My Fintech Empire

The next day, Tuesday, March 9.

The SGX 50 Index opened lower and fell again, with a large volume of selling, and finally fell by -2.12% to 10156.40 points, with a large trading volume of 2.07 trillion.

Now the SGX market has also started a battle to defend 10,000 points.

Wednesday, March 10.

In the morning, Tian Jiayi was about to go to the headquarters of Qunxing Group to work. Before leaving, he asked Fang Hong: "The market has fallen so much, should Matrix Quantum and Xingyu Technology be suspended?"

This was previously planned, and if necessary, the two companies would be suspended to officially start the split and reorganization.

These two super big guys, if they fall a few points at random, the market index can't bear it, because the weight is too large, and the two companies account for less than half of the total market value of the SGX market.

The recent plunge in the New Securities 50 Index was led by the super-large weight. In this period of decline, the two big stocks, Matrix Quantum and Xingyu Technology, respectively, have accumulated a plunge of -21.28% and -17.55%. These two listed companies alone have evaporated 8 trillion yuan, which is quite terrifying.

Fang Hong shook his head when he heard this: "The suspension is not to stop at this critical juncture. This suspension is too obvious. The market will interpret it in the opposite way, and it will form an expectation of a compensatory decline after the reorganization and resumption of trading. Once such an expectation is formed, the market will react in advance and concentrate on falling during this period. The suspension I am talking about is the suspension after stabilization."

After thinking about it, Fang Hong added: "Let the stabilization fund take action."

Tian Jiayi nodded, and took his decision to the headquarters of Qunxing Group.

The actual effect of the stabilization fund's action and the suspension of the two companies is the same, both of which are to prevent the market index from continuing to fall, but there is a huge difference between the two.

The suspension of trading of Xingyu Technology and Matrix Quantum will not bring any liquidity to the market. The intervention of the stabilization fund is real money to support the market. The market's feelings and investors' interpretations will be completely different.

Soon after, the SGX market opened as scheduled. Although the SGX 50 Index opened high in the early trading, it finally fluctuated downward and hit a new low during the session, falling more than -1.32%, and the lowest point fell to 10022.79 points. The 10,000-point mark is in danger.

Since it peaked at 12057.88 points on Friday, February 19, in just two weeks, the SGX 50 Index has fallen to today's intraday low of 10022.79 points. The cumulative decline in the range has reached -16.87%, not only losing all the gains this year, but also the annual line has turned down by -4.89%.

However, today's lowest point of 10022.79 points is the lowest point of this round of adjustment, because the trillion-yuan stabilization fund has taken action at this moment.

Last year, Fang Hong decided to take back more than 5 trillion yuan to enter the SGX market to raise the market index to 10,000 points. During the rise, the stabilization fund has been selling chips to varying degrees.

In other words, the stabilization fund in the SGX market now has a lot of liquidity and a lot of bullets.

Previously, it was selling operations, and today is the first time to buy operations since the beginning of the year. The market is staring at the SGX 50 Index. The 10,000-point mark is undoubtedly an important psychological integer mark. Whether it falls below or supports it, it has a great impact on the market.

However, under the strong support of the stabilization fund, it finally successfully defended 10,000 points, and the late trading showed a rebound pattern. The 10,000-point mark of the SGX 50 Index was not broken through during the trading session.

As of the close, the SGX 50 Index fell 0.47% to 10,108.70 points, and the SGX market had a reduced volume of 1.79 trillion today.

Shortly after the close, the stabilization fund conducted open market operations, with a net purchase of more than 150.7 billion today.

This news attracted the attention of investors from all walks of life in the market, because this was the first time that the stabilization fund had conducted a buying operation in the past year. You should know that it had been selling operations before, especially last year. At that time, everyone thought that the index should be adjusted, but it rose unilaterally in the fourth quarter and broke through the 10,000-point mark.

At that time, the stabilization fund's selling operations also rose, and it still rose without operations. After a long time and many times, everyone didn't care much.

But today, after such a long time, the first buying operation since the beginning of the year made everyone understand that the management did not want the SGX 50 Index to break through 10,000 points. Anyone with a discerning eye could see it, because the management intended to do so and did not cover it up.

Then we can't be bearish easily next. The bullets in the hands of the stabilization fund are still counted by the players in the field.

This is what investors like to see the most, this is the real certainty. The stabilization fund's strong move today to support the 10,000-point mark of the SGX 50 Index is a signal of certainty.

With the stabilization fund in place, you can rest assured that the SGX index will not fall below 10,000 points.

Above 10,000 points, all players in the market will play their own games, each relying on their own abilities.

So the next day, Thursday, the SGX 50 Index opened higher by +0.67%, without any retracement at the opening, and it opened higher and went higher, and it went out a long positive line with a bare head and bare feet on that day, and the closing price was the highest price of the day.

The SGX 50 Index rose by +3.06% after the market, reporting 10418.06 points, with a turnover of 1.84 trillion.

The market index has truly stabilized, and all funds have recognized that the 10,000-point mark has strong support. In the following days, the market began to fluctuate and bottomed out. Although it did not immediately violently pull up and recover, it did not break through again. If the price is low, the market will stabilize and no longer fluctuate violently.

The SGX market is considered to be stable. It can break through the recent previous high when it rebounds, but it does not break through the previous low when it pulls back and begins to move towards an upward parallel channel.

However, the two cities next door are completely opposite. They have started a downward trend. When they rebounded, they were unable to break through the recent previous high. When they fell, they fell below the previous low and made new lows. The K-line pattern formed a downward channel.

…

The next day.

Fang Hong personally came to the headquarters of Qunxing Group to meet with the company's core management and discuss many important matters.

"Tianpo's wealth is here, everyone." Fang Hong smiled quite comfortably at this moment. Everyone present could see that the big boss was in a good mood today. Fang Hong said with a smile: "The big goose and the two feathers are fighting. My understanding of Magnesium West is that Lao Magnesium will definitely launch a series of economic and financial sanctions against Daye, and even ask Magnesium West's companies to withdraw from the Daye market."

"I also think this is very possible." Wu Cheng said.

Fang Hong leaned back on his chair and said slowly and leisurely: "With a population as large as 145 million, Magnesium West just gave it away. Let's just have fun, haha. To be honest, even a few group armies may not be able to take it." The market is likely to open to the east without any effort, which is not a good thing. "

Everyone couldn't help but smile at each other. Now the two feathers of the big goose are starting to fight. When Magnesium West targets Big Goose to increase its strength, Magnesium West's companies have withdrawn one after another. Big Goose can only find Dongfang to replace him, and Dongda can just take over. live.

And Dongda will never let Big Goose's economy collapse, because this itself is not in the interests of Dongda, and Big Goose must not fail.

Magnesium Western capital and enterprises withdraw from the big goose market, and Dongda will immediately replace them.

The main purpose of Fang Hong's visit today is to prepare the major subsidiaries of Qunxingxing, especially those that can compete in the big goose market. Next, they must be prepared to enter the big goose market.

Once it is turned on, if you slow down, your friends and business colleagues will be the first to get there. You can't get up early to catch the late market. There are a lot of people in Dongda's family now!

…