Chapter 1414 [SGX delivered a brilliant report card]

The SGX market was launched in early 2016, and as of today, it has officially been three years old. The SGX 50 Index has achieved three consecutive positive days in three years.

In the first year, the cumulative increase was +98.39%; in the second year, the cumulative increase was +46.57%, this year, the cumulative increase was +46.52%, and the cumulative increase was +326.08% in three years. The SGX has been in operation for three years, and has become the market with the highest return on investment in major global capital markets during the same period.

The birth of the SGX market has also become the market with the longest bull market in the history of the A-share market, and it is still in a bull market.

Compared with the two neighboring markets, this year's A-share market can be described as a world of ice and fire.

As of the closing of the last trading day, the total market value of the neighboring Shanghai and Shenzhen stock markets was 43.36 trillion yuan, a year-on-year decrease of 8.74 trillion yuan. The total market value of the SGX was locked at 56.83 trillion yuan, an increase of 18.93 trillion yuan over last year's 37.9 trillion yuan.

Last year, the total market value of the A-share market was 90 trillion yuan. Although the market value of the Shanghai and Shenzhen stock markets shrank by 8.74 trillion yuan this year, the performance of the SGX was too outstanding. While the two neighboring stock markets were seriously lagging behind, the total market value of the A-share market was raised to a historic trillion yuan mark for the first time, reaching 100.19 trillion yuan.

Even if the market value of A-shares broke the trillion yuan mark, it is still at least 20 trillion yuan less than this year's GDP.

The SGX market soared sharply, and some individual stocks did blow up a lot of bubbles, but overall there was basically no bubble, and the main bubble-blowing companies in the SGX market were the big guys in the galaxy, and these big guys are constantly creating huge value and filling the bubble.

In contrast, during the same period, the market value of magnesium stocks this year was fixed at 37.59 trillion US dollars, while the GDP of magnesium stocks this year was estimated to be around 20 trillion US dollars, which is still mixed with a lot of water. Even if it is not a little water, the GDP of magnesium stocks this year is 1.759 billion US dollars higher than the GDP of magnesium stocks, and the market value of the stock market is 1.87 times its GDP.

The stock market of magnesium is about 258 trillion yuan in RMB. The economic volume of both sides has been reduced to less than 3 trillion US dollars this year. Even if it is denominated in US dollars, it is basically a gap of equal strength. However, the stock market of magnesium stocks is 1.57 times more than that of the A-share market. In fact, if the garbage in the two cities next to the A-share market is squeezed out, it is not 1.57 times but more than 2 times.

In other words, if the A-share market is compared with magnesium stocks, it is undervalued. If the SGX market is compared with the magnesium stock market, it is even more seriously undervalued.

Of course, the stock market bubble of Lao Mei is as big as the sky. Although Fang Hong also supports the SGX market to blow up a certain bubble, it will not be as outrageous as Lao Mei. But in general, the SGX market is still far from its ceiling.

In addition, the annual turnover of the three major A-share trading markets in 2018 was 40 trillion yuan in the Shanghai Stock Exchange, with an average daily turnover of 164.6 billion yuan; the annual turnover of the Shenzhen Stock Exchange was 49.7 trillion yuan, with an average daily turnover of 204.5 billion yuan; the annual turnover of the SGX market reached 165.5 trillion yuan, with an average daily turnover of 681 billion yuan.

The annual turnover of the three major trading markets exceeded 255 trillion yuan, setting a new record for A-shares.

From these big data, it can be seen that the performance of securities companies this year will not be bad, but securities stocks have been falling all year.

It was not until late October that it was reported that Qunxing Capital once again increased its holdings of securities stocks that it took off for a while. The securities sector rose by more than +51% in the month from October 19 to November 19.

However, in the next month and a half, the +51% increase fell back by half, because Qunxing Capital did not increase its holdings in large quantities after December, and chose to sell off due to the rich short-term profit-taking, and there was also selling pressure caused by the release of some locked-in shares.

Up to now, the number of listed companies in the SGX market is 1,531, and the number of newly registered and listed companies has decreased again, falling for two consecutive years. This year, a total of 392 companies have achieved initial public offerings and registration and listing in the SGX market, with a total financing scale of 263.4 billion yuan, and an average financing scale of 672 million yuan per company.

In contrast, 105 companies were listed in the Shanghai and Shenzhen stock markets next door this year, with a total financing scale of 137.8 billion yuan, and an average financing scale of 1.313 billion yuan per company. These companies almost took nearly twice the money of companies registered and listed on the SGX, but the decline was terrible.

The SGX market only listed more than 600 companies in the first year of its opening, and the number has decreased year by year in the next two years, and it is likely to decrease further next year.

There were so many companies listed in the first year, and the frequency of listings in the past three years has not been low, because there is an urgent need to expand the pool.

Now the total number of listed companies has exceeded 1,500, and it has initially had the capacity of a reservoir, and the scale has also increased.

In addition, the good companies have almost all been listed. It takes time for new companies to incubate and grow, and it is reasonable that the number of companies registered and listed will further decrease. The current SGX market has the ability to metabolize itself, so Fang Hong will naturally not intervene excessively, and let the market metabolize normally.

It is worth mentioning that this year's SGX market has won a series of "top ten" achievements, such as the top ten bull stocks were all born in the SGX market, the top ten trading volume stocks were all in the SGX market, the top ten net capital inflow stocks were all in the SGX market, and the top ten most profitable new stocks were all in the SGX market...

Of course, the two cities next door have also won many "top ten" achievements, such as the top ten plummeting stocks and the top ten net capital outflow stocks are all next door.

The total market value of foreign holdings in the SGX market has reached 1358.2 billion, accounting for about 2.39% of the total market value of the SGX market.

This series of data also shows that the SGX market has in fact become the absolute face of the A-share market. Whether it is from the comparison of market value, trading activity and other data, it has completely surpassed the two cities next door.

It is no exaggeration to say that the two cities next door can still exist because of the listed companies of Guo Jia's team.

There is another data that is particularly eye-catching, that is, the SGX market continues to maintain about 70% of investors to achieve profitability, once again proving to the world that the stock market can make the vast majority of people profitable.

Data shows that investors participating in the SGX market made an average profit of more than 122,200 yuan per person in 2018, and the total number of investors participating in the market was about 150 million, totaling 18.33 trillion yuan. This year, the SGX market has increased its market value by 18.93 trillion yuan, and these two data are basically consistent.

The vast majority of retail investors invest in the SGX market through on-exchange ETFs or over-the-counter funds, but the number of individual investors in the SGX market has also hit a record high, breaking the 5 million mark.

You should know that in the first year of the opening of the SGX, less than 2 million people opened accounts, because the threshold of this market is too high for retail investors. One of the biggest thresholds is that the account assets must be 1 million yuan, and the requirement is that the holding market value must not be less than 1 million yuan for a period of time.

Why did the number of individual investors exceed 5 million this year? To a large extent, some individual investors who participated in the SGX market in the past three years have made a lot of money. These people originally had a capital volume of about 300,000 to 500,000 yuan or 600,000 to 700,000 yuan. In recent years, the money they earned in the SGX market plus the principal has exceeded the one million mark.

Once the capital threshold is met, the investor will open the rights to invest in individual stocks on the SGX. Even if the investor continues to invest in ETFs instead of individual stocks, the rights will be opened first, which is why the number of trading accounts has now exceeded 5 million.

The SGX 50 Index has risen from the initial value of 1,000 points to more than 4,200 points in three years. If an investor bought the SGX 50 ETF with 250,000 yuan three years ago and held it until now, the accumulated profit would reach +326%, and the account capital volume would also break the one million mark.

Of course, there are very few people who can hold it for three years without selling it.

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