My Fintech Empire

Monday, May 17th.

Affected by the major negative impact of the weekend, the SGX market opened this morning, and the call auction stage triggered the flight of countless funds regardless of cost.

The most important funds fleeing are obviously those investors who have taken advantage of leverage and engaged in over-the-counter capital allocation.

Some retail investors are also running away. In the past, many retail investors used various channels to increase leverage. After seeing the information released by the Singapore Exchange on weekends, as long as illegal funds enter the market, even small retail investors will face a three-year ban from the market. penalties, and the money earned will also be confiscated.

This is a great deterrent to Xiao San. If he suffers from the tragedy of Xi Ti Xiao Black Room for three years, when it comes out, the market may have reached more than 30,000 points. After all, God K has already let the word out, then what? Isn't it a solid step into the air?

When the bidding ended in the morning, the NSE 50 Index directly opened the largest gap in history. With the opening price of 14,323.44 points, it opened at a huge gap of -12.66%, directly breaking through the two integer marks of 16,000 and 15,000 points.

In terms of individual stocks, there are nearly 2,300 stocks in the SGX market, and 1,297 stocks have opened a one-word limit.

Today has set a new historical record. It is the first time in more than five years since the opening of the SGX that 1,000 shares have fallen below the limit.

Moreover, this is still the 20cm level limit, and for a while, the market is panicking.

Fang Hong did not go to Qunxing Group today. He watched the opening of the SGX market at home for a while and then stopped paying attention to today's stock market.

The strategy has been set, and this trend is within his expectations, because the leveraged funds that had previously poured in were frightened by the news of the weekend, and they would all flee today regardless of the cost.

But it is also a real reversal to pick up people. Fang Hong is not worried about things going wrong, because the 12 trillion that has harvested the power of short sellers is ready. The original plan is to use the profits from harvesting short positions to underpin the market and pay for the whole market. .

Without this backing fund, when the previous profit order is realized, the plate will definitely be smashed into an A-kill shape.

And as soon as the bidding results came out, everyone was so panicked that they would kill directly.

When the market opened at 9 o'clock, the NSE 50 Index fell further, and the 14,000-point mark was also lost. The NSE 50 Index plummeted by more than 2,000 points within the day.

Funds were fleeing like crazy, with net outflows exceeding 200 billion in just half an hour.

At around 9:42, the number of stocks on the SGX-ST stock market that had dropped to the limit had expanded to 1,622, and individual stocks had dropped to 13,913.85 points, a drop of more than -15%. The SGX 50 index was almost close to the limit.

[Run, run, it’s spicy! Spicy pills Spicy pills! ]

[The mad bull is over, it came in a rage and it leaves in a rage. ]

[The car is reversed to pick up the iron guys... (manual funny)]

[There is an extremely huge lock-up of 12 trillion yuan above 15,000 points. Who can relieve them? It feels like 16721.76 points is really the highest in the universe. ]

[Terrible, scary to death, this kind of killing trend. ]

[God K, the city is in danger, help quickly! ]

[What should I do? I invested heavily in the New Certificate 50 ETF last Friday and lost 150,000 in one fell swoop...]

[How to get up before, how to get down now. ]

[If you believe that the K-shen market can reach 20,000 or 30,000 points, then just hold the stock and wait for it to rise. Even today is a good opportunity to add positions. If you don’t believe it, then you should leave the market with this K-line today. . ]

[Why do some people always think that the universe is the best? Back then, when the NSE 50 index exceeded 3,000 points, some people said that the universe was at its peak. When it exceeded 5,000 points, some people said that the universe was at the top. In March last year, when it reached more than 6,700 points, some people also said that the universe was at the top. Without exception, they were all slapped in the face. ]

…

Just when the index dropped to 13913.85 points, the decline stopped, and a large amount of funds took over the buying orders, so that the market index did not hit the lower limit.

Obviously, the super main force "paid" the order, but the funds used to pay the order were the wealth that had been harvested from short positions before.

At the same time, technical players also took action at this time, because the oversold situation was too serious. When the market started to rebound, a lot of funds did enter the market to buy the bottom.

The NSE 50 Index began to rebound, and at the same time, many stocks that were stuck at the lower limit began to rise.

Around 10:46, major market software pushed messages:

[The NSE 50 Index regained the 14,000-point mark, and the current turnover exceeds 1.2 trillion]

In the next hour, the NSE 50 Index continued to rebound, reaching a maximum of 14861.88 points, narrowing the decline to -9.37%. Many funds were sold during the rebound, mainly individual investors.

Because individual investors in the SGX market have a single T+0 opportunity, that is, they can sell once after buying on the same day, so they are much bolder. If the situation goes wrong, they can sell in time and still have the opportunity to run away. .

The index did not continue to rebound and recover. After rising to 14861.88 points, it fluctuated for ten minutes.

Because the super main force did not continue to take action, because Fang Hong’s task for his trading team was to hold on to 13,500 points, and take over at this position.

The funds for on-site gaming saw that they could no longer move, so they had a bad premonition, but they still waited for a while, until about ten minutes later, they found that the index time-sharing line had not moved up, so the bottom-buying funds began to use single T The chance of +0 started to run away.

So, the market index rose and fell, and turned to fall again around 12 o'clock, fluctuating downward all the way.

At 15 o'clock in the afternoon, the New Securities 50 Index plummeted -14.92% to 13952.42 points, and the turnover of the SGX market shrank to 3510.7 billion. Everyone saw that today's volume was 1.89 trillion less than last Friday.

With such a serious reduction in volume, everyone felt that there would be a sell-off, and the pessimistic atmosphere in the market became even stronger.

Many people thought that the market would explode tomorrow.

But the trend of the second day was far beyond the expectations of the bearish pessimists, who thought that the New Securities 50 Index would definitely open with a huge gap down on Tuesday, and the best expectation was to open 8 points lower, and most people thought it would open 10 points lower.

As a result, when the results of the auction opening on Tuesday came out, the New Securities 50 Index only opened 0.8 percentage points lower. Although it fell for a while after the opening, the maximum decline did not exceed 2 percentage points, and it stopped falling when it fell to 13682.51.

The market even turned red and rose at one point, and the market also showed a narrow range of fluctuations.

At the end of the day, the SGX 50 Index showed a green cross star K line, closing down -0.68% at 13857.22 points. The SGX market had a full-day turnover of 4.02 trillion, an increase of 518.3 billion compared with yesterday.

In the next three trading days of this week, the SGX 50 Index began to rebound and successfully stood above the 14,000 point mark.

This surprised those who judged the trend of A-killing. They did not expect that the SGX market's ability to carry on was so strong, and there was no A-killing.

Only the previous shorts were bleeding in their hearts, that was all my money! I was using my money to support your plate!

However, because the plunge on Monday was too shocking, the rebound now made many people dare not easily act, because they could not figure out whether it was really stabilized or bulls were trapped. After all, there were tens of trillions of densely locked plates standing guard above 15,000 points.

…