My fintech empire.

Chapter 1447 [Announcement]

The holders of these five stocks left messages in the comment section wailing and cursing, and as the news spread, the popularity of the stocks increased instead of decreasing after the market closed.

In the next few days, the market adjusted and consolidated amid volatility, and these five stocks, as expected, hit the limit down the next day, and opened at the limit down on the next day, Monday, June 6.

Investors holding this stock are queuing up overnight to buy it. Judging from the current situation, the stock will eventually hit the limit down.

At around 10 o'clock in the morning, something strange happened. The secretary of the board of directors of Yiou Shares responded to investors' online inquiries and stated that the rumors circulating online that the company refused to sign the supplementary agreement on the new delisting rules of the SGX were untrue and the company would sign it!
As soon as the news came out, Yiou shares, which were at the limit down, were quickly pried open by funds.

Some investors who saw the news exclaimed, "Wow! It turns out to be a market shakeout! Buy quickly, buy quickly!"
Yiou shares, which had broken through the limit down, rushed up quickly, turned red and turned to rise in just five minutes, and was still attacking further, as if it was going to hit the limit up and break through the ceiling. Several other stocks that had hit the limit down were also brought up, and they all broke through the limit and followed the rise.

Retail investors who are able to invest in individual stocks in the SGX market are generally of a good level. Due to the threshold restrictions, investors who can reach the threshold have some strength and can make money from the market.

But then again, the SGX 50 Index has been rising for more than three years. Many small retail investors could not reach the threshold before, but thanks to the SGX 50 ETF, they have reached the threshold of the SGX market and have been granted the right to trade individual stocks.

The retail investors who have opened their doors to the SGX market in the past year are generally quite inexperienced, and it is the SGX market environment that has allowed them to make money.

Among the funds that dare to gamble in Yiou Shares at this moment, many are retail investors who have just opened up their rights.

At around 10:40, Yiou shares hit the daily limit, breaking out of the ground-ceiling market.

With such a commotion, the Singapore Exchange has also noticed this company. It can basically be concluded that it is making trouble, but if the company decides to re-sign, it really has no reason to do so.

In any case, as long as the new regulations are implemented on July 7, companies already listed on the SGX market will be forced to delist according to the new regulations if they refuse to sign.

The SGX market management originally planned to ignore it, but another incident that occurred in the afternoon made the SGX management unable to tolerate it.

At around 14:37 in the late afternoon, two stocks suddenly crashed and hit the limit down.

It turned out that a short essay appeared during the trading session and circulated in stock forums and many stock exchange groups. This short essay claimed that an insider revealed that the two stocks had not signed the supplementary agreement to the new regulations.

The holders were frightened by this short essay and fled in panic, triggering a stampede of funds and causing the two stocks to suddenly crash and hit the limit down.

The SGX found that these two stocks were not among the 15 listed companies that refused to sign, and both were mid-cap stocks. Before the limit down, the market value of one was 170 billion and the other was 228 billion.

If the issuer was behind the Yiou shares in the morning, then the two mid-cap stocks that suddenly crashed and hit the limit down due to a small essay in the afternoon were investors speculating, deliberately creating panic at this critical juncture and then buying at the bottom.

The management of the SGX could no longer tolerate this incident and had originally planned to wait until July 7 when the new regulations were officially implemented.

But if there is no response, it will definitely encourage some speculators to follow suit.

In order to prevent such incidents from happening again, the SGX issued an announcement in the evening of the same day, officially announcing that the new delisting rules will take effect on July 2019, 7.

At most it will be two weeks later.

Investors from all walks of life were quite surprised when they saw the news, because it was generally predicted that the new regulations might be implemented in August or September.

However, this is not the point. The point is that the SGX also announced the signing of the supplementary agreement to the new regulations by more than 1600 listed companies. It directly announced that 1661 listed companies have signed the supplementary agreement. The 15 listed companies that have not signed the agreement are also on the list, and all 9 ST stocks are on the list.

Now some are happy and some are sad. Those holders of the two stocks that hit the limit down due to a small essay in the closing period were not scared out and even bought the dips were very excited because the company's name appeared on the list of companies that signed the supplementary agreement, which means that there is no problem with the company and it will definitely rebound tomorrow. It was wrongly killed today.

The man who was cutting the meat had a swollen thigh and was cursing in anger.

Yiou shares has broken through the limit-up trend. Those who bought the stock this morning were petrified when they saw the announcement, while those who sold their shares to cash out today felt like they had survived a disaster. Those who queued up to buy the stock but didn't get in said they were lucky to have saved their lives.

The holders of another 14 stocks were also devastated when they saw the announcement, especially the other 10 stocks, whose holders only realized after seeing the announcement from the SGX that the company had not signed the supplementary agreement.

Now that the announcement has come out, the holders of these 15 stocks have been scared and placed their sell orders in advance overnight, waiting in line for tomorrow's bidding to run away.

Refusing to sign the supplementary agreement is equivalent to a self-destructing truck. Even if there is no problem with the company itself, investors are unlikely to buy it.

Because there is a question that cannot be avoided. Why wouldn't you dare to sign if you have nothing to hide?

After the news was announced, investors have begun to vote with their feet. Those who hold these 15 stocks have placed orders to sell them at the limit price overnight. This is the choice of investors. When the market opens tomorrow, there is no doubt that the 15 stocks that have not signed the supplementary agreement on the new regulations will hit the limit price.

However, this news is undoubtedly a major positive for the entire SGX market, and it is a real benefit both in the short and long term.

In addition, 1661 listed companies have signed supplementary agreements to the new regulations. The further improvement of the market mechanism has made it even more difficult for directors, senior managers and supervisors of listed companies to act recklessly, because the cost is too high and the deterrent effect is too great. It is impossible for companies to just withdraw, nor do they dare to arbitrarily hollow out the companies or secretly transfer benefits by playing tricks such as "emptying the cage and replacing the bird".

……

The next day, Wednesday, October 6th.

Boosted by the news, the New Securities 50 Index opened at 5150.15 points in the morning, up +0.80%, and the opening price was directly above the 5-day moving average.

As expected, the 15 listed companies that did not sign the supplementary agreement to the new regulations collectively opened at the limit down, with no one to take over. There was a stampede of funds inside, and everyone wanted to cut their losses even at the limit down price. They all wanted to get out, but none of them could, as the orders on the limit down board were frighteningly large.

Those who entered the market at the ceiling yesterday are regretting their decision and are slapping their thighs. Even if they bought at the floor price yesterday, they are numb now. They haven’t lost their principal because of today’s limit down, but they all know that this stock will have several consecutive limit downs in the future. If there is another limit down tomorrow, they will start to lose their principal.

Given the current situation, it would be considered good enough to be able to cut it in half.

In sharp contrast, the SGX market entered a general rise today. The stocks that turned green and fell were these 15 stocks that hit the daily limit. The other 1661 stocks were all rising to varying degrees at the moment.

The New Securities 50 Index opened higher and continued to rise, with both volume and price rising, and the intraday time-sharing line maintained a unilateral upward trend throughout the day. Less than half an hour after the opening, the New Securities 50 Index successfully stood above the 5200-point mark and continued to maintain a strong bullish shock upward trend.

Today's trading volume is obviously rising sharply, with more off-market funds entering the market. The implementation of the new regulations is a foregone conclusion without any suspense, which has greatly boosted investors' confidence in this market.

……