My fintech empire.

Chapter 1428 [5000 points! The entire market is boiling]

We are still competing with the Beijing-Mei capital market for global capital liquidity, so there is no reason to suppress foreign investment.

Almost everything has two sides. Short-term international hot money is not without positive effects. The influx of short-term hot money will also make long-term patient capital anxious, because the overall share of the SGX market given to foreign capital is limited.

Patient capital must be anxious when seeing the share decreasing. Perhaps SGX will be able to further expand the overall share of foreign capital in the future, but the question is how many years it will take?

What if SGX keeps this share? What if it is five years from now or even longer? How high is the SGX 50 Index now? How high will it be in five years?

There are too many uncertainties in this, and capital hates uncertainty.

It can be seen from this that short-term international hot money can also drive long-term patient capital to rush to buy shares to a certain extent, which can better impact the liquidity of the magnesium stock market. Short-term hot money also has its value and can be utilized.

In any case, the current P/E ratio of the SGX market is high, and with foreign capital pouring in, there is no such thing as bottom fishing or picking up cheap chips.

……

The next day, Tuesday, August 2th.

The SGX 50 Index closed with a doji K-line today, reaching an intraday high of 4977.50 points, and closed up slightly by +0.04% after the market at 4947.37 points, basically maintaining a positive close. However, today's transaction volume further broke the record, with the SGX market trading volume increasing to 11942 trillion throughout the day.

Not only did it maintain a trillion-dollar transaction volume in a single market for two consecutive days, it also broke the single-day transaction record.

On Wednesday, the Xinzheng 50 Index still closed with a red cross K-line, and the amplitude narrowed, but did not set a new high. It closed up +0.22% on the day at 4958.08 points. The trading volume shrank, but still maintained a trillion-dollar market transaction, with a total daily turnover of 10606 billion.

On Thursday, February 2, the SSE 21 Index rose again and set a new historical high. At around 50:13 p.m., the increase expanded to +45%, reaching a high of 0.68 points.

Just when everyone thought that today was going to be history and the SSE 50 Index was going to break through the 5000-point mark, it actually rose and fell at this point.

The SSE 50 Index failed to hit 5000 points and its decline dragged down the two neighboring markets.

Because not long ago, the Singapore Exchange published a meeting minutes on its official website, which talked about how to effectively maintain the financial market, effectively prevent and resolve financial market risks, and mentioned the issue of leveraged funds entering the market.

When various funds in the market saw this situation, some funds chose to withdraw to avoid risks, and they had already accumulated a lot of profits.

At this time, the management of SGX raised the issues of leveraged funds and off-market financing. Some funds felt that the market might fall in the short term due to the management's deleveraging, and chose to avoid risks.

The Xinzheng 50 Index not only rose and then fell, but also turned green in the late trading and fell to near the 5-day average price line.

As of the closing, the three major stock indices all rose and fell out of the upper shadow line. The SSE 50 Index closed down -0.34% at 4943.03 points; the Shanghai Composite Index closed down -0.34% at 2751.80 points; and the Shenzhen Component Index closed down -0.26% at 8451.71 points.

The total transaction volume of the three major trading markets was 17185 billion, of which the SGX market was 10998 billion, which was an increase compared to yesterday. This is the fourth consecutive trading day that the SGX market has maintained a single market transaction volume of one trillion, and it also set a new record of a single market transaction volume of one trillion for multiple consecutive trading days.

Last year, when the New Stock Exchange 50 Index broke through 4500 points, the transaction volume also exceeded one trillion yuan, but it did not break one trillion yuan continuously.

……

In the evening, there was a piece of news that was good for the big financial sector. The Securities Association of China issued an opinion on tax and fee reduction measures in the capital market, which attracted the market's attention to the securities sector and was interpreted as a positive policy ignition.

The next day, Friday, February 2nd.

At the opening of the morning session, the securities sector did not open sharply higher due to last night's news. It only opened higher by +0.85%, and then rose to +2.26% before falling back. It even turned green at around 10 o'clock.

This is because the adjustment range of securities companies yesterday was too large, and the increase of more than 4 points once fell back to near the zero axis. Today, funds have adopted a more conservative strategy.

In terms of overall market sentiment, the three major stock indexes opened flat and fluctuated in the morning. They were relatively calm before 10:30. The Xinzheng 50 Index also fluctuated narrowly along the zero axis to -0.25% below the water level.

After 10:30, when the Xinzheng 50 Index was still oscillating near the zero axis, the Shanghai Composite Index, which was also oscillating underwater, began to oscillate upward, showing a unilateral and mild upward trend.

Because the securities sector began to gradually strengthen, the increase expanded to 11 percentage points around 4 o'clock, and the insurance sector also started to rise.

The big financial sector drove the Shanghai Composite Index to rise steadily and turned positive in the early trading.

Judging from the trend in the early morning, the Xinzheng 50 Index was weaker than the two neighboring markets today.

When the afternoon session opened, the three major stock indexes rose steadily until 14: p.m., when the entire market exploded, especially the big financial sector, which exploded across the board, and the securities sector which was forced to rise all the way.

At around 14:32 in the closing period, the entire securities sector index hit the daily limit price, setting off the 28th daily limit surge in the sector's history. More than 50 stocks in the big financial concept sector hit the daily limit. After the securities sector as a whole hit the daily limit, it not only boosted insurance stocks, but bank stocks also followed suit in the closing period and contributed to the rise.

The Xinzheng 50 Index rose even more sharply after 14 p.m. in the closing session, directly surpassing the Shanghai Composite Index in terms of intraday gains and also reversing yesterday's upper shadow line.

Just now, a piece of super-big news has been heard in the market, but because it takes time for the news to spread, most investors don’t know about it yet.

But those who are well-informed already know that just this afternoon, the authorities held the 13th collective study session on improving financial services and preventing financial risks.

The senior official delivered a speech when presiding over the collective study, clearly pointing out that finance is an important core competitiveness of the country and financial security is an important part of national security.

It further emphasized that finance should serve the real economy and meet the needs of economic and social development and the people. A vibrant financial sector leads to a vibrant economy; a stable financial sector leads to a stable economy. A prosperous economy leads to a prosperous finance; a strong economy leads to a strong finance. The economy is the body and finance is the blood, and the two coexist and prosper together.

The content of the speech at the collective study session was leaked, and as the news spread, it was first learned by various institutions and large funds, which immediately triggered a surge in the large financial sector.

This speech is very important. Finance is the lifeblood, and it has never been emphasized so much before.

It is particularly worth mentioning that the SGX registration system pilot project was singled out for praise by superiors during the collective study period, which fully affirmed and highly praised the development of the SGX.

Good guy!
All kinds of funds in the capital market are going crazy!

The Xinzheng 50 Index continued to rise after 14 p.m., and some funds did not care and continued to increase leverage and margin financing against the trend.

Around 14:36, major market software pushed messages:
[The New Securities 50 Index continued to rise in late trading, with the increase expanding by +1.59% to 5022 points, reaching the 5000-point mark for the first time, setting a new historical high]

Investors in the A-share market witnessed history at this moment. Hundreds of millions of shareholders witnessed the New Stock Exchange 50 Index historically reach the 5000-point mark. The entire market was in an uproar. A few days ago, people were still saying that 5000 points was not a dream and 1 points was just the beginning.

Now the dream has really come true, and the New Stock Exchange 50 Index has really reached the 5000-point integer mark.

Moreover, the market was still fluctuating upward in the late trading session. Without hesitation, the funds were confirmed today. Under the stimulation of the emphasis on "finance is the lifeblood", off-market funds accelerated their entry into the market. No matter what leverage fund issues the SGX market talked about yesterday, leverage is now necessary. We have already missed the opportunity. How can we not leverage?

In short, the current market bulls have gone crazy, and the three major trading markets have formed a rare unified force, causing the three major stock indexes to rise unilaterally today in a short squeeze trend.

……