Chapter 1662
Chapter 1690 [Completely irrational surge]
Just as the market trading volume exceeded one trillion, the SGX 50 Index rose and fell, and began to plunge.
The profit-taking funds saw such a huge amount of money released, and finally couldn't help but start to sell and realize profits, so finally ushered in a large-scale cash-out and selling wave.
In fact, as early as last Friday, the first divergence should have come, but at that time, the brokerage firm's large-scale downtime caused everyone to be unable to trade normally. Originally, the volume began to increase last Friday. Normally, it would definitely refresh the record of the largest single-day transaction volume in history. As a result, because of this kind of thing, the final transaction volume was locked at 1.9 trillion.
There should have been a divergence last Friday, and today's opening was another surge. Many people's chips in their hands had a floating profit of nearly 1.5 times in just 5 trading days. Seeing the huge amount of money released at this moment, they also followed the shipment and ran away to take the money.
The current market situation in the SGX market is a scene that no one has ever seen in their lives, let alone experienced. It is impossible to predict how the market will go in the future, so it is better to take the money.
As a large amount of profit-taking funds fled, the SGX 50 Index fell all the way. At the same time, with the release of huge amounts of money, it fell back to 13509.68 points in about half an hour after the opening, and the increase narrowed to +1.69%. However, there was a strong buying support near 13500 points, and it could not fall at all.
Because the super main force was guarding this position, it could easily take over any selling orders.
The off-market funds that rushed in at the opening, especially many retail investors, were also confused when the SGX 50 Index fell. They were panicking. In ten minutes, they lost seven or eight points. Those who bought and fell could not withstand such a large fluctuation, so they sold them quickly.
In the current SGX market, retail individual investors have a single T+0, which means that there is another chance to sell on the same day.
The market's trading volume is so terrifying, and it is precisely because of the single T+0 trading mechanism.
However, after a half-hour pullback, the SGX 50 Index strengthened again, because off-market funds were frantically buying the bottom, and foreign capital was also buying crazily. At this moment, the net purchase of foreign capital has soared to 115.3 billion.
In addition, on-market holders are also switching between high and low. After selling at a high in the early trading session, they wait for the first round of market divergence to appear and then buy again.
Under the huge fluctuations in the market, some stockholders with high levels use the opportunity of single T+0 to arbitrage and expand their profits. Some people can even make more than 50 points a day.
In the current price limit range of ±20% and the single T+0 trading mechanism in the SGX market, if a retail investor has the first-hand chips in hand, theoretically, he can achieve a maximum return of +170% within the day, and a maximum return of 1.7 times without leverage.
That is, if the chips in hand are sold at the limit of +20%, and then the single T+0 mechanism is used to eat two more ground and ceiling boards, a super high return of +170% can be achieved within the day.
Because if you hit a 20% limit, you will get a 50-point profit.
For example, if you bought a stock for 100,000 yuan on the previous trading day, and the stock was sold at the limit today, it would be 120,000 yuan. If you buy the next stock and it hits the limit, it will become 180,000 yuan. Then, with the single T+0 mechanism, the funds bought today have another chance to sell. 180,000 yuan is cashed out and the next stock is bought again, and it will become 270,000 yuan, which adds up to a +170% profit.
Even if there is no first-mover advantage, just buy, sell, and then buy again on the same day, the theoretical maximum profit can also be +125%, that is, hit two limit, buy 100,000 yuan and earn 50 points to become 150,000 yuan, sell and then buy the next stock for 150,000 yuan and hit the limit 50 points to become 225,000 yuan.
However, this is only the theoretical limit profit. In actual conditions, it is basically impossible for anyone to hit such a limit profit.
Especially in the current market, there is no stock falling in the entire market. Even if it is diving now, no stock turns green and falls. However, there are still people who took advantage of the first divergence of funds to make T operations and made a big profit of 40 points, 50 points or even 60 points today.
Just as the SGX market was experiencing a huge plunge, the two neighboring markets also opened as scheduled at 9:30.
The main board indexes of the Shanghai and Shenzhen stock markets opened sharply today, and they opened low and then plunged. This trend is directly related to the SGX market. The reason is that all the funds went to the SGX to buy the bottom. Today, the SGX did not force a short squeeze, and ushered in the first wave of major divergences.
Previously, following the surge was originally due to the SGX. A few days ago, the SGX market was forced to force a short squeeze, and the funds that missed the opportunity could not buy it, so they turned around and went to the two neighboring markets. Now that the SGX market can buy chips, the funds of the two neighboring markets will naturally be siphoned over.
At 9:53, all major market software pushed out news:
[SGX market turnover exceeded 2 trillion, breaking the fastest turnover record of 2 trillion]
"Oh my God!! 2 trillion turnover in less than an hour? Everyone has lost their minds! 2 trillion in an hour, and there are still 5 hours before the closing. How big a number of transactions will be today?"
A retail investor who was watching the market was dumbfounded at this time. It was not just him. At this moment, everyone in the market was shocked and couldn't close their mouths.
After a few minutes, the financial brokerage sector next door took off again after diving, which also helped the market index to stop falling and rebound. Some funds went to buy brokerage stocks. The SGX market had such a terrifying transaction volume, which was definitely good for brokerage performance.
At the same time, the first round of divergence of the SGX 50 Index ended, and the index began to rebound upward in a V-shape. At the same time, individual stocks in the entire market generally showed a V-shaped trend.
The real-time data of the New Hong Kong Stock Connect shows that the current net purchase amount of foreign capital has expanded to 157.2 billion, and the number is still soaring rapidly.
Foreign capital is also rushing to buy, buying everything, really buying everything. As long as it is a stock in the SGX market, there are foreign capital buying it crazily. After the first major divergence ended, the market entered a short squeeze again.
However, the trading volume has slowed down. When everyone saw this situation, fewer and fewer people were selling, and the turnover was also reduced, and the volume also slowed down. However, this is also relative to the sky-high volume in the morning. In reality, the trading volume of the SGX market is still so terrifying.
Around 10:16, a new stock that was registered and listed on the SGX today became popular. It was the only new stock on the SGX market today. At this moment, it has ranked first on the popularity list of individual stocks, and its popularity is extremely high.
This new stock is Feisheng Technology, a software development company, with an issue market value of 2.753 billion yuan, an issue price of 55.06 yuan per share, and a total share capital of 50 million shares.
For new stocks registered and listed on the SGX market, there is no limit on the price increase or decrease on the first day of listing, and there is a limit on the price increase or decrease on the second day.
The opening price of Feisheng Technology's stock was 496.43 yuan, an increase of +801.61%, which directly doubled 8 times at the opening, and the market value soared to 24.821 billion. Needless to say, the market value of this company is definitely not worth this price.
If it were in normal times, the listing would be more than doubled, but Feisheng Technology's stock was lucky. Not only did it hit such a super market, but it was also the only new stock listed today. There was so much money in the market like happy beans.
After the opening of Feisheng Technology, instead of falling back, it soared straight up, reaching the price of 645.35 yuan in a few seconds, and the intraday increase soared to +1072.08%, directly increasing tenfold in one day, and did not hit the intraday suspension price, and was temporarily suspended for half an hour.
There will be two intraday suspension mechanisms for new stocks listed on the SGX market. With the opening price as the base value, the increase or decrease of ±30% will trigger the suspension. The trading will resume after half an hour of temporary suspension. With the first suspension price as the base value, the increase or decrease of ±30% will trigger the second suspension, and the trading will resume after half an hour of temporary suspension.
When the second suspension ends and trading is resumed, there will be no restrictions on the rise and fall throughout the day, and theoretically it can rise indefinitely.
Feisheng Technology resumed trading at around 9:30. In just 89 seconds, the company's stock price reached 838.95 yuan, directly triggering the second temporary suspension. At that time, the full-day increase reached +1423.70%, a surge of more than 14 times, and the market value soared to 41.947 billion.
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