My fintech empire.

Chapter 1321 [Hundreds of millions of investors are excited]

It is Friday, January 1, the last trading day of the week. Before the market opened, there were two new faces on the top ten list of popular stocks. Their stock names are "Bionic Power" and "Jiutianxing Network". These two star-clusters companies officially landed on the SGX and were listed today.

The market value of Jiutianxing Network's issuance is 1875 billion yuan, and the market value of Bionic Power Company's issuance is 1220 billion yuan. They are the two largest stocks among the newly listed stocks so far this year, and both are large-cap stocks with a market value of hundreds of billions of yuan.

At 27.36am, the SGX market opened, and the two stocks opened higher by +33.73% and +% respectively during the call auction phase, with no price fluctuation limits on the first day of listing.

The trading atmosphere in the SGX market is so active that the A-share market is far ahead of the rest. The unilateral upward bullish trend it has presented at the beginning of the new year has made countless investors excited and fearful. Except for some novices who have just entered the market, the old investors who have experienced the catastrophic market are really afraid of the rise.

This kind of bull market is very similar to the epic leveraged bull market in 2015. At least there should be a correction. I am really worried that there will be a collapse later if the market soars one-sidedly.

After today's close, the New Securities 50 Index rose another 1 percentage point, closing up +1.02% at 3373.44 points, continuing to set a new historical high.

The Shanghai and Shenzhen stock markets saw mixed gains and losses. The Shanghai Composite Index closed up +0.38% at 3487.86 points; the Shenzhen Component Index closed down -0.21% at 11296.27 points.

In terms of trading volume, today's volume has again reached trillions of yuan, with the three major markets totaling 12426 trillion yuan, of which the SGX had 7011 billion yuan and the Shanghai and Shenzhen stock markets totaling 5415 billion yuan.

The performance of the Shenzhen Stock Exchange has clearly fallen behind, because the small and medium-sized start-ups that have been struggling are located in the Shenzhen Stock Exchange, and it is difficult for the Shenzhen Component Index not to be dragged down. The reason why the Shanghai Stock Exchange has performed quite well is that the current trend of "big is beautiful, core assets" is blowing, and institutions are blindly flocking to large-cap, blue-chip stocks.

Bionic Power and Jiutianxing Network, which were listed on the SGX today, closed up +77.52% and +49.36% respectively, with a market capitalization of 2165 billion and 2800 billion respectively. If nothing unexpected happens, these two large-cap stocks with a market value of over 50 billion will definitely become constituent stocks of the SGX Index in the future.

……

After the weekend, on Monday, January 1, the A-share market ushered in the first trading day of the fourth week of the new year.

The Xinzheng 50 Index rose for five consecutive days today and closed up +1.17%. The index reached a new level and stood above the 3400 point mark. The market closed at 3413.07 points, truly setting new historical highs every day.

However, in terms of trading volume, the SGX market shrank to 5862 billion today.

This side is still maintaining the momentum of "rushing northward", while the Shanghai and Shenzhen stock markets next door have seen some changes today. In the morning, the Shanghai and Shenzhen stock markets retreated slightly and continued to rise. The Shanghai Composite Index successfully broke through 3500 points, led by the coal and steel sectors. Subsequently, small and medium-sized start-up stocks, mainly in the GEM, rose strongly. The Shenzhen Component Index also hit a new high in the afternoon, showing a pattern of Shanghai being weak and Shenzhen being strong.

After all, small and medium-sized enterprises have fallen badly, so a technical rebound is not excessive.

However, the market has not paid too much attention to small and medium-sized enterprises. People are now paying more attention to the New Securities 50 Index and the Shanghai Composite Index. After today's closing, the absolute value of the two indexes has narrowed to less than points.

Judging from the current situation, the Xinzheng 50 Index is very likely to surpass the Shanghai Composite Index in absolute terms this week. This will definitely be another historic moment.

……

Tuesday, August 1th.

As soon as the A-share market opened today, the actual market trend proved that the performance of small and medium-sized enterprises yesterday was just a flash in the pan, and they have fallen apart today.

The strongest performance among the three major trading markets was the SGX market, which opened half an hour earlier. The SGX 50 Index opened slightly higher and then fluctuated higher without any retracement after opening.

In about half an hour, the New Securities 50 Index rose by more than 2 percentage points, rising above 3490 points, just within reach of the 3500-point mark.

"No way! This is crazy! It's really going up like crazy! It's only 2 points? Is it going to pull out a big positive line?" A retail investor stared at the trend of the Xinzheng 50 Index with a dull face: "Could it be that today it will reach 3500 points, or even surpass the absolute value of the Shanghai Composite Index?"

At this moment, the Shanghai and Shenzhen stock markets have officially opened. The Shanghai Composite Index seems to be unwilling to be outdone. It has been rising strongly since the opening, and has continued to rise under the leadership of the banking sector, seemingly unwilling to be surpassed by the New Securities 50 Index.

Billions of A-share investors are watching these two major indexes, and the Xinzheng 50 Index is clearly performing more aggressively.

At around 10 o'clock, Xingyu Technology launched an upward attack, pushing the intraday increase to 6 percentage points. Soon after, major market softwares pushed news flashes:
[Xingyu Technology rose by more than +6%, the stock price hit 36.57 yuan/share, the market value exceeded 10 trillion for the first time, and the current transaction volume exceeded 580 billion]

The market was shocked. The search volume for Xingyu Technology's trading code and stock name on major market software also rose sharply. Countless investors saw the breaking news and rushed to watch. The stock's popularity index also quickly soared to the top of the list.

An investor stared at the intraday trading screen of Xingyu Technology and exclaimed: "A market value of 6.4 trillion, my god! According to the current exchange rate of 1.57, it is converted into US dollars, which is trillion US dollars..."

Then he quickly input a stock code, which was Apple, the current No. 1 stock in terms of market value. He glanced at Apple's latest market value and couldn't help smacking his lips: "Holy crap! Xingyu Technology's market value is equal to the sum of two Apple's market values. It's really amazing!"

The market quotation shows that Apple’s current market value is 7833 billion, making it the largest stock in the U.S. by market value.

Since being surpassed by Star Technology for the first time and becoming the world's largest stock by market value, Apple has not only failed to overtake, but the gap between the two has become increasingly larger. Although Apple's performance has set new highs in the past year, the company's stock price has hardly risen.

It was because of the expectation of the "return of the king" of Xingyu Technology's STAR5 that suppressed Apple's performance. In May last year, the entire technology circle was rumored that STAR5 was coming at Xingyu Technology's summer new product launch conference. At that time, Apple's investors were so scared that they quickly sold their stocks, causing the company's stock price to fall.

Later, the MIX headset was revealed at the press conference, and Apple’s stock price began to recover.

However, the release of the MIX headset by Xingyu Technology brought two pieces of news to Apple investors, one good news and one bad news.

The good news is that it’s not STAR5, which is a relief.

The bad news is that the technical capabilities of the MIX headset are far ahead of others in the world. From the side, if Mingxingyu Technology releases STAR5, it will definitely be a big hit.

This has brought unprecedented pressure on Apple, and has also been reflected in the capital market. The company's stock price has hardly risen in the past year, even though its performance and profits have hit new highs. The extremely unfavorable expectation hanging over Apple's head is like a sword of Damocles.

Because Apple's main growth point comes from the Greater China market, and this achievement was made without strong competition from the STAR series, investors have this expectation, and the stock price has been suppressed and has not dared to break through the trillion-dollar market value until now.

Xingyu Technology's stock price surged, pushing the New Securities 50 Index to a new record high. Just as the company's market value broke through the 10 trillion mark, major market software had just pushed this news for less than a minute, and immediately pushed another flash news:
[The New Securities 50 Index continued to strengthen, with the increase expanding to +2.7%, standing above the 3500 point mark]

Hundreds of millions of investors were extremely excited, saying that they were witnessing history today. Not only did Xingyu Technology break through the exaggerated market value of 10 trillion yuan, but the Xinzheng 50 Index also historically stood above the 3500-point integer mark. At the same time, the Shanghai Composite Index was 3525 points, and the two are now only 20 points apart.

The New Securities 50 Index only needs to outperform by another 0.57 percentage points to surpass it. At this moment, nine out of ten people who are watching the market are paying attention to the trends of these two indexes, wanting to witness this historic moment with their own eyes.

……

(End of this chapter)