My Fintech Empire

Holders of these five stocks left messages in the comment area, wailing and cursing. As the news spread, the popularity of these stocks increased after the market closed.

In the next few days, the market adjusted and consolidated in the shock, and these five stocks hit the limit down the next day as expected. On the next day, Monday, June 17, they opened at the limit down.

Investors holding these stocks lined up overnight to rush to buy, and it looked like they would have to hit the limit down again.

At around 10 o'clock in the morning, something went wrong. The secretary of the board of directors of Yiou shares responded to investors' online inquiries, saying that the rumors that the company refused to sign the supplementary agreement of the new delisting rules of the SGX were untrue, and the company would sign it!

As soon as the news came out, Yiou shares, which were at the limit down state, were quickly opened by funds.

Some stockholders who saw the news shouted, "Oh my god, it's a wash, buy it quickly!"

Yiou shares, which broke the limit down, rushed up quickly, and turned red and rose in just five minutes, and continued to rise, with a posture of hitting the limit up and going out of the ground and sky. Several other stocks that fell to the limit down were also brought up, and they all lifted the limit up and followed the rise.

Retail investors who can invest in individual stocks in the SGX market are generally quite good. Because of the limit of the threshold, investors who can reach the threshold are more or less capable and can make money from the market.

But then again, the SGX 50 Index has been rising for more than three years. Many small retail investors could not reach the threshold before, but they relied on the SGX 50 ETF to win and reached the threshold of the SGX market, and opened the right to trade individual stocks.

Retail investors who have opened the entire line of the SGX market in the past year are generally quite green, and it is the SGX market environment that makes them make money.

At this moment, many of the funds that dare to come to Yiou shares to gamble are retail investors who have just opened the rights.

At around 10:40, Yiou shares hit the daily limit, breaking out of the ground-to-sky market.

With such a commotion, the SGX also noticed this company, and it can be basically concluded that it was making trouble, but if the company decided to re-sign, it really couldn't find any reason.

In any case, as long as the new regulations are implemented on July 1, if the companies that have been listed on the SGX market do not sign, they will be forced to delist according to the new regulations.

The SGX market management originally planned to ignore it, but another incident in the afternoon made the SGX management unable to tolerate it.

At around 14:37 in the late afternoon, two stocks suddenly crashed and plunged to the limit.

It turned out that a short essay appeared in the market and circulated in the stock forum and many stock exchange groups. This short essay claimed that an insider broke the news that the two stocks had not signed the new regulations supplementary agreement.

The holders were frightened by this short essay and fled in panic, triggering a stampede of funds, causing the two stocks to crash and limit down.

The SGX found that these two stocks were not the 15 listed companies that refused to sign, and they were both mid-cap stocks. Before the limit down, the market value of one was 17 billion and the market value of the other was 22.8 billion.

If the issuer was making trouble in the morning, then the two mid-cap stocks that crashed and hit the limit down in the afternoon due to a small essay were speculators who deliberately created panic at this critical juncture and then bought the bottom.

This incident made the SGX management unbearable, and they planned to wait until the new regulations were officially implemented on July 1.

But if there was no response, it would definitely encourage some speculators to follow suit.

In order to prevent this from happening again, the SGX issued an announcement in advance that evening, officially announcing that the new delisting regulations would take effect on July 1, 2019.

It would be two weeks later at most.

Investors from all walks of life were quite surprised when they saw this news, because it was generally predicted that the new regulations might be implemented in August or September.

But this is not the point. The point is that the SGX also announced the signing of the supplementary agreement of the new regulations by more than 1,600 listed companies. It directly announced 1,661 listed companies that have signed the supplementary agreement. The 15 listed companies that have not signed the agreement are also on the list, and all 9 ST stocks are on the list.

Now some people are happy and some are sad. The holders of the two stocks that were killed by the small essay at the end of the trading day were not scared out and even bought the bottom. They were very excited because the company's name appeared on the list of companies that signed the supplementary agreement, which means that the company has no problem. It will definitely be reversed tomorrow. It was wrongly killed today.

And the thighs of those who cut their meat were swollen and they cursed in anger.

Yiou shares, which has gone out of the ground-to-ceiling market, people who bought this stock this morning were petrified on the spot after seeing the announcement, and those who sold their chips today to cash out instantly felt like they had survived a disaster. Those who queued up to hit the board but didn't get in said they were lucky to have a life.

The holders of the other 14 stocks were also devastated after seeing the announcement, especially the other 10 stocks, whose holders only found out that the company had not signed the supplementary agreement after seeing the announcement of the SGX.

Now that the announcement has come out, the holders of these 15 stocks have been scared to put up sell orders in advance overnight and queue up to bid tomorrow to run away.

Refusing to sign the supplementary agreement is equivalent to a self-destructing truck. Even if the company itself has no problems, investors will not buy it.

Because there is a problem that cannot be avoided, why don't you dare to sign it if you have nothing to hide?

After the news was announced, investors have begun to vote with their feet. Those who hold these 15 stocks put up orders overnight to sell at the limit price. It is the choice of investors. When the market opens tomorrow, there is no suspense that the 15 stocks that have not signed the new regulations supplementary agreement will hit the limit price.

However, this news is undoubtedly a big positive for the entire SGX market, and it is a real positive in both the short and long term.

In addition, 1,661 listed companies have signed the new regulations supplementary agreement. The further improvement of the market mechanism has made the directors, supervisors and managers of listed companies even more afraid to act recklessly, because the cost is too high and the deterrent is great. It is impossible for companies to withdraw and leave, nor dare to hollow out the company or play some cage-changing game to secretly transfer benefits.

…

The next day, Wednesday, June 9.

Boosted by this news, the SGX 50 Index opened higher by +0.80% at 5,150.15 points in the morning, and the opening price directly stood on the 5-day moving average.

The 15 listed companies that did not sign the new regulations supplementary agreement, as expected, collectively opened at the limit down, and no one took it, and the funds inside were trampled, and they all wanted to sell at a loss even at the limit down price. They all wanted to run out, but the result was that they could not run out, and the orders on the limit down board were scary.

I regretted buying stocks at the floor price yesterday, and I slapped my thighs. Even if I bought at the floor price yesterday, I am numb now. I haven't lost my principal because of the one-word limit down today, but I know that this stock will continue to fall by one-word limit down. If there is another one-word limit down tomorrow, I will start to lose my principal.

In the current situation, it is good to be able to cut in half.

In sharp contrast, the SGX market has entered a general rise today. The stocks that turned green and fell on the market are these 15 stocks that hit the one-word limit down. The other 1,661 stocks are all rising to varying degrees at this moment.

The SGX 50 Index opened high and went high, with both volume and price rising. The intraday time-sharing line maintained a unilateral upward trend throughout the day. Less than half an hour after the opening, the SGX 50 Index successfully stood above the 5,200-point mark, and still maintained a strong bullish shock upward.

Today's trading volume is obviously rising sharply, with more off-market funds entering the market. The implementation of the new regulations is a foregone conclusion without any suspense, which has greatly boosted investors' confidence in this market.

……