My fintech empire.

Chapter 1398 [Already has market pricing power]

In fact, the fact that brokerage firms’ performance is not bad was not mentioned today, nor was it discovered today. In fact, many people have been talking about this as soon as we entered the second half of this year, and many investors have ambushed brokerage stocks based on this logic.

But it’s useless. What can we do if the price doesn’t go up?
Moreover, since the recent October holiday until Thursday this week, the securities sector has plummeted during this period, with the sector falling by more than 10 percentage points in the short term. Especially on October 17, when thousands of stocks hit the daily limit, the securities sector suffered a collective sell-off, with the entire sector falling by more than 10 percentage points.

This is very despairing. The performance is obviously not bad. Compared with the current position of brokerage stocks, it is in the historical lowest valuation range. But it just won’t rise and keeps falling.

On the other hand, in the SGX market this year, the SGX 50 Index has been rising continuously, reaching new highs one after another. It has either reached a new high or is on the way to a new high. It has been rising again and again in the bull market for almost three years.

Those who had been lurking in the securities sector early on felt very uncomfortable. After a long time, they could not stand such torture any more and ran to the SGX market to play.

However, today, when rumors came out that many stars were massively increasing their holdings in major brokerage stocks, and the day before yesterday, a central bank, two associations and three other bodies spoke out simultaneously, this sector that was originally disliked by everyone seemed to have become a hot commodity overnight, and the previous logic was once again brought out and hyped.

……

After the weekend, it was Monday, February 10th.

The A-share market opened as scheduled in the new week. Stimulated by a series of good news over the weekend, the three major stock indexes opened higher today. After the opening of the Shanghai and Shenzhen stock markets at 9:30, the securities sector opened higher and closed higher, triggering a frantic rush of funds in the market, and securities stocks set off a daily limit surge.

At around 10:53, the securities sector saw a rare increase in the daily limit, with all securities stocks hitting the daily limit. The insurance sector also rose by more than 8 percentage points in the afternoon, and the banking sector also rose by more than 5 percentage points.

All three major trading markets strengthened today, with large volume increases. Both the Xinzheng 50 Index and the Shanghai Composite Index rose by 10 points today. The Shanghai Composite Index also stood above the 300-day average price line in one fell swoop, and nearly stocks hit the daily limit.

From the market perspective, brokerage, insurance, matrix quantum and its industrial chain sectors have the highest growth rate. None of the three major trading markets have fallen today, showing a trend of overall growth. The trading volume of the three major markets has also increased significantly, and the trading volume of the Shanghai and Shenzhen stock markets is expected to exceed 4000 billion today.

On the SGX market side, Matrix Quantum surged today and formed a long positive line. Before the opening, the market value was 6.89 trillion. At 13:22 in the afternoon, it hit the daily limit and the market value soared to 7.579 trillion, just within reach of the previous high.

If the previous $5500 billion aerospace industry order from the rich man in Sat pushed Jiuzhou Blue Arrow all the way to the 2 trillion market value mark, then the recent $1000 billion order from the rich man puts Matrix Quantum in the same position as Jiuzhou Blue Arrow. If the rich man wants to build the largest storage and computing integrated data center in the Middle East, how can he do without Matrix Quantum?

However, although Matrix Quantum hit the daily limit in the afternoon, it exploded at around 14:40 and did not close at the daily limit.

The size is too big and the order is too small.

What was the market value of Jiuzhou Blue Arrow before the surge? What is the current market value of Matrix Quantum? The former was more than 8000 billion before the surge, while the latter is close to 7 trillion. Moreover, the contract orders of the two differ by five times, the former is 5500 billion US dollars, and the latter is 1000 billion US dollars.

Although Matrix Quantum did not hit the daily limit today, it did not plunge after the daily limit was lifted. Instead, it maintained a sideways movement in a high range of 8 percentage points. It is true that it is too big, but it is also a major positive.

After 15 p.m., the A-share market closed as expected, and the three major stock indexes all showed long positive lines with large volume.

The SGX 50 Index rose by +3.23% to 4430.40 points; the Shanghai Composite Index rose by +4.09% to 2654.88 points; and the Shenzhen Component Index rose by +4.89% to 7748.82 points. The three major markets had a total turnover of 14759 billion, of which the SGX market once again returned to the trillion-yuan market, with a turnover of 10539 billion today, and the Shanghai and Shenzhen markets were 1973 billion and 2247 billion respectively.

In addition, it is worth mentioning that the Xinzheng 50 Index also repaired the downward gap created on October 10, the day when thousands of stocks hit the daily limit, but the Shanghai and Shenzhen indices did not. Although it rose more than the Xinzheng 11 Index today, on October 50, the day when thousands of stocks hit the daily limit, the Shanghai and Shenzhen indices fell too sharply, and thousands of stocks hit the daily limit basically in the Shanghai and Shenzhen stock markets.

In the coming days, the New Securities 50 Index will enter a period of adjustment, and the K-line trend will begin to form a wedge-shaped consolidation. It is certain that it will not reach a new high this year.

The securities sector in the two neighboring cities was activated, and experienced a reversal rather than a rebound. In the following month, it maintained a strong bullish trend, fluctuating upward all the way, and the trading volume gradually increased, attracting more and more funds.

It has to be said that today's Qunxing Capital's influence on the A-share market is self-evident, and it has in fact already possessed the market pricing power.

To put it bluntly, whatever industry or sector Qunxing Capital is optimistic about, that industry or sector will take off.

Vice versa, if people are pessimistic, the market will plummet. The performance of the brokerage sector in the past two days is the best example. The performance was obviously not bad, but it kept falling all the way. As a result, it was reported that Qunxing Capital increased its holdings of brokerage stocks, and the sector took off directly.

……

After signing another $1000 billion contract with the rich man in Sat, the cooperation between the two sides is being promoted in full swing. Relevant enterprises and units are also sending employees to Sat to build a basic aerospace industry system for the rich man step by step.

Jiuzhou Blue Arrow directly dispatched more than 800 relevant technical personnel to Shat to establish a branch in the local Liad.

After consultations between the two sides, it was finally decided to build a space launch center in Jizan City, located in the southwest of Shat near the Red Sea, and to make it the largest commercial space launch center in the Middle East, and also the largest commercial launch center in the Islamic world.

After completion and official operation, it will provide commercial space services to the entire Middle East or the Islamic world.

The launch center was located in Jizan because it is the southernmost part of Saat.

The closer to the equator, the greater the linear velocity. The Earth's maximum rotation linear velocity at the equator reaches 465.1 meters per second. The closer the launch center is to the equator, the more it can use the power of the Earth's rotation to increase the initial flight velocity and increase the rocket's carrying capacity.

In addition, "Jizan" is located close to the sea and has the conditions to build a port.

Rockets are bulky things, and land transportation is inefficient, costly, and hinders traffic. In addition, most of the land of the rich in Sat is desert, and the infrastructure, especially road facilities, cannot be compared with those of the great Eastern countries. Therefore, sea transportation is definitely the most appropriate.

As for the safety issue, this is not a problem at all. No one dares to move. This is not the confidence of the rich people of Sat, but the confidence of Todai.

Because the cooperation with the rich is carried out in the form of joint ventures, anyone who dares to destroy these aerospace industrial facilities is destroying the legal assets of Dongda overseas.

Although Jizan is almost next to us, and Tuhao has some grievances with Husai brother, it is impossible for Husai brother to go to Jizan to cause trouble, because Husai brother's eldest brother is Yilang, and Da'e and Dongda are almost all Yilang's eldest brother.

Then it can only be the West, but they dare not mess around with such things because there is a military presence of the East in the port of Jibuti, not far south of Jizan.

……

(End of this chapter)