At around 21 o'clock in the evening of the next day, Monday, May 2, a sudden news once again caused a sensation in the capital market.

In the evening, there were suddenly a few pictures on the Internet that went viral in the circle, and they were also forwarded and discussed by many shareholders in major stock bar forums and exchange groups.

This news is that the major shareholder who illegally reduced his holdings and cashed out WeChat shares was not only traced, but also the party was intercepted at the pass by the relevant personnel when he left the customs, and the silver bracelet was taken away on the spot.

After this news came out, the capital market was shaken, especially the directors and senior supervisors of many listed companies on the SGX-STX.

And the shareholders are all clapping their hands and applauding, praising and praising without stinginess.

At the same time, Fang Hong's personal Weibo account also appeared a large number of latest comments, many of which were apologies from various shareholders and netizens who scolded him before, they knew that Fang Hong might not see it, but they all came over to leave messages.

The reviews came back all at once.

Because the K god, who had been silent for many days, just came out and posted a Weibo, the whole incident ushered in a shocking reversal with lightning speed, which made many people firmly believe that it must be the K god who turned the tide.

Those fanatical believers are now even more convinced that although God K did not speak out because he was acting in secret, there must be a fierce struggle in it, but outsiders cannot see the process, only the result of the struggle.

And judging from the results, it is clear that God K won.

It can be said that it is not only the SGX that has established unprecedented prestige and credibility because of the recent incident, but also Fang Hong.

……

The next day, Tuesday, May 3.

The first trading day after the holiday came as scheduled, and the CSE 50 Index opened +3.13% higher at 1209.55 points in the morning call auction, directly standing at the 1200 point mark in the auction stage.

After the opening at 9 o'clock, the new stock 50 index opened further high and walked out of the barefoot long white line, and the disk showed an absolute bearish trend of bulls.

The funds that were evacuated before came back, and they all admitted their mistakes and corrected their mistakes, and they were running in groups.

Now even an ordinary small scatter knows that the new stock 50 index has come out of a once-in-a-lifetime gold pit, although some time ago after several twists and turns, once made investors lose confidence in this market.

But the end result greatly exceeded the expectations of all investors, and the confidence to rebuild it is stronger than ever.

With the passage of time, less than 20 minutes after the opening of the market, the SGX 50 Index rose by more than 6 percentage points, and still showed a unilateral rise in the short trend, more than 230 stocks on the SGX were red across the board, and none of the stocks were in the green.

At this moment, the stock market is ranked first in the list of popular stocks, and the stock has been on the cusp during this time, and investors' attention to the stock remains high.

Today, the SGX opened, and investors also found that in the list of constituent stocks of the New Stock Exchange 50 Index, the subject of WeChat was no longer there.

And after searching for the stock symbol, you can see that its name has changed to "ST WeChat", the stock was obviously processed at the speed of light, and was removed from the new stock 50 index and wore a hat ST, and will have to wear the hat of ST for up to two years in the future.

Stocks that are subject to ST will be limited to plus or minus 5 percentage points, which is the same as the SGX and the main board.

At this moment, the reason why this stock really dominates the list of popular stocks today is that the stock is exploding in history.

According to SGX regulations, the open-ended passive technology fund tracking the index will be cleared the next day, in other words, the current 5 new stock 50 index ETFs must passively liquidate their positions and hold WeChat chips.

So at the moment, WeChat's handicap is facing unprecedented selling pressure, because the on-exchange ETF is clearing the stock.

However, active funds, private equity funds and other institutions do not need to, these institutions have not cleared the stock at present, and even many private equity fund traders are still issuing orders to continue to buy the stock.

Because everyone knows that the fundamentals of this stock have not changed, this time it was a mistake to kill, and it was Ma Tan who was cut off with tears.

Now that the market crisis has been lifted, confidence has not only returned, but has also been strengthened like never before, and WeChat's share price has been cut in half during this period, turning it into a gold pit within a gold pit.

The rules are the same when the SEE 50 ETF fund clears it, and those that are not in the list of constituent stocks of the SEE 50 index must be cleared.

As a result, the amount of shareholders found that the selling pressure continued to clear at the moment, and the increase of +4.98% firmly sealed the price limit, and the stock price was fixed at the price of 28.67 yuan at the price limit.

Because there are tens of billions of orders on the price limit board at the moment, to be precise, more than 50 billion funds are queuing up to receive chips for ETF clearance.

Clear-eyed people know that if you can't get chips in this position today, you won't be able to get them in the future, and tomorrow it will be a 100% reduction in the one-word limit to repair, and it must be a continuous contraction in the one-word limit to return to the trillion market value mark.

Today, a large number of chips can be released as a result of the passive clearing of ETFs, and the person who takes the chips is equivalent to copying the bottom of the ETF, which is rare and unavoidable.

The chips of the 5 new stock 50 ETFs in the market are about 70 billion, so the full-day trading volume of the stock today will definitely exceed this number, and if it does not exceed this number, then the stock will definitely fall and close.

If a big weight on the main board is ST, what awaits behind is the continuous board limit, because no one will undertake the relevant ETF when it is cleared, and it will even escape together to cause a stampede, but it is not possible to even connect the board to fall to the limit.

However, investors from all walks of life in the market are rushing to get the chips cleared, and those with slow hand speed may not be able to get them.

……

At around 14:13 in the afternoon, the new stock 50 index rushed to 1290.09 points, and it could no longer rush up, because it had already touched the price limit.

On the first trading day of May after the holiday, the new stock 50 index once again staged a spectacular scene of exponential daily limit, which is the second time in the history of the new stock 50 index that there is an exponential daily limit, the last time was last month, the time is not far away, everyone still remembers it.

The market is boiling, and the popularity of the stock bar forum and various exchange groups is booming, and the discussion continues.

As of the close, the new stock 50 index closed at 1290.09 points, with a full-day turnover of 207.4 billion.

Among them, the stock reached a huge 76.689 billion, and such a transaction scale is also ranked first in the history of Big A, second only to Zhongguo Ping An in the long and short game last year.

……

(End of chapter)