Chapter 1615 [Tongtai Automobile's new product launch is imminent, attracting much attentio

In the next few days, November is coming to an end. After the SGX 50 Index reached the 9,000-point mark this month, it adjusted for two days and then fell back to the 5-day average price line before rising again, continuing to reach new highs.

On the last trading day of November, the SGX 50 Index opened high and went high, reaching an intraday high of 9,494.30 points, with an increase of +2.31%. However, it plunged in the afternoon and finally closed down -0.20% at 9,261.42 points. The total turnover of the SGX market reached 1.82 trillion.

If calculated based on the highest point of this month, the cumulative increase of the SGX 50 Index in November exceeded 19 percentage points. Even if calculated based on the closing price of the last trading day, this month has also achieved a cumulative increase of +16.22%.

Judging from the K-line chart of this month, the Xinzheng 50 Index almost rose unilaterally along the 5-day moving average. Every time it pulled back, it would drop to the 5-day moving average to stop falling, and then rebound again and set a new high. It was really a bull market.

…

Time has come to December, the last month of this year.

On Tuesday, December 1, the A-share market opened today, ushering in a good start in December.

The three major stock indexes have successively gone out of the market with a big rise across the board. The Xinzheng 50 Index opened low in the morning, but after the opening, it rose unilaterally throughout the day, reversed and rose strongly, and successfully stood on the 9,500-point mark.

The financial sectors such as banks and securities companies in the two neighboring cities also broke out.

It must be said that the trend of the securities sector in this life is much stronger than that of Fang Hong in the previous life. This is also reasonable, because the A-shares in this life have the new exchange, which has brought huge trading volume to the entire A-share market, and this is really good for the performance of securities companies.

Since the new trading rules of the SGX market were officially implemented on November 9, the trading volume of this market has increased significantly, especially in mid-to-late November, when the daily trading volume was above 1.5 trillion, and occasionally reached 1.7 trillion and 1.8 trillion.

This also led to the securities sector index breaking through the high point of 2015 and reaching a historical high. Since this sector hit a five-year historical low in October 2018, the cumulative increase of the entire industry sector has exceeded 3 times.

Without the SGX market, the securities sector would never have been so strong, let alone breaking through the historical high of the epic market in 2015.

As of the close, the SGX 50 Index rose by +2.61% to 9503.45 points, and the SGX market had a full-day trading volume of 1.77 trillion. The Shanghai and Shenzhen stock markets next door also closed up +1.77% and 1.90% today, respectively. The market indexes of the Shanghai and Shenzhen stock markets are about to break through the high point of the year.

…

At about 16:00 in the afternoon, just about an hour after the market closed, the first blockbuster news of December came, which quickly attracted great attention from the capital market.

It was Xingyu Technology and Matrix Quantum that announced almost at the same time that they decided to split and reorganize the company, and the matter had been passed by the board of directors and supported by the parent company Qunxing Group.

Both companies decided to separate several core businesses from each other, set up subsidiaries to operate independently and be financially independent, and the split subsidiaries will also be listed on the SGX.

The announcement of this news today was also the result of discussions between the heads of the two companies and the big boss Fang Hong.

After the news came out, it attracted great attention and heated discussions from all walks of life, especially investors holding stocks of these two companies.

What surprised investors was that everyone thought that the two companies would suspend trading after such a major announcement, but they did not, and the market will open as usual tomorrow.

Generally speaking, such a big thing as the split and reorganization of an enterprise must be suspended.

But it is also possible not to suspend trading.

The reason why these two companies did not suspend trading is also very simple. On the one hand, the announcement was just issued and has not been officially implemented. How can such a big company and such a big thing be so fast? On the other hand, the clear goal of raising the SGX 50 Index to break through the 10,000-point mark within the year is to raise these two companies to help the SGX 50 Index stand on the 10,000-point mark.

In Fang Hong's plan, after the end of this year, the news of the launch of new indexes and ETFs in the SGX market will be released at the beginning of next year. At that time, the SGX 50 Index will inevitably fall. This will definitely happen because it is really bad for the SGX 50 Index in the short term.

At that time, it depends on how much the market will react. If the decline is too severe, then the two super large-cap stocks of Xingyu Technology and Matrix Quantum will be suspended and officially enter the spin-off and reorganization.

When these two "big and small kings" were suspended, listed companies such as Jiuzhou Blue Arrow, Yixing Video, and WeChat stood up to take up the market and began to rise, stabilizing the market index. In order to hedge the "big and small kings", these stocks did not rise much in relative terms, and some were even suppressed.

But they still have to go up and cash in. The value foundation is there, and the suppression is only temporary.

It can be seen that the trend of these big tickets is the result of the game of funds from all parties in the market. This can only be said to be in the short term at best, but the overall trend and when to go up and cash in have actually been arranged by an invisible force.

With the announcement of the major news of the split and reorganization of Xingyu Technology and Matrix Quantum, the stock prices of the two companies fell back to varying degrees the next day.

Because after the split, there must be a revaluation of the value. The valuation of the whole integration and the valuation of the split into their respective industries are definitely different.

It is difficult for holders to judge, so some people choose to sell stocks and wait and see, and off-market funds also choose to wait and see, so there will be a correction.

And in the next two weeks, the New Certificate 50 Index also followed the correction for seven or eight trading days, and also fell below the 5-day moving average, once dropping to 9,200 points. This made many people who expected the New Certificate 50 Index to stand at 10,000 points within the year worry that they would not be able to achieve this goal, because they were worried that time was a bit insufficient, and the end of 2020 was just around the corner.

When it broke through 9,500 points, everyone was looking forward to it, and it was already within 500 points of breaking through the 10,000-point mark. As a result, when this news came out, not only did it not narrow the distance to the 10,000-point mark, but it widened it.

However, Fang Hong is not worried at all. The funds allocated to the SGX market this time, which are more than 5 trillion, still have 1.5 trillion in ammunition, and there is so much off-site liquidity support, so there is no problem in reaching 1 trillion.

At the same time, after entering December, the heat of the automotive industry has been raised again.

Because Tongtai Automobile Group is going to hold a product launch conference, this is another major event that is of great concern to both inside and outside the circle, and it can be said to be the focus of everyone's attention.

As the first younger brother to cooperate with Xingyu Technology and completely hand over the "soul" to Xingyu Technology, everyone is very concerned about what kind of performance it will have.

And everyone knows that the new energy vehicles to be released by Tongtai Automobile Group are aimed at the mainstream consumer market.

So many ordinary people are also very concerned. Car owners who cannot afford Xingyu Technology's four major car series products, N, U, A, and R, have long set their sights on Tongtai Automobile Group's new products that are about to be launched.

Although this car company was previously an eighteen-tier manufacturer, no one even knew about it.

But now is a different time. What everyone is looking forward to is not Tongtai, but the fact that it fully adopts the standard system of Xingyu Technology, has the professional team of Xingyu Technology to guide the operation throughout the process, and has the technical support of Xingyu Technology. Therefore, car owners also look up to it, at least they want to see what the finished car is like.

…(End of this chapter)