Chapter 1610 [New trading rules implemented, volume explosion]

Friday, November 6.

The last trading day before the implementation of the new rules, today the SGX 50 Index opened high again, reaching the 8400-point mark with an opening price of 8404.56 points, opening higher by +0.61%.

However, at 9 o'clock, the market opened with a unilateral decline, and the opening price became the highest price today.

The SGX 50 Index lost three integer levels of 8400 points, 8300 points and 8200 points in succession during the trading session, and fell to 8181.75 points, a drop of more than 2 percentage points.

Yesterday's market was full of excitement, and today's auction opening was also a direct high, but it plunged after the opening.

This trend is because the next trading day is the day when the new trading rules of the SGX market will be implemented. The index has been rising to a record high in the past few days because of this expectation, and the implementation of the new rules next Monday is interpreted by the market as the realization of short-term benefits.

Therefore, after the high opening today, many funds, especially short-term funds, began to cash in profits and withdraw, which led to the unilateral decline of the index at the opening, but it stopped falling after it dropped to -2.05% near the 5-day average price line.

Because the mysterious super main force funds are taking over the market's selling pressure to support the bottom and prevent the 5-day line from breaking. If there is no super main force to support the bottom, today will really be a good cashing out and the market will pull back.

But this time, the Star Group harvested 3.13 trillion US dollars overseas, of which one-third of the total capital flowed back to more than 7 trillion, of which 5 trillion will be taken out to enter the SGX market as a reservoir.

Fang Hong has made a clear task to push the SGX 50 Index above the 10,000-point mark within the year, so today it cannot be interpreted as a good cashing out and the market will pull back.

The SGX 50 Index dropped to -2.05% and stabilized. At about 13:20 in the afternoon, the super main force began to exert its strength. The SGX 50 Index gradually moved away from the 5-day moving average and continued to rebound upward. The decline continued to narrow all the way, and successively recovered the 8200 and 8300 points.

Near the end of the trading day, it was close to turning red, but it finally fell back.

The SGX 50 Index finally closed down -0.31% after the market, at 8327.55 points. The turnover of the SGX market further increased to 1315 billion, an increase of 87.2 billion compared with yesterday.

…

After the weekend, it was Monday, November 9.

Today, 160 million stockholders of the A-share market are all focused on the SGX market, including Fang Hong, who took time out to watch the market for a while.

The SGX market will officially implement the new trading rules today. From today, institutional transactions in this market will adopt T+1, while individual investors or retail investors will adopt single T+0.

With the arrival of the call auction, the super main force directly made a strong move and started to do long in the auction stage.

The final result of the auction was that the Xinzheng 50 Index opened at 8413.40, jumping up +1.03%. Not only did it open more than 1 percentage point higher in the call auction, but it also set a new record high in the opening price.

"Oh my god? What's going on? It's a bit beyond expectations. What about the bad news that was promised?" At this time, a stockholder who was watching the market muttered in surprise. This was a bit different from everyone's prediction. It was generally expected that there would be a short-term correction, and it might have to step back to the monthly line. There should be strong support at the lowest point of around 8,000 points.

The funds that realized profits yesterday did not mean that they were bearish on the Xinzheng 50 Index. Now no one will easily be bearish on this index for a long time. Those who are bearish only look at the short-term correction judgment. Those who sold their chips yesterday thought that they would bottom out after a short-term retracement of around 8,000 points.

As a result, it rebounded directly yesterday. Those who sold at that time did not want to buy again. Unexpectedly, they sold out and opened higher today in a new high.

At 9 o'clock, the SGX market officially opened.

The SGX 50 Index directly went out of the barefoot yang, opened high and went high, and hit high, with both volume and price rising.

Because the super main force is rich and powerful, it can directly pull up and take up any selling orders. Other investors saw such a strong force and were forced to sell. The funds that sold out yesterday had to buy in at this moment.

At around 10 o'clock, major market software pushed the message:

[The SGX 50 Index continued to rise, and the increase expanded to +2.11%, standing on the 8500 point mark for the first time]

"Damn, buy it!" A retail investor finally couldn't help but chase the high after seeing this trend. After entering the market, he couldn't help but curse secretly: "Damn! I shouldn't have hesitated at the end of yesterday's trading!"

At this moment, more and more off-market funds could not help but enter the market.

Today's trading volume is extremely exaggerated, especially for retail investors, who are generally participating in the buying and selling transactions in the SGX market.

Because retail investors' stock accounts in the SGX market are a single T+0 trading mechanism, there is another chance to sell after buying today, which is equivalent to a chance to regret. If you think you bought the wrong one, you can stop the loss on the same day to prevent the loss from expanding.

Therefore, the courage of the majority of stockholders to chase high prices has suddenly increased a lot. At worst, they can use the opportunity to sell at that time.

This also makes the trading activity on the market unprecedentedly prosperous. The trading volume is the best and most intuitive data feedback. At around 11:15, major market software pushed a quick news:

[The current trading volume of the SGX market has exceeded the 1 trillion mark]

"What the hell? It's not even 11:30 yet, and the transaction volume has exceeded one trillion today?" At this time, a stockholder was surprised to see this news. After a moment, he immediately thought of buying securities. He quickly switched to the securities sector and saw that the securities were rising rapidly.

Obviously, he was not the only one who thought of this. The new trading rules of the SGX market were implemented today, and the transaction volume soared sharply, which emotionally stimulated the abnormal movement and rise of the securities sector.

However, this stockholder wanted to find a brokerage stock to intervene at first, but then gave up. Then he wanted to chase the securities ETF, but also gave up, because whether it is a brokerage stock or an ETF, it is in the next market, which is a T+1 mechanism. If you buy it today, you can't sell it. If it plunges in the afternoon, you can't get away. After all, the scumbag attributes of brokerages are obvious to all.

But soon, this stockholder found an intervention variety. He entered the trading code 513090, which was Hong Kong G Securities ETF. This variety is a T+0 trading mechanism, and you can buy and sell it today.

At this time, the ETF had just stepped back to +2.55%. The stockholder decisively intervened. In the afternoon, it once rose to 5 percentage points, and then it went sideways for an hour or so. He also stopped when he saw the good, and then arbitrage 2.27 percentage points and withdrew.

At that time, the securities sector exploded in the afternoon. Guolian Securities hit the daily limit during the trading session, and Guangfa Securities and Zhongjin Company also closed the board. Among them, the newly listed securities company Zhongjin Company went out of the second consecutive board, and it has nearly doubled in 6 trading days after its issuance and listing.

At around 13:00 in the afternoon, major market software pushed the news again:

[The current transaction volume of the SGX market exceeds 1.5 trillion]

When all the stockholders saw it, they all shouted, "Wow, this is going to exceed the 1.6 trillion transaction record set by the wave of market in July. Everyone saw that it was just past 13:00 and there were still 2 hours of trading time before closing. The SGX market must be breaking the record of the largest single-day transaction volume in history.

At this moment, if we can hit another 100 billion in volume, we can break the record. There are still nearly 2 hours of trading time, which is enough to break the record.

At around 13:41, major market software pushed the message:

[The current transaction volume of the Singapore Exchange exceeds 1.62 trillion, breaking the record of the largest single-day transaction volume in history! ]

When investors saw that the transaction record was broken so easily, there was still more than an hour before the closing, and the market was still rising with volume at this time, everyone was shocked. Could it be that today the Singapore Exchange market will create a new record of 2 trillion in transaction volume alone?

…