With the passage of time, the heat of the sudden black swan event on the SGX has gradually faded, although the process is tortuous and there have been several twists and turns, but the final result has greatly exceeded the market's expectations.

Investors' confidence in the future of SGX has never been greater.

The CSI 50 index also rose steadily in mid-to-late May, and on Monday, May 23, the CSI 50 index closed up +1.85% at 1,526.96 points.

Not only did it return to the 1500-point mark again, but it also made up for the gap of the previous all-time high "island reversal", and it is already close to breaking through the all-time high of 1575.05 points and hitting a new high.

At the previous emotional freezing point, when the New Stock Exchange 50 Index fell to 1156.52 points, almost everyone thought that 1575.05 points was the top of the universe, but the result was that they never expected that it would take only about a month for this index to come to an all-time high again.

Since the previous plunge, the SGS 50 Index has gone from a low of 1156.52 points to its current closing price, with a cumulative gain of +32.03% in less than a month.

The low point of 1156.52 has also become a super gold pit, and those who dare to buy the bottom at that time are properly earning hemp in May, even if the front is set at a high point, and those who have not cut meat have now achieved a return on their capital.

SGX also disclosed a new blockbuster data, more than 77% of the investment accounts on the exchange turned losses into profits in May, of which 1.3% of investment accounts doubled their profits this month.

This authoritative data shows that although the vast majority of investors experienced a sharp decline last month, they still made the majority of money in the end, more than two-thirds, which is unique in the big A.

It also shows the violent fluctuations in the market some time ago, even if there were many shareholders who cut meat before the sharp fall, but when the price rose sharply, most of the shareholders also chased back to make up for the previous losses, and a small number of people who dared to buy the bottom at that time made a lot of money.

In addition, the WeChat stock is particularly eye-catching, the first trading day after May Day, the new 50 index once again staged an exponential limit, the stock was ST on the same day and released a huge amount, but the day was steadily sealed the limit, and until today, May 23, fifteen trading days since the stock out of the 15 boards, although the ST shares limit is only 5 percentage points, but the 15 boards out of the cumulative increase of +97.98%, basically doubled.

.76 yuan per share, the market value returned to the trillion mark, to 1,248.7 billion, not far from the record high of 1.36 trillion.

The stock was cut in half before, and we all knew that the fault was not in this company, and its fundamentals had not changed in any way, and it belonged to the target of being wrongly killed.

Although it was ST, but a good company is still a good company, after the crisis of the SGX was lifted, WeChat's stock price was also repaired without accidents, and so many funds lined up to grab the chips released by the passive reduction of the new stock 50 ETF fund on the day after the holiday.

We all know that this is giving money, which is comparable to the red envelope market.

With the announcement of this blockbuster data by the SGX, the market pulled back the next day, and the SGS 50 index fell below the 1500-point mark, but this is an expected adjustment, and the SGX disclosed data that so many people have made money and accumulated huge profits, and some people feel that this is the moment to cash, so the market has pulled back.

But this is an extremely normal adjustment, we don't think it will fall sharply, now the market confidence is so strong, the systemic risk has also been lifted, the shareholders of the main board of the two cities next door are still coming in a steady stream, and there are more and more SGX theme funds raised outside the market, and these funds will enter the market later.

All in all, the current SGS 50 index does not have any factors for a big fall.

In fact, after only two days of correction, it rebounded and regained the 1,500-point mark again on May 30.

During this period, the SGX market was booming, with a large number of shareholders abandoning the main board and pouring into the SGX market through the SGX 50 Index, while the main boards of the two cities next door were under huge liquidity pressure.

The new 50 index has returned to the 1500 point mark, and the main board index next door has fallen below 2900 points, and has not recovered until now, let alone 3000 points, when the new 50 index rose in the relay, the main board index in the same period has been more than 2850 points of shock.

Is there any pressure next door? It's stressful!

During this period, the average daily trading volume of the SGX was above 170 billion, while the Shanghai Composite Index market in the same period hit a new volume, and even the daily turnover shrank to less than 120 billion.

The number of people playing on the main board next door is decreasing with the naked eye, while the SGX is like a market, and shareholders have rushed to it.

You must know that a considerable proportion of the incremental funds absorbed by SGX are siphoned from the main board next door, which shows that if there is no pressure next door, it is impossible.

There is no one to play on the main board, and sooner or later it will fall into a crisis of liquidity depletion.

Another data has also been verified from the side, the financing balance of the two cities has fallen below 820 billion, a new low since November 28, 2014.

Finally, at the end of the month, in the face of such great pressure, the two cities next door finally made some changes, and the Shanghai and Shenzhen stock exchanges officially issued new rules for the suspension and resumption of trading of listed companies.

Has there been any change? Sort of! Has there been any change? Basically nothing!

It's changed, but it doesn't feel the same.

Shareholders said: Very good, believe in K God, and invest in the new index.

In the face of the crisis of market liquidity, it finally ushered in real good news on the last trading day of the month. On May 31, the central mother carried out a seven-day reverse repurchase operation of 120 billion yuan in the open market to alleviate the problem of tight market liquidity.

In addition, the market has also produced five or six positive news in succession.

On the last trading day of this month, the main board index next door has been suppressed for a long time, and finally ushered in an outbreak, from the disc point of view, after a continuous narrow sideways, the Shanghai index market also has the need to choose the direction, today finally volume up to break through, while making up for the gap left on May 9, short-term rebound established.

The A-share market opened this morning, the Shanghai Composite Index basically opened, and the major sectors such as financial stocks and rare earth permanent magnets collectively broke out, driving the Shanghai Composite Index to soar all the way to 2900 points. At the opening of the afternoon, the Shanghai Composite Index continued to attack, standing at the 2,900-point mark at about 13:20, and the Internet financial sector and the new stocks all ushered in the rising tide, and then the two cities continued to rise.

The main board of the brokerage sector rose nearly 8 percentage points, this sector since last year's adjustment, has fallen too badly, in anticipation of good, today is also ushered in a strong rebound.

The market once thought that the SGX should be under pressure to adjust again, after all, it has accumulated huge profits in the short term, and it has reached the pressure level of the historical high, on the other hand, the two cities next door are relatively in a lower position, and the SGX should flow out some funds to the main board to buy the bottom, at least short-term funds should do so.

However, the strength of the SGX exceeded market expectations, and the next door broke out today, rising sharply, but the SGX market rose even more fiercely.

……

(End of chapter)