My Fintech Empire

This is too scary. The Xinzheng 50 Index next door also failed to break through at this moment and immediately turned around and dived. Fortunately, there was strong support when it dived to the zero axis.

Because the super main force was supporting the market.

At the same time, mysterious funds also participated in the call auction in the two cities next door. They didn’t care about small and medium-sized stocks and junk stocks. They just dropped to the limit. Because these junk companies, if you dare to buy their stocks, they dare to sell all the companies to you.

The mysterious funds chose the large weight of the Shanghai and Shenzhen 300 Index, among which the top Zhongzi first ticket was the main one. The task this time was to push up the market index. They didn’t care about the individual stocks in the two cities next door, especially the small and medium-sized junk stocks.

As time went by, the auction in the two cities next door ended.

The Shanghai Composite Index, which would have opened at -8.73% in Fang Hong's previous life, opened at -1.93% today. Although it still opened at a large gap, it was much better than before. There were no thousands of stocks opening at the limit down in the two neighboring markets.

After the opening at 9:30, the Shanghai and Shenzhen markets did not fall back, but went straight up.

At this time, all kinds of funds in the market clearly felt that there was a powerful mysterious super main force protecting the market. Although the selling pressure in the market was great, the carrying capacity was also great.

However, there were still hundreds of stocks in the two neighboring markets that were in the state of limit down. Basically, they were junk stocks that were evolving from small and medium-sized start-ups to penny stocks. This time, the super main force protected blue chips with large weights, and small-cap stocks were left to fend for themselves.

Unless it was the SGX market, there were more than 300 small and medium-cap stocks that opened at the limit down in the previous call auction, but they were strongly pushed up by the super main force.

Small and medium-sized stocks in the SGX market are not junk stocks. Although we cannot say that all of them are good stocks, this market can ensure that most of the listed targets are reliable, and it will not happen that you dare to buy its stocks and it dares to sell the company to you collectively.

It was impossible in the past few years, and it is even more impossible now with the implementation of the new listing rules introduced by the SGX last year.

When a company is delisted, it needs to repurchase its stocks at the fair market value. Moreover, when new stocks are registered and listed, the issuer dare not arbitrarily value and price them. If the company is delisted one day in the future, it will be a big deal, and the issuer may not be able to afford it even if it goes bankrupt.

At 15:00, the SGX 50 Index closed in the red, and finally rose by +0.27% to close at 6284.06 points. The transaction volume of the SGX market was 1007.6 billion, barely maintaining a trillion-dollar transaction market.

The trading volume was reduced by nearly 200 billion compared with the previous trading day. At this time, no one dared to make a move, and most of them chose to hold their coins and wait and see. The reduction in trading volume was also normal.

In the evening, the external market rebounded, and the Beijing Magnesium stock market also ushered in a rebound.

The next day, the A-share market also ushered in a rebound. The New Securities 50 Index regained the 6,300-point mark, closing up +1.36% on the day, at 6,369.64 points. The market trading volume was greatly increased, and the SGX market blasted out a trading volume of 1,340.6 billion today.

The two neighboring cities also rebounded a lot.

This posture seems to have brought back all the confidence at once.

In the next five trading days, the New Securities 50 Index continued to rise, closing up +0.75%, +0.93%, +0.17%, +0.28% and closing up +0.21% on Tuesday, February 11, and the closing price on that day was fixed at 6,520.45 points.

Directly set a new record high.

The current capital market is truly living in fear of rising every day. On the one hand, black swans are sweeping the world, and the number of people affected is soaring exponentially, but the capital market seems to be unafraid of black swans, but is instead staging a bigger carnival.

The Beijing Magnesium Stock Market has also set a new high, and on the A-share side, the SGX market has also ushered in a trend of large inflows of foreign capital again. There was a large net outflow in the few trading days before the Spring Festival.

On Wednesday, February 12, the SGX 50 Index closed up again +0.48% to set a new record high. From the K-line pattern, after returning from the Spring Festival, it has gone through an epic eight-day positive market. Although the recent few days have been small positive lines, and there has not been an intraday increase of more than 1 percentage point, it is also eight consecutive positive lines.

However, on February 13, it stopped at eight consecutive positive lines, and the SGX 50 Index fell back by -0.31%, but it stopped falling on Friday, February 14.

As the weekend passed, time came to Monday, February 17th. The SGX market opened, and the SGX 50 Index opened high and continued to hit new highs. The most profitable stocks in the three major trading days during this period were the YQ beneficiary stocks, and the pharmaceutical and medical sectors continued to hit new highs.

"Awesome, 6,600 points!"

At this time, a stockholder of A-shares was excited when he looked at the quotation of the SGX 50 Index. At this time, the increase of the index had exceeded 1 percentage point and stood above the integer mark of 6,600 points.

The atmosphere in the three major trading markets was hot, and they were not afraid of the black swan YQ, and even forgot about it.

In the afternoon, the brokerage firm in the neighboring market strengthened again. Thanks to the hot trading atmosphere of the SGX market, the performance of the brokerage firm will not be bad. Entering the new year, the transaction scale of the SGX market has been maintained at the scale of the trillion market almost every day.

The performance of the brokerage firm is really not bad, at least the current market is buying it.

As of the closing, the SGX 50 Index closed at 6628.41 points, up 1.27%, setting a new record high. The SGX market's total transaction volume reached a huge 1.27 trillion throughout the day.

The carnival is still going on, but in the external market, the Beijing-Mei stock market has not continued to reach new highs, but there has been no big drop.

The current market atmosphere is so hot, black swan? What black swans? What does it have to do with my stock market?

During this period, Fang Hong has also been paying attention to the trends of the capital market, and his focus has also been on this area.

He did not deliberately suppress market sentiment. Before supporting the market, the market must be cleared and the market must be kept in this crazy state.

…

The time came to Thursday, February 20.

Today's A-share market has once again strengthened collectively. In the past few days, the Singapore Exchange was the only one that stood out, and the two neighboring markets were mainly oscillating and consolidating. This was because Fang Hong asked the funds that went to the two neighboring markets to support the market to withdraw on the Spring Festival.

The market has been supported, and the funds will be withdrawn accordingly. In this way, it is not surprising that the Shanghai and Shenzhen stock markets cannot rise.

But today, the three major trading markets collectively strengthened, and the Shanghai Composite Index regained the 3,000-point mark in one fell swoop. In the afternoon, there was a strong upward trend. The reason was that the big financial concepts such as securities companies, banks, and Internet finance continued to strengthen.

After 14:00 in the afternoon, the securities sector exploded across the board, and the sector index rose by more than 6 percentage points. In terms of individual stocks, there was a surge in daily limit, and Tianfeng Securities, Huaan Securities, Hualin Securities, etc. all rose by the daily limit.

The explosion of securities companies also helped the Shanghai Composite Index to return to the 3,000-point mark again.

As of the close, the Shanghai Composite Index rose by +1.84%, the Shenzhen Component Index rose by +2.43%, and the total turnover of the two markets was 1068.5 billion.

The SGX 50 Index closed up +1.05%, reporting 6688.06 points to a new high. The transaction scale of the SGX market released 1323.6 billion, and the three major trading markets had a total transaction of 2392.1 billion. The transaction volume exceeded 2 trillion for two consecutive trading days.

The next day, the last trading day of the week, the New Securities 50 Index closed up +0.2% again, set at a historical high of 6704.51 points, and stood above the 6700 mark for the first time.

The three major A-share trading markets maintained a turnover of 2 trillion yuan for the third consecutive trading day, and staged a happy bean market. Many small investors felt that the money in the market was like happy beans.

With the New Securities 50 Index breaking through the historical high of 6700 points, the entire market is now calling for 7000 points. Breaking through 10,000 points within the year is not a dream.

…