My Fintech Empire

The New Securities 50 Index reached 5,000 points last Friday, and today it broke through the 5,100 and 5,200 points mark in succession. If it weren't for the stabilization fund's intervention, it would have definitely broken through the 5,300 point mark today.

At 14:55 in the closing, major market software pushed news flashes:

[The total turnover of the three major A-share trading markets reached 2.39 trillion, breaking the market's largest single-day turnover record of 2.37 trillion on May 28, 2015]

At the same time, the discussion heat of major stock forums and communication groups was off the charts, and the keywords of the A-share surge directly rushed to the Internet hot search.

[Crazy, crazy, crazy, the whole market is crazy, it's going crazy! ]

[This way of rising makes me scared, no kidding... (covering face.jpg)]

[The total turnover of the three major markets has reached 2.4 trillion, I'm so dumbfounded, no, you are all playing with Happy Beans? ]

[The SGX market has also refreshed the record of the largest single-day turnover in history, breaking 1.37 trillion. It has not only refreshed its own record, but also refreshed the record of the largest single-day turnover in the history of A-shares, exceeding the 1.31 trillion in the Shanghai Stock Exchange on June 8, 2015. ]

[Rise slowly, really, don't do this, I'm really afraid of a collapse...]

[Dreaming back to the epic leveraged bull market in the first half of 2015. ]

[Zhengce's positive support, low valuation repair rebound, internal and external negative factors are temporarily suspended, economic data window period, the Federal Reserve stopped shrinking its balance sheet, we and the old magnesium have started QE to dilute debt, and the nuclear-powered money printing machine is running at full speed, which will inevitably drive asset prices up. Today's big rise is expected, but I never expected it to be so crazy! ]

[With such a crazy trading volume, the performance of securities companies this year will be even more explosive, and the commissions will make your hands cramp. Continue to be optimistic about big finance and hold your shares! ]

[The Zijing Bank has hit the board for two consecutive days. I hope everyone is okay. ]

[The New Securities 50 Index is not to be mentioned. The Shenzhen Index and the ChiNext Index have entered a technical bull market before. Today, the Shanghai Index has also entered a technical bull market with a cumulative increase of +20%. The three major trading markets of the A-share market have all entered a technical bull market. A new round of bull market general rise cycle is coming. Go, go, go! ]

[Today's market can only be said to be crazy! ]

[It's really like a dream back to the first half of 2015. ]

……

By the close of trading, the three major A-share indexes all ended with epic big positive lines.

The SGX 50 Index came out of a big positive line with a bald head and bare feet. The closing price was the highest price of the day and the current historical highest price. It rose by +3.87% after the market to 5257.02 points. The turnover of the SGX market was 1398.6 billion yuan for the whole day; the Shanghai Composite Index soared by +5.60% to 2961.28 points, with a turnover of 466 billion yuan; the Shenzhen Component Index soared by +5.59% to 9134.58 points, with a turnover of 574.6 billion yuan.

The three major trading markets had a total turnover of 2439.2 billion yuan for the whole day. The turnover of 2.43 trillion yuan refreshed the largest single-day turnover scale in the history of the A-share market. The previous record was 2.37 trillion yuan on May 28, 2015.

The surge in the stock market also became a hot topic today, and news media focused on the capital market and competed to report.

The annual line of the New Securities 50 Index has achieved a cumulative increase of +23.38%, and a cumulative increase of +425.7% since the opening of the market on January 4, 2016. Since January 27, 2016, it has gone out of the historical lowest point of 788.87 points, creating a historical maximum range increase of +566.39%.

With such a trend and investment return rate, the New Securities 50 Index instantly killed more than 90% of the individual stock trends in the two neighboring cities.

The patient funds participating in this market have won a lot, but few people can build positions at the historical lowest point of 788 points and hold them until today. The funds with small volume cannot hold them, and the large-scale funds that can hold them will not stay and not leave, because if they don’t leave, there will be an invisible hand to help them leave.

In the past, there were several large-scale funds that refused to leave. That stock was also a component stock of the New Securities 50 Index, and it rose sharply. Then the stock was removed from the list of component stocks, and then it began to fall continuously. Finally, the several large funds that refused to leave had to slide down and admit their mistakes and stop profit and leave.

Today's A-share market broke many records, especially the trading volume record. The total trading volume of the entire market was 2.43 trillion yuan throughout the day, which shocked countless people. The SGX market accounted for 1.39 trillion yuan of it, breaking the largest single-day trading record in the history of the A-share market.

Stockholders said that everyone was speculating in stocks with happy beans, and the sharp rise in the market continued to amplify the greed in everyone's heart.

After the closing, some excited stockholders were already shouting that the SGX 50 Index would see 10,000 points this year, and 5,000 points was not a dream. 10,000 points has just started, and the 5,000-point target has been achieved. Isn't the next 10,000 points?

However, at about 16:00 in the afternoon, the SGX market trillion-yuan stabilization fund released an open market operation, which calmed down the crazy investors.

The official website of the stabilization fund released a latest announcement that it had executed a 300 billion selling operation today.

Investors from all walks of life seemed to suddenly realize this announcement. No wonder the New Securities 50 Index rose less than 4 points today and underperformed the market indices of the two neighboring cities.

But they were also very shocked. The stabilization fund released a huge amount of selling orders of 300 billion in one day, and the New Securities 50 Index actually took it? It also walked out of the big positive line with a bald head and bare feet!

In addition, the stabilization fund also clarified the future market operations in the announcement, and planned to implement the decision of 500 billion selling operations from February 26, 2019 to March 28, 2019.

This clearly tells the market that the stabilization fund will release another 500 billion selling pressure in the next month or so, which is an open operation to suppress the market's long positions. If it were placed in the two neighboring markets, it would definitely be scolded by investors.

However, when investors participating in the SGX market saw this news, they all said that although they opposed this blatant market suppression behavior, they could indeed suppress it. The recent rise was indeed a bit too much.

…

The next day was Tuesday, February 26.

Affected by the announcement of the trillion-yuan stabilization fund's market operation, the SGX 50 Index opened low by -0.47% today. The low opening did not surprise the market too much. After all, the stabilization fund's move was basically short of saying that the market was overheated and it had to fall.

Profit-taking funds also began to withdraw wisely to lock in profits.

However, after opening low, it fluctuated and rose all the way. Twenty minutes after opening, the SGX 50 Index turned positive and slightly hit a new high, reaching a high of 5268.10 points during the session, and then fell back.

Because the stabilization fund took action again, smashing more than 30 billion yuan, this time it led to the withdrawal of follow-up funds, and it also began to fluctuate and fall continuously.

As of the close, the SGX 50 Index fell -1.69% to 5168.39 points. Today, the SGX market had a full-day turnover of 1297.8 billion yuan, which was about 100 billion yuan less than the previous trading day, but it was still a very exaggerated trading volume, directly shrinking a record of the second largest single-day turnover in history, and maintaining a trillion-yuan market turnover for seven consecutive trading days.

On Wednesday, February 27, the SGX 50 Index once surged +1.75% during the trading session to reverse yesterday's negative line. The bulls' desire to attack was extremely strong, but in the end it was hit by the stabilization fund. It finally closed up +0.41% after the market, at 5189.41 points, and the trading volume of the SGX market further shrank to 1178.5 billion.

The next day, Thursday, the SGX 50 Index rebounded -0.67% and closed at 5154.54 points. The trading volume further shrank to 1057.8 billion. The market continued to shrink but still maintained a trillion-dollar market. This has been nine consecutive trading days of trillion-dollar market trading.

The current position of the SGX 50 Index has been adjusted back to the upper track of the upward gap on Monday. This gap position has strong support.

Fang Hong thought that the index should fluctuate sideways at this gap for a period of time. As a result, in the next five trading days, the SGX 50 Index rose five consecutive times with small positive lines to set a new historical high.

In these five days, the market closed up by +1.05%, +0.65%, +0.50%, +0.90% and +0.36% respectively. The Xinzheng 50 Index broke through the 5300-point mark in one fell swoop, and the latest closing price was locked at 5335.13 points.

The market was not afraid of the public stabilization operation of the trillion-yuan stabilization fund, and it rose despite the selling pressure of the stabilization fund. It can be seen that after the trend starts, it is not so easy to hold it down.

…