Investors from all walks of life from all walks of life saw the news and realized that the SGX Equalization Fund was bound to be forcefully launched, and they knew that the other 500 billion market-related entities must be released, and if they don't come out, they don't want to come to this market to play, and they can not give up participating in this market.

And I can't find anything wrong, this money should have been paid by the state, but the local government took this part of the money, but the SGX served companies from all over the country who rushed to be listed.

According to the details of the announcement disclosed by the SGX, of the 500 billion yuan contributed by the relevant entities of the market, 300 billion yuan will be levied on the relevant entities participating in the SGX market, and 200 billion yuan will be placed to investors who voluntarily buy.

That is to say, the 200 billion, if retail investors are willing, can also subscribe, but may not be able to make money, because this is non-profit, the purpose is to stabilize market fluctuations and stabilize the market.

What is certain is that the relevant entities that want to stay in the SGX market will definitely be more willing to place because the placing part is not only your assets, but also may not lose money, and may even make money.

Just after the SGX disclosed this blockbuster announcement, Qunxing Capital also issued an official announcement immediately afterward, regarding the SGX leveling fund, Qunxing voluntarily placed 100 billion, and the part that was required to be levied was calculated separately.

The eldest brother directly took the lead and set an example, and the shot was unusual.

All kinds of capital from the outside world didn't feel much surprised, and even felt that this was a reasonable thing, and at the same time understood that if they wanted to play in this field, the money would definitely have to be paid.

As for not coming to play, it can't be done, and people with a discerning eye have already seen that thousands of shareholders are "moving" from the main board next door to the SGX, including the over-the-counter people, and more and more people prefer SGX theme funds.

It is better to give up this field than to change careers, this is the general trend, it is not that you are choosing SGX, but that you are chosen by SGX.

Suddenly, the equalization fund has become the hottest term in the capital market, and the SGX can be called the pioneer of the tide, and the first equalization fund in the mainland stock market was born on the SGX. Shareholders also launched a heated discussion on this, and the majority of retail shareholders raised their hands in favor of the establishment of the equalization fund on the SGX, almost one-sidedly support.

This is the super workhorse of SGX's bright card, another big fixing star and ballast stone of SGX, and it is a non-profit institution, and it is close to open market operation.

Shareholders are also incarnated as pressure monsters, as soon as this matter came out, the backhand began to shout at the motherboard next door.

Let's see how people play on the SGX, it's really not good to copy homework, this should be done, right?

Next door motherboard: Don't cue!

It is worth noting that there has been a great change in the mentality of the shareholders of the big A, which is reflected in the increasing indifference to the mentality of the main board next door.

Because, times have changed, really changed.

Today's shareholders are big dealers to go to the SGX to play, and in fact, this is indeed the case, so many shareholders are now having a happy mentality.

……

The next day, Wednesday, June 15.

Driven by the good news of the equalization fund, the SGX opened today, and the new stock 50 index opened high in the morning, and after the opening, it opened all the way up, directly repairing the big black callback the day before yesterday.

Not only did it quickly regain the 1,600-point mark in 20 minutes, extending its gains to +4.7%, but it also broke through the previous high of 1,653.53 points and hit a new all-time high.

Shareholders who hold the new stock 50 ETF have a real sense of happiness and gain since the beginning of this year, although they have experienced twists and turns some time ago, but now they have disappeared.

The SGS 50 Index has been reaching new highs all the way, and the average P/E ratio of the SGX has reached 72 times, surpassing the ChiNext Index and becoming the market with the highest P/E ratio in the A-share market.

Although many people feel that the price-earnings ratio is too high, some investment institutions have also appeared to be afraid of heights.

However, in Fang Hong's eyes, the current price-earnings ratio of SGX is still undervalued, and the price-earnings ratio of the SGX 50 Index is strictly about 65 times.

In a sense, the value that the big A has lost over the years should also be regained, and the SGX, which has a historical mission, is naturally the best to do, and the country's industrial transformation and upgrading is inevitably driven by a large number of technology-based enterprises, and the success of industrial transformation and upgrading will inevitably be in the asset price.

In addition, Fang Hong wants to break some superstitions over the years, break the unconfidence of A-share investors, and break the psychology of anchoring the North American capital market.

If investors observe carefully, they will find that the new stock 50 index has not appeared to fill every gap, there is a gap at the bottom 800 points, there is a big gap at 1100 points, and there is also a big gap at 1300 points, including a gap at more than 1500 points today.

People who think that the new stock 50 index will also be like the main board index next door must be filled in recent years, and now no one dares to imagine that the new stock 50 index will swoop down to make up for the 800-point gap.

Not to mention the gap of 800 points, even the gap of 1300 points is difficult to fill, and now that SGX will have a leveling fund immediately, it is even more impossible.

The stock index must be filled every time it is the first superstition that Fang Hong wants to break, and the SGX market still firmly believes that the gap must be filled, and it is full of regret.

……

Time into mid-to-late June, the new 50 index in the shock adjustment continued to rise, from the technical analysis of this period out of the daily K-line, the new 50 index in the range of 1600 points above 1700 points out of a horn pattern, or divergence triangle K-line pattern.

This candlestick pattern is the opposite of a convergence triangle, that is, the volatility is relatively amplified, that is, the high makes a new high but the low also makes a new low, and the pattern is like a flare.

Divergent triangle K-line graphic trend, generally speaking, the rhythm is on the right to earn more, on the contrary, the wrong rhythm will lose more, which is more difficult to grasp the market.

On Monday, June 27, the New Stock 50 Index increased by +2.91% to 261.6 billion yuan on the same day, directly standing at the 1,700-point integer mark, and closed at 1,716.37 points after hours to hit a record high.

The market has come to this point, from the daily K-line chart has gone to the upper pressure line of the divergent triangle, if you follow this technical pattern, the next trading day should be a pullback, there are also some short-term customers choose to reduce their positions, ready to pull back when the callback.

However, the person who reduced his position quickly realized that he had made a mistake in his judgment, because the market that came out the next day did not pull back, but chose to continue to break through to new highs after breaking through the 1700-point mark, which also means that the technical pattern of the divergent triangle is over.

In the next two trading days, the new stock 50 index continued to close in the positive line, closing up +1.18% and 1.07% respectively, and locked in a record high of 1736.65 points after hours.

Investors who participated in the SGX market were filled with the joy of a sense of gain, even if they stood guard at the 1575.05 point stage high in the front, if they could not carry it during the subsequent black swan event caused by the crash, they can now not only return to their original cost but also earn 10 points of income.

If it was at the 1156 point bottom of the gold pit that plummeted at that time, it has now made a gain of 50 points, and the new stock 50 index has created a cumulative increase of +122.60% since the historical bottom of 780.15 points, and even the annual K-line that rose from the initial value of 1000 points has also come out of the cumulative increase of +73.66%.

The bull market of the SGX has further accelerated the "de-retailing" of the main board next door, and the army of retail investors directly does not play with you and runs to the SGX market to play.

The bricks have been shouting that the market can't get up, and the market fluctuates violently because there are too many retail investors in this market.

has been clamoring to go retail, and now it is as he wishes, this time it is not necessary for the bricks to suggest, and the retail investors themselves have removed themselves.

……

(End of chapter)