Chapter 1418 [Rumors about new regulations cause a stir]

The next day is Friday.

Affected by the plunge of US stocks last night, the A-share market opened lower across the board today. However, the impact of the external market will only affect the opening of the A-share market at most. Some smart funds will use it to conduct reverse operations and arbitrage.

The Shanghai Composite Index fell below 2449 points in the morning, and the lowest point fell to 2440 points, hitting a new low since November 2014. The 50-point index of the New Securities fell to a low of -0.54%, and also lost the 4200-point mark, and fell to a low of 4194.73 points, but did not fall below 4188.84 points on October 19 last year.

After a one or two minute drop in the opening, the three major stock indexes began to rise and fluctuate. The 50-point index was the first to turn red, and then fluctuated near the zero axis.

At around 10:30, the bulls in the Shanghai and Shenzhen stock markets surpassed the SGX market and began to rise sharply unilaterally. The market showed that the "three financial idiots" were rising strongly, especially the securities sector was running all the way, leading the index to strengthen all the way.

There are no financial stocks in the SGX market. It is still fluctuating at +0.35%. When the two neighboring cities rose violently, the SGX 50 Index fell back.

However, the violent rise of the securities sector today was not caused by Qunxing Capital's increase in holdings of securities stocks. Qunxing bought all the way last year and bought up the securities sector index by 50 points. It has almost increased its holdings by now, and even if there is an increase in holdings later, it will not be too much.

Today's surge was due to a heavy news. The top leaders went to the inclusive finance departments of the three major banks for inspection. The leaders clearly stated that they would further reduce taxes and then reduce the reserve requirement ratio in a targeted manner. After the news came out, the big financial sector took off directly today.

In the morning, the SGX 50 Index performed generally, and the limelight was snatched by the two neighboring cities. The industry sectors of the two cities strengthened across the board, and the securities sector set off a daily limit surge.

The Shanghai and Shenzhen stock markets had a big reversal today. The opening was very low because of the impact of the plunge of the Nasdaq and the Dow yesterday, but after the opening, it opened low and went high, especially the Shanghai Composite Index, which struggled to rise all the way after 10:10 due to the explosion of the securities sector.

In terms of the increase, the performance of the two markets today was not bad, and the trading volume was significantly enlarged. Only 150 stocks fell, and the entry of large funds outside the market was also relatively obvious. The main sector that pulled up, the largest of which was the securities sector, was close to the daily limit at the highest point of the entire sector, and individual stocks set off a daily limit wave, especially small and medium-sized securities stocks.

The strength of the two cities next door was a bit beyond the expectations of investors. Many people actually thought that there would be funds to rush for a rebound after the Shanghai Composite Index fell below 2440, but they did not expect that the intraday trend would be so strong all the way.

On the contrary, the SGX market lagged behind today, and the maximum intraday increase after turning red did not even exceed 0.5 percentage points.

However, the securities sector began to weaken at the opening of the afternoon, and the index also followed the decline.

…

There are three very powerful people in the capital market, namely, sources, insiders, and authoritative people. These three people will call the market from time to time to reveal information.

At about 14:11 in the afternoon, it was reported that a source broke a very explosive news: the SGX market may issue new delisting rules.

According to the source who broke the news: the delisting mechanism under the new rules includes forced delisting and voluntary delisting. Once the delisting decision takes effect, the delisted company will be evaluated by a professional team and a market fair price will be estimated. The delisted company must repurchase the stock from public investors at the fair price, otherwise it will face severe punishment.

Once this news was revealed, the market did not react for about five minutes, and everyone was very stunned.

It was not until about 14:15 that it finally came back from the daze, and the capital market immediately exploded, followed by a general rise in the stocks of the SGX market.

Off-site funds poured in crazily, and the time-sharing line of the SGX 50 Index continued to rise without any retracement, showing a bullish squeeze.

This rumor has been widely circulated and discussed in major stock exchange groups and stock forums.

[Wow, is this rumor true or false? ]

[It has been widely circulated in the circle. According to the follow-up of previous rumors, most of them are true. ]

[Awesome 666, absolutely support! ]

[What does it mean? ]

[It means that listed companies delisted from the SGX market must also be held accountable and compensate shareholders. ]

[During the previous two bull markets, many people said that 5,000 points is not a dream, and 10,000 points is just a starting point. In the end, it was always 3,000 points. But now, it can really be said that 5,000 points is not a dream, and 10,000 points is just a starting point. ]

[To put it more clearly, it is not a dream for the SGX 50 Index to reach 5,000 points. 10,000 points is just the beginning, not including the two cities next door... (dog head.jpg)]

[I have been saying for a long time that the SGX market should make further improvements on the issue of delisting. However, for the A-share market, the birth of the SGX is historic. I thought I would have to wait for a few more years, but I didn’t expect the news to come out so soon, although it was just a rumor...]

[I have been stuck in the small and medium-sized start-ups for three years. When will it end? I am extremely disappointed with this crappy market. ]

[There are still people playing next door? They are really stubborn...]

[In the past three years, if I have cut into the SGX 50 ETF, I have recovered my investment, and maybe even made some money. ]

[The small and medium-sized start-ups next door? Things that even dogs don’t play with. Staying away from crappy stocks is the best choice. Not to mention that there is no delisting compensation mechanism, but the companies have been hollowed out long ago, and even if there is delisting compensation, there is nothing to compensate. ]

[If you don't come, the SGX 50 Index will break 5,000 points. I'll wait for you at 5,000 points... (manually funny)]

[SGX is the future, no doubt. ]

……

As a rumor about "SGX's new delisting rules" spread like wildfire, the SGX 50 Index rose unilaterally in the afternoon, showing a short squeeze trend on the market, and the trading volume rose sharply.

OTC funds are obviously rushing into the market, and the net inflow of foreign capital has also soared, easily breaking through the 30 billion mark.

The SGX 50 Index also recovered the 4,200 point mark in one breath in the afternoon and strongly recovered the 4,300 point mark. This rumor undoubtedly greatly boosted the confidence of market investors.

From a technical perspective, today the SGX 50 Index fell to the low point before October 19 last year. This position itself has support, and now it has taken off directly with the help of news-driven.

The SGX 50 Index, which had been lagging behind the Shanghai and Shenzhen stock markets, also overtook them in the afternoon. In addition, due to the sensational news in the SGX market, funds flowed into the market. Some funds that should have flowed to the two neighboring markets also entered the SGX market, and some funds even sold their stocks and ran to the SGX market.

However, the big stocks such as Universe First Bank and Zhong Petroleum successively stabilized the Shanghai Stock Exchange Index, and the index rose again in the late trading, but it could not catch up with the SGX 50 Index.

As of the close, the three major A-share trading markets all ended in the red, and all showed a bald yang.

The SGX 50 Index rose by +3.08% to 4347.20 points. The SGX market's full-day trading volume increased significantly to 833.8 billion, while yesterday's trading volume was only 575.4 billion; the Shanghai Composite Index closed up +2.05% after the market to 2514.87 points, with a trading volume of 139.3 billion; the Shenzhen Component Index rose +2.76% to 7284.84 points, with a trading volume of 183 billion.

The three major markets once again entered a trillion-dollar trading state, with a total trading volume of 1156.1 billion.

…