My fintech empire.

Chapter 1467 [Friends and businessmen's jaws dropped to the ground]

At this moment, the stock price of Xingyu Technology has been fluctuating upward. At around 13:20 p.m., the intraday increase was close to 4 percentage points, and it was about to break through the early morning high and set a new historical high.

Several major market makers of the company are now selling crazily to suppress the market. They have all received the news that the early morning high cannot be broken, and in the next 15 trading days until the arrival of the short holiday, Xingyu Technology's trend will mainly be a correction.

At present, stimulated by the positive news that 8 car reservations were sold out in seconds, bullish funds are very aggressive and are fiercely attacking this stock.

Several major market makers of Xingyu Technology are now desperately trying to smooth out fluctuations and continuously releasing selling pressure, barely suppressing the bullish force in the market, but they dare not relax because the current price of Xingyu Technology is running near the early morning high.

Given the current market atmosphere, if the high point in the early trading session is broken through and a new high is reached again, a stronger bullish force will be formed to accelerate the upward attack. By then, it will be difficult to suppress it relying solely on market makers. The sharp rise in Xingyu Technology will in turn drive a sharp rise in the broader market index Xinzheng 50, and then continue to be transmitted, creating a typical leading-driven effect.

Fortunately, the trend was suppressed in the afternoon and lasted until around 14:47. The share price of Xingyu Technology remained near the early morning high and failed to break through.

When the funds saw that the pressure here was so great, the funds that had originally bought for a breakthrough decided to give up when they saw that the early morning high had not been broken through. In addition, today's trading volume was really a bit exaggerated, which seemed to indicate that large funds were selling and the market had reached its peak. Some funds in the market also decided to withdraw near the end of the trading day.

As a result, a decline occurred, and several major market makers breathed a sigh of relief, finally suppressing the bullish momentum of funds.

As of the close, the SGX 50 Index closed up +1.28% at 5787.95 points, and the SGX market's total turnover for the day was 11605 billion.

In terms of individual stocks, Xingyu Technology rose +3.55% today, closing at 58.58 yuan/share, with a market value of 16.13 trillion yuan and a daily trading volume of 2867 billion yuan. Today's volume column can be described as huge, setting a new record for the largest single-day trading volume since Xingyu Technology went public.

This volume accounts for nearly a quarter of the total transaction volume of the entire SGX market today, and is more than the entire Shanghai Stock Exchange's full-day transaction volume today. The Shanghai Stock Exchange's transaction volume today is 2862 billion, and all of it added up is still not as large as the transaction volume of Xingyu Technology.

Although the trading volume is extremely exaggerated, it is not too exaggerated compared to the stock of Xingyu Technology, because the size is there.

Xingyu Technology's current total market value is 16.13 trillion yuan, of which the circulation value is 8.55 trillion yuan. Such a large transaction volume only accounts for about 3.35% of the circulation value. The normal daily transaction volume is around 1600 billion to 1800 billion, which accounts for about 2% of the circulation value.

If a super-large-scale enterprise with a market value of 16 trillion yuan has a daily trading volume of only more than 16 billion yuan, it may seem that more than billion yuan is an astronomical figure, but in fact it is tantamount to liquidity depletion. It means that an institution can easily use to million yuan to leverage the market value of trillion yuan and influence its rise and fall fluctuations. What will happen then?

……

At the same time, outside the capital market, the popularity of the two models is still off the charts, and the fact that the first batch of 8 reservations for the two models from Xingyu Technology were sold out in seconds in the automotive circle and on the Internet has once again pushed the craze to a new height.

This caused people inside and outside the industry to be stunned, and netizens who were just watching the show could not sit still and they all watched and discussed the situation enthusiastically.

[No, you sold out this item worth hundreds of thousands of dollars in seconds? I'm dumbfounded!]
[Ah, this, this, this…]
[Buying cabbage? Why are cars worth hundreds of thousands so popular?]
[Friendly merchants must be envious.]
[I calculated that the total value of 8 cars is 347 billion yuan. You guys just sold out 347 billion yuan worth of stuff in a matter of seconds?]
[Yesterday, I just received a request from an owner of a SCN-3 pure electric car to sell it at my second-hand car dealership. Why did he have the car? Of course, he won the 4000-person Pioneer Experience Program on Saturday. He decided to sell it right after picking it up. He paid 37 yuan for the car, but the second-hand resale price was 75 yuan, which was double the price. Although it was second-hand, it was a completely new car and had been driven less than 300 kilometers.

The car just arrived at my place yesterday morning, and yesterday afternoon it was bought by a man in seconds, more than double the original price, and he took it away today. And he paid in full, without taking out a loan, and he said he didn't want to wait any longer.

It has to be said that Xingyu Auto users are indeed very rich, very, very rich.

A SCN-38 sedan that is 3 more expensive than the official price, I bought it at 75 just to avoid waiting and sign the order right away! ]
[Fuck, this guy is really rich, he’s willing to buy a car worth 37 yuan for 75 yuan…]
[Buy early and enjoy early.]
[This is really awesome. It seems that this car has a higher value retention rate than I thought.]
[Seeing this scene where the item was sold out in seconds, and seeing that the guy was willing to spend 75 to buy a SCN-37 just because he didn’t want to wait, I finally realized that it was really my problem that I couldn’t afford the SCN-3. I was really hurt… (crying with my hands covering my face.jpg)]
[Mr. Qin priced these two models at 37 to 50 yuan, which is a huge loss. In my opinion, adding 20 yuan to each is just a waste of money.]
[The recognition is really high! ]
[The SCN-3 is priced at 37 yuan. This price range is really ruthless for this model. Even if it is sold at 50 yuan, it is estimated that it will still be a situation of ruthless killing.]
[New car-making forces, fuel-powered cars, and joint venture cars were all ruthlessly crushed! ]
[I feel that the only thing that can restrain the rampant killing of these two cars is the production capacity. If I were a competitor of Xingyu Technology, the moment I saw SCN-3 and SCU-3, I would definitely feel that the sky is falling. What's the point of playing with the market trade... (tearful smile.jpg)]
[I just went to the bathroom and came back to place an order. Wow, 8 units were sold out in seconds. I was shocked.]
[The debut is the peak, worthy of Xingyu Technology.]
[When will the second batch of reservations be opened? Please open it quickly, I haven’t placed an order yet!]
……

There are 8 units of the two models in total, and they were sold out in seconds after the pre-order was opened. This scene stunned countless people, and when friendly companies and peers saw the news, their jaws almost dropped to the ground.

Because Xingyu Technology opened the reservation, there is a rule that car owners who reserved with full payment can arrange vehicle delivery first. As a result, car owners all want to arrange vehicle delivery first, and all 8 vehicles are reserved with full payment. This is why competitors were so shocked when they saw it.

Why is it so popular?

Many people are now analyzing and interpreting this. One of the views that is more widely accepted by the market is that the two models launched by Xingyu Technology are "too cheap." The cheap here does not refer to the price itself, but that most car owners feel that the actual value of the car far exceeds its selling price. Even if the SCN-3 pure electric car is sold for or yuan, everyone thinks it is not expensive and is worth the price.

Consumer recognition is really high!

At present, Xingyu Technology’s production capacity is not sufficient to achieve large-scale delivery. Qin Feng even said that the earliest large-scale delivery can be achieved is the second half of next year.

In other words, from now until nearly a year in the future, these two models will be in short supply. There are a lot of people who want to buy them, but it is difficult to get one. It must be that things are scarce and expensive, and the second-hand market will definitely see transaction prices far exceeding the official guide price.

There has already been a case where an SCN-3 pure electric vehicle was sold for 75 yuan.

On the one hand, there are wealthy people who want to get the car early and enjoy it early, and on the other hand, there are people who want to buy it and then sell it to make a profit. It is not surprising that 8 cars were sold out in seconds after full payment.

……