.

Especially the sovereign fund of the rich brother. Data shows that the PIF fund bought more than 40 billion in three days, accounting for a quarter of the foreign capital, and is definitely the largest buyer. This matter has also triggered heated discussions among A-share investors.

There are also various analyses on the Internet to explain why foreign capital is so optimistic about the SGX market.

There are many reasons, but one of them must be that the funds that bet on the Eastern giant to win are now rushing to buy, because the proportion of a single foreign institution holding a single listed company in the SGX market cannot exceed 5%. For some small-cap growth stocks that are optimistic, if you don't get on board early, you may not be able to buy them later.

The rich PIF sovereign fund particularly prefers galaxy concept stocks, but these stocks are all huge stocks of hundreds of billions, and there are also epic big stocks such as Xingyu Technology and Matrix Quantum that are more than 5 trillion.

Although the rich have a lot of funds flowing in, these big stocks are too large. For a behemoth like Xingyu Technology, the market value has reached 9.23 trillion. Even the rich can hardly fill 5% of the position. According to the current market price, the market value corresponding to the 5% equity ratio exceeds 461.6 billion. Even the rich with money can't hold such a large size.

This also reflects from the side that the current size of the SGX market can meet the asset allocation needs of global investors.

However, it is worth mentioning that as the SGX market has once again broken through its historical high, some bubble theorists are still sparing no effort to criticize this market, and they are also denouncing the bubble with an attitude of worrying about the country and the people, with a tone of "Big A is in danger", saying that the SGX market is brewing the next round of stock market disasters, and this huge bubble is no less than that of 2015, or even has already exceeded that of 2015, blah blah...

These bubble theorists are either financial rentiers who are parasitic on the next door, and the SGX market is booming, and investors have abandoned them, leaving them with nothing to profit from, so they have launched various mouthpieces to promote the SGX bubble theory.

Or they are the lackeys of the West. The long-term bull market of the SGX market is what Angsa and Squid Capital Group do not want to see the most.

In these three days, the net inflow of overseas capital exceeded 160 billion. This money should have flowed into the capital market of Northern Magnesium to support the bubble of US stocks, but it ended up going to the SGX market of the Eastern giant.

Angsa and Squid Capital Group actually saw it with their eyes, hated it in their hearts, and gnashed their teeth.

In their eyes, your A-shares should stay at the floor price honestly, on the one hand, so that they can buy the high-quality core assets at the bottom, and on the other hand, your stock market stays at the floor, and global capital can only go to the capital market of Northern Magnesium.

The continuous bull market of the SGX market, now that the foreign capital access channels have been opened up, some overseas capital that has long been coveting the investment return rate of this market has also come in droves, and the size of the SGX market has also gradually increased, which can accommodate more funds.

From the scale of the net inflow of more than 160 billion in these three days, Angsa and Squid Capital Group have clearly felt that the SGX market has posed a real threat to the capital market of Northern Magnesium.

What makes them gnashing their teeth is that they have tried several times but failed to defeat the SGX market.

It is quite difficult to try to short in this market, because Fang Hong is more inclined to bulls when designing the top-level market. This is an objective fact, because this is the reality that requires it.

Before the stock market of Laomei is blown up, or even before Laomei is blown up, the SGX market will not change its bullish pattern.

Facing the current situation of the SGX market, Angsa and Squid Capital Group are also in a state of schizophrenia. On the one hand, they want to defeat it very much, but seeing the benefits of the SGX market, they want to share a piece of the pie. But if they want to share a piece of the pie, it is equivalent to providing liquidity support to the SGX market in fact, so don't even think about defeating it.

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