Chapter 1428 [5000 points! The entire market is boiling]

At present, we are still competing with the North Magnesium Capital Market for global capital liquidity, so there is no reason to suppress foreign capital.

Almost everything has two sides. Short-term international hot money is not without positive effects. The influx of short-term hot money will also make long-term patient capital anxious, because the overall share of foreign capital in the SGX market is so small.

When patient capital sees that the share is getting smaller and smaller, it must be anxious. Maybe the SGX will further expand the overall share of foreign capital in the future, but the question is how many years it will take?

What if the SGX keeps this share? What if it is five years later or even longer? How high is the current SGX 50 Index? How high will it be in five years?

There are too many uncertainties in this, and capital hates uncertainty very much.

It can be seen from this that short-term international hot money can also drive long-term patient capital to grab chips and occupy pits to a certain extent, which can better impact the liquidity of the magnesium stock market. Short-term hot money also has its value and can be used.

In any case, the current P/E ratio and high position of the SGX market, foreign capital influx does not exist to buy at the bottom and pick up cheap chips.

…

The next day, Tuesday, February 19.

The SGX 50 Index closed with a cross star candlestick today, reaching a record high of 4977.50 points during the session, and closed at 4947.37 points with a slight increase of +0.04% after the session, which basically maintained a red market closing, but today's trading volume further broke the record, with the SGX market trading volume reaching 1194.2 billion throughout the day.

Not only did it maintain a single market trillion-dollar transaction for two consecutive days, it also broke the single-day transaction record.

On Wednesday, the SGX 50 Index still closed with a cross star red candlestick, and the amplitude narrowed, without setting a new high. It closed up +0.22% on the day, at 4958.08 points, and the trading volume shrank, but it still maintained a trillion-dollar market transaction, with a total trading volume of 1060.6 billion throughout the day.

On Thursday, February 21, the SGX 50 Index rose again and hit a new record high. At around 13:45 in the afternoon, the increase expanded to +0.68%, reaching a high of 4991.88 points.

Just when everyone thought that today was going to witness history and the SGX 50 Index was going to break through the 5,000-point integer mark, it fell back at this point.

The SGX 50 Index failed to hit 5,000 points, and when it fell back, it also brought down the two neighboring markets.

Because not long ago, the SGX published a meeting minutes on its official website, talking about the practical maintenance of the financial market, the effective prevention and resolution of financial market risks, and the issue of leveraged funds entering the market.

When the various funds in the market saw this situation, some funds chose to withdraw to avoid risks, and they had accumulated a lot of profit.

At this time, the management of the SGX raised the issue of leveraged funds and off-site financing. Some funds felt that the market might pull back in the short term due to the management's leverage removal, so they chose to avoid risks.

The SGX 50 Index not only rose and fell, but also turned green at the end of the trading day and fell to the vicinity of the 5-day average price line.

As of the close, the three major stock indexes all rose and fell out of the upper shadow line. The SGX 50 Index closed down -0.34% at 4943.03 points; the Shanghai Composite Index closed down -0.34% at 2751.80 points; and the Shenzhen Component Index closed down -0.26% at 8451.71 points.

The three major trading markets had a total transaction volume of 1718.5 billion, of which the SGX market had 1099.8 billion, which was larger than yesterday. This is the fourth consecutive trading day that the SGX market has maintained a single market transaction of trillions, and it has also created a new record of a single market transaction of trillions for multiple consecutive trading days.

Last year, when the SGX 50 Index broke through 4500 points, it also broke through the trillion turnover, but it did not break the trillion continuously.

…

At night, the news was good for the financial sector. The Securities Association issued an opinion on tax and fee reduction measures in the capital market, which attracted much attention from the market to the securities sector and was interpreted as a positive policy ignition.

The next day, Friday, February 22.

At the opening of the morning market, the securities sector did not open sharply higher due to the news last night, but only opened higher by +0.85%, opened high by +2.26% and then fell back, and turned green at around 10 o'clock.

This is because the adjustment of securities companies yesterday was too large, and the increase from more than 4 points once fell back to near the zero axis. Today, funds adopted a more conservative strategy.

In terms of overall market sentiment, the three major stock indexes opened flat and fluctuated in the morning, and were relatively calm before 10:30. The New Securities 50 Index also fluctuated narrowly along the zero axis to -0.25% below the water level.

After 10:30, when the New Securities 50 Index was still oscillating near the zero axis, the Shanghai Composite Index, which was also oscillating underwater, began to oscillate upward, showing a unilateral and mild upward trend.

Because the securities sector began to gradually strengthen, the increase expanded to 4 percentage points around 11 o'clock, and the insurance sector also rose.

The big financial sector led the Shanghai Composite Index to steadily rise all the way and turned red in the morning.

Judging from the trend in the morning, the New Securities 50 Index was weaker than the two neighboring markets today.

At the opening of the afternoon, the three major stock indexes rose steadily until 14:00 in the afternoon, when the entire market broke out, especially the big financial sector broke out across the board, and the securities sector was forced to rise all the way.

At around 14:32 in the closing, the entire securities sector index hit the daily limit, setting off the 28th daily limit in the history of the sector. More than 50 stocks in the big financial concept sector hit the daily limit. After the overall daily limit of the securities sector, not only did it drive insurance stocks, but bank stocks in the closing period also followed suit and helped the rise.

The Xinzheng 50 Index rose even more fiercely after 14:00 in the closing period, and the intraday increase directly surpassed the Shanghai Composite Index and also reversed yesterday's upper shadow line.

Just now, the market has spread a super heavy news, but because the spread of the news takes time, most stockholders don't know it yet.

But well-informed people already know that just this afternoon, the top held the 13th collective study on improving financial services and preventing financial risks.

The senior officials delivered a speech while presiding over the collective study, clearly pointing out that finance is an important core competitiveness of the country and financial security is an important part of national security.

It also further emphasized that finance should serve the real economy and meet the needs of economic and social development and the people. A vibrant economy is a vibrant economy; a stable economy is a stable economy. A prosperous economy is a prosperous finance; a strong economy is a strong finance. The economy is the body, and finance is the blood. The two coexist and prosper together.

The content of the collective study speech was spread. As the news spread, it was first known by various institutions and large funds, and immediately the financial sector was pulled up.

This speech was too heavy. Finance is the blood, and it has never been emphasized so much before.

And it is particularly worth mentioning that the SGX registration system pilot project was praised by the top leaders during the collective study, and the development of the SGX was fully affirmed and highly praised.

Wow!

All kinds of funds in the capital market went crazy!

The SGX 50 Index exploded all the way after 14:00. Some funds did not care and leveraged and allocated funds against the wind.

Around 14:36, major market software pushed the message:

[The New Securities 50 Index continued to rise in the late trading, with an increase of +1.59% to 5022 points, standing on the 5000-point integer mark for the first time, continuing to set a new historical high]

Investors from all walks of life in the A-share market witnessed history at this moment. Hundreds of millions of stockholders witnessed the New Securities 50 Index standing on the 5000-point mark for the first time. The entire market was completely boiling. A few days ago, people were still saying that 5000 points was not a dream, and 10,000 points was just starting.

Now it is really a dream that has come true. The New Securities 50 Index has really stood on the 5000-point integer mark.

Moreover, it was still fluctuating upward in the late trading. Without hesitation, funds were confirmed today. Under the stimulation of emphasizing that "finance is the blood", off-site funds accelerated their entry into the market. No matter what leverage funds the SGX market said yesterday, they have to leverage now. They have already missed the opportunity. Can they not leverage?

In short, the current market bulls have gone crazy, and the three major trading markets have formed a rare concerted force, causing the three major stock indexes to rise unilaterally today in a squeeze situation.

…