My Fintech Empire

At around 11 o'clock, the SGX 50 index rose from the -2% water level to above the red zone in just 20 minutes. Affected by the SGX market, the two neighboring cities were also affected. Brought it up.

Originally, many of the wait-and-see funds had no intention of buying the dip. Most people chose to hold the currency and wait and see, mainly for risk aversion.

But with the emergence of this big news, the money on the sidelines also began to disappear.

Because when the news spread wildly, it became "K God is going to rescue the market". To a certain extent, there is nothing wrong with this, because Fang Hong posted a Weibo message at this time, breaking the news about the listing of Galaxy Group. The company wants to buy back shares on a large scale.

Everyone can see that by posting such news at this time, God K is trying to boost confidence in the capital market. It requires professionals to interpret it. It can be seen at a glance.

What I have to say is that Fang Hong’s personal influence in today’s A-share market is second to none, and absolutely no one dares to say first.

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At this moment, Fang Hong is staring at the time-sharing trend of the NSE 50 Index. Now it is obviously under pressure when it reaches near the previous high in early trading, and it has been unable to break through the previous high in the day.

The selling pressure is indeed very strong, and the Weibo post he posted is indeed very encouraging, but it is still a bit like "squeezing out toothpaste". It only said that the shares would be repurchased and canceled, but it was not stated clearly how much the repurchase would be. How big a large-scale repurchase would be ?

Obviously, players from all walks of life in the capital market are also masters who don't see rabbits and don't let go of hawks. They are also thinking that if we suddenly push forward and you do a large-scale repurchase of 100 million, wouldn't they be dumbfounded?

Of course, this is just a metaphor. Players from all walks of life in the field do not think that Fang Hong would engage in such an operation. God K’s reputation is there, so it is impossible for him to do such a thing. This is also regarded as an idol’s baggage in a sense. .

Fang Hong couldn't help but smile while looking at the trend on the market. He used his cell phone to call the beautiful assistant in the company: "Immediately instruct the people under you to notify the subsidiaries that are going to carry out the repurchase plan and issue a temporary announcement on the market." Announcements are made to let the market know which companies are buying back their own stocks.”

Tian Jiayi's voice came from the other side of the phone: "Yeah, okay, I understand."

Fang Hong immediately added: "But don't announce the specific repurchase amount for the time being, and don't make a collective announcement directly, but release it intermittently. The first batch can be more, 50 will be issued first, and then slowly later. ”

Tian Jiayi nodded and replied: "I know."

After hanging up the phone, Fang Hong put the phone aside and looked at the trend of the NSE 50 Index again.

The players in the field did not want to show off their eagles, and wanted to be more sincere, but Fang Hong would not play out all the cards at once, but would increase the number of cards layer by layer. Only with a sense of haziness can one have imagination, and just play out the cards at once. Throw them all out, which means the certainty is directly fixed. Without the sense of ambiguity and haziness, the game becomes clear, and there is no room for imagination.

After all, the capital market plays with expectations, and expectations are imagination and hazy beauty.

As time went by, at around 11:30, the SGX market once again released heavy news that shocked the entire market.

More than 50 listed subsidiaries of Xingyu Technology, Kyushu Blue Arrow, Matrix Quantum, and Game Box announced almost at the same time that they would launch a large-scale stock repurchase plan in March.

Among these 50 listed companies, 5 are among the top ten in terms of market capitalization. Xingyu Technology and Matrix Quantum, known as the "big and small kings" of the A-share market, are among them. There are also 12 companies that are currently constituent stocks of the SSE 50 Index. in.

Major market software pushed this news one after another, and the New Securities 50 Index immediately went up. The high pressure level in early trading was easily broken at this moment.

Around 11:47, major market software pushed messages:

[The SGX 50 Index continues to strengthen, with the increase expanding to +1.57%. The current total transaction volume of the SGX market exceeds NT$800 billion]

"Wow, this is really cool. 50 listed companies announced large-scale stock repurchase plans at the same time. They still had to cancel the repurchases." A retail investor was shocked and very excited when he saw the news.

"This is a generous act worthy of the Qunxing Group, and only the Qunxing Group can make such a generous move." He couldn't help but sigh with emotion.

The combined market capitalization of these 50 listed subsidiaries of the Galaxy Group that announced stock buyback plans accounts for half of the total market capitalization of the SGX, more than 60% to be exact.

You must know that the combined market value of the two giant technology companies Xingyu Technology and Matrix Quantum, the "big and small kings", already accounts for about 40% of the total market value of the SGX market.

Just when various funds on the scene thought that this was the end, not long after, another listed subsidiary of Qunxingxing announced a stock repurchase plan in March.

In the afternoon, several listed subsidiaries of Qunxingxing announced stock buyback plans at regular intervals. Today, in the pop-up alerts of major market software, the most popular news item was the news of stock buybacks by the listed subsidiaries of Qunxingxing.

It's so dizzying, overwhelming, and numb.

At the same time, the NSE 50 Index has also been rising all the way, and the time-sharing trend has shown a unilateral upward short-squeezing trend. It has successively recovered 6200 points, 6300 points, 6400 points and 6500 points within a day. The current market trend can be described as momentum. Like a rainbow.

In the SGX market, thousands of stocks turned green in the morning, but now more than 1,600 stocks are all in the green, with only more than 200 stocks falling and only 6 stocks hitting the limit down. The whole market showed a general rise.

Especially in the afternoon market, the money-making effect was overwhelming, and more than 100 stocks in the SGX hit the limit up for the first time.

The Shanghai and Shenzhen stock markets next door also strengthened in the afternoon and were taken up.

Today, the trend of the A-share market was not guessed by investors, nor the beginning, nor the process, nor the end.

No one expected that under the huge impact of a series of negative factors such as the collapse of the peripheral stock markets, the A-share market not only showed very strong resilience, but also the market indices of the three major trading markets all reversed against the trend, turned red and rose all the way, and the three major stock indices collectively walked out of a rare counter-trend independent of the world.

Everyone knows that the A-share market is so resilient now because a legendary man took action.

If it weren't for the hot man's action, it would be almost impossible for the A-share market to have such a trend today. Almost all investors believe that Fang Hong's Weibo today, more than 150 listed subsidiaries of the Qunxing Group issued temporary announcements on stock repurchase plans during the trading session, and these actions are a measure to save the market.

As soon as the magnesium stock circuit breaker last night, it was taken today.

At this moment, not only the A-share market is rising against the trend, but also the major stock markets in the Asia-Pacific region have basically stabilized, and the panic has been released to a considerable extent. This cannot be said to have boosted the trend of A-shares. After all, the major capital markets around the world will also affect each other to a certain extent.

At the same time, the North Magnesium Dow Jones Index Futures have risen by more than 2% at this time, which also indicates that magnesium stocks are likely to usher in a rebound tonight.

As of the close, the three major A-share indexes ended in the red, and almost all of them walked out of the bald big positive line.

The SGX 50 Index surged +3.07% to 6508.25 points; the Shanghai Composite Index surged +1.82% to 2996.76 points; the Shenzhen Component Index surged +2.65% to 11403.47 points. The three major trading markets had a total transaction volume of 2456.8 billion, of which the SGX market had a full-day transaction volume of 1377.1 billion.

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