Chapter 1181 [You don’t choose but you are chosen]

When investors from all walks of life saw this news, they also realized that the SGX stabilization fund must be launched forcefully. They also knew that the other 500 billion market-related entities must be released. Failure to do so would mean that they would not want to play in this market. , you don’t have to give up participating in this market.

And there is nothing wrong with it. This money should have been provided by the state, but as a result, the local governments took over this part of the money. Instead, the SGX served companies from all over the country who came to be listed.

According to the announcement details disclosed by the SGX, of the 500 billion contributed by relevant market entities, specifically 300 billion will be collected from relevant entities participating in the SGX market, and 200 billion will be allocated to investors who voluntarily purchase.

In other words, retail investors can subscribe for this 200 billion if they are willing, but they may not be able to make money because it is non-profit and the purpose is to calm market fluctuations and stabilize the market.

What is certain is that the relevant entities that want to stay on the SGX will definitely be more willing to place shares, because the placed part is not only your asset, but also may not lose money, and may even make money.

Just after the SGX disclosed this major announcement, Stars Capital also released a formal announcement. Regarding the SGX stabilization fund, Stars voluntarily placed 100 billion, and the stipulated collection part will be calculated separately.

The eldest brother directly takes the lead and sets an example, and his actions are extraordinary.

The outside capital did not find it too surprising, and even thought it was a reasonable thing. At the same time, they also understood that if you want to play in this place, you must pay this amount of money.

As for not coming to play, that can't be done. Anyone with a discerning eye has already seen it. Thousands of stock investors are "moving" from the main board next door to the SGX. This is also true for people outside the exchange. More and more Christians prefer SGX theme funds.

It is better to change careers than to give up this field. This is the general trend. You are not choosing SGX, but you are chosen by SGX.

Suddenly, stabilization funds became the hottest term in the capital market, and SGX jumped on the bandwagon. The first stabilization fund in the mainland stock market was born on SGX. Shareholders have also started a heated discussion about this. Regarding the establishment of a stabilization fund by the Singapore Exchange, the majority of retail investors are in favor of this matter, with almost overwhelming support.

This is the super main force of SGX, another major anchor and ballast of SGX. Moreover, it is a non-profit organization and is close to open market operations.

The stock investors also turned into pressure monsters. As soon as this incident came out, they started shouting at the main board next door.

Take a look at how the SGX operates. You really can’t copy homework, right? You should know how to do it, right?

The motherboard next door: No cue!

One phenomenon worth noting is that there has been a big change in the mentality of Big A's investors, and this change is reflected in their growing indifference to the main board next door.

Because times have changed, they really have changed.

Today's stock investors think that the worst possible thing is to go to the SGX to play. In fact, this is indeed the case, so many stock investors now have a fun-loving mentality.

…

By the next day, Wednesday, June 15th.

Driven by the good news about stabilization funds, the SGX opened today. The SGX 50 index opened higher in early trading. After the opening, it opened higher and moved higher, directly repairing the big negative correction the day before yesterday.

Not only did it quickly regain the 1,600-point mark within twenty minutes, the increase expanded to +4.7%, but it also broke through the previous high of 1,653.53 points and set a new all-time high.

Investors who hold the New Certificate 50 ETF have truly felt a sense of happiness and gain since the beginning of this year. Although they experienced twists and turns some time ago, all of them have now disappeared.

The SGX 50 Index continues to reach new highs all the way north. The current average price-to-earnings ratio of the SGX has reached 72 times, surpassing the GEM Index and becoming the market with the highest price-to-earnings ratio in the A-share market.

Although many people feel that the P/E ratio is too high, some investment institutions are also afraid of high prices.

However, in Fang Hong's eyes, the current price-to-earnings ratio of the SGX is still undervalued. Strictly speaking, the price-to-earnings ratio of the SGX 50 Index is about 65 times.

In a sense, it is time to get back the value that Big A has lost over the years. The SGX, which has shouldered the historical mission, will naturally do its part, and the country's industrial transformation and upgrading must be driven by a large number of technology-based enterprises. Industrial transformation The success of the upgrade will inevitably depend on asset prices. These companies are listed on the SGX, which will definitely reflect the SGX 50 Index's long-term growth.

In addition, Fang Hong needs to break some of the superstitions he has had over the years, break the unconfidence of A-share investors, and break the mentality of anchoring the North American capital market. Only by breaking these can he establish his own pricing power and step out of independence. Valuation system strategy.

If investors observe carefully, they will find that there is no saying that the NSE 50 index must make up for any shortfall. There is a gap at the bottom of 800 points, a big gap at 1100 points, and a big gap at 1300 points, including more than 1500 points today. There is a gap at the point position.

Those who think that the NSE 50 Index will be like the main board index next door, must make up for the shortfall in recent years. No one dares to imagine that the NSE 50 Index will dive in to fill the 800-point gap at this position.

Not to mention the 800-point gap, even the 1,300-point gap is difficult to cover. Now that the SGX will soon have a stabilization fund, it will be even more impossible.

The first superstition that Fang Hong wants to break is that every shortfall in the stock index must be made up. Those who still believe that the gap must be made up in the SGX market must be extremely regretful for being short.

…

Time has entered mid-to-late June, and the NSE 50 index has continued to rise amid shock adjustments. From a technical analysis, looking at the daily K-line during this period, the NSE 50 index has developed a trumpet pattern in the range above 1600 points and below 1700 points. , or the K-line pattern of a divergent triangle.

This kind of K-line pattern is the opposite of the convergence triangle, which means that the fluctuations are relatively amplified, that is, the high points hit new highs but the low points also hit new lows. The shape is like a trumpet.

Generally speaking, if you follow the trend of the divergent triangle K-line graphic, you will earn more if you follow the correct rhythm. On the contrary, if you follow the wrong rhythm, you will lose more. It is a relatively difficult market to grasp.

On Monday, June 27, the NSE 50 Index surged +2.91% with a heavy volume of 261.6 billion that day, directly reaching the 1,700-point integer mark, and closed at 1,716.37 points after the market closed, setting another record high.

The market has reached this point, judging from the daily K-line chart, it has reached the upper track pressure line of the divergent triangle. If we follow this technical chart, there should be a callback on the next trading day. There are also some short-term traders who choose to reduce their positions and pick up when they are ready for a callback. return.

However, those who reduced their positions soon realized that their judgment was wrong, because the market did not pull back the next day, but chose to continue upward after breaking through the 1700 point mark and continue to hit new highs, which also means that the technical pattern of the divergent triangle has ended. .

In the following two trading days, the NSE 50 Index continued to close positive and rose by +1.18% and 1.07% respectively, locking in a record high of 1736.65 points after the market opened.

Investors participating in the SGX market are all filled with joy brought by a sense of gain. Even those who stood guard at the previous stage high point of 1575.05 points will not be able to hold on during the subsequent black swan event leading to a sharp decline. Now not only has the capital been repaid, but also a profit of 10 points has been earned.

If you had bought the bottom at 1156 points, which was the gold pit that plummeted at that time, you would have made a huge profit of 50 points now. Since the historical bottom of 780.15 points, the NSE 50 Index has hit a cumulative increase of +122.60%, even if it started from 1000 points. The annual K-line, which has been rising in value, has also experienced a cumulative increase of +73.66%.

The bull market trend of SGX has also further accelerated the "de-retail investorization" of the main board next door. The army of retail investors will not play with you and go to the SGX market to play.

Investors have been clamoring that the market cannot rise. The violent market fluctuations are due to the fact that there are too many retail investors in this market. They have cut off the leeks of retail investors and left them with the blame.

I have been clamoring for retail investors, and now I have got my wish. This time, retail investors have eliminated themselves without the advice of experts.

…