boyutpedia Chapter 1322 [Witnessing the Moment of History]
Chapter 1322 [Witnessing the Moment of History]
Chapter 1322 [Witnessing the Moment of History]
At this moment, the two major indexes seem to be competing with each other, one is catching up and the other is trying to widen the gap.
But one is chasing very easily, while the other is leading very hard.
On the market, Xingyu Technology, the absolute leader in the SGX market, helped the SGX 50 Index to rise, while on the Shanghai Composite Index, the banking, non-ferrous metals, precious metals and real estate sectors all worked together to pull up and barely avoid being overtaken. Among them, the banking sector contributed the most and was also the absolute weight sector of the Shanghai Composite Index.
After 10:10, Xingyu Technology showed signs of decline and lost the integer of 50 trillion yuan in market value. The Xinzheng Index also fell, and the gap with the Shanghai Composite Index widened. The neighboring stocks seemed to be relieved and also fell.
An hour later, at 11:30, the Shanghai and Shenzhen stock markets closed for lunch, and the Shanghai Composite Index was locked at 3523 points.
However, the SGX market does not have a halftime break. Trading continues all day after opening until closing at 15:50 p.m. During the lunch break of the Shanghai and Shenzhen stock markets, the SGX Index once again gained momentum.
Xingyu Technology stopped falling and started to rise again, with its market value returning to the 10 trillion mark. However, it only maintained that level and did not surge upward. If it continues to rise, it will reach the daily limit.
But there is not only one Xingyu Technology in the SGX market. At 11:49, Matrix Quantum, which ranks second in market value, began to exert its strength.
At 12:17, all major market software pushed out quick news:
[Matrix Quantum rose abnormally, with the increase expanding to 4.37%, the market value of 6.42 trillion, a record high, and the current transaction volume exceeded 390 billion]
The stockholders just finished reading this quick news, and a few seconds later another quick news push popped up in a small window:
[The SGX market was in the red, with more than 300 stocks hitting the daily limit, and the market showed a general upward trend. The SGX 50 Index rose strongly again, with the increase expanding to +3.3%, reaching a historical high of 3525 points]
At this moment, all major stock forums and communication groups were in a state of excitement.
[Witness the moment of history! ]
[Today's market is destined to be recorded in the history of the A-share market. On this day, Xingyu Technology broke through the 10 trillion market value. On this day, the Xinzheng 50 Index surpassed the Shanghai Composite Index in absolute terms. Oh, by the way, according to the current exchange rate, the market value of Matrix Quantum has also entered the trillion-dollar market value club! ]
[I am not well educated, so I can only call you Niubi Plas——!]
[I feel strongly that times have really changed.]
[Indeed, I also have this strong feeling. The moment when the New Securities 50 Index broke through 3525 points and surpassed the Shanghai Composite Index, I had a strong sense of déjà vu of the handover of eras. Perhaps many years later, when we look back on this period of history, we will regard the event that the absolute number of the New Securities 50 Index exceeded the Shanghai Composite Index as a watershed and landmark event in the A-share market.]
[The Shanghai Stock Index jumped up and down and yelled: What a lack of stock ethics! They actually took advantage of my rest time to launch a surprise attack!]
[The two neighboring stock markets are history, and the Singapore Exchange is the future! ]
[If you ask me, the New Securities 50 Index is the one that truly reflects the actual level of our country's economic development. The Shanghai Stock Exchange Index has been fluctuating around 3000 points for ten years. This is ridiculous. Although the New Securities 50 Index has risen fiercely, I think it is recovering the interest and lost dividends over the past decade, which is good and deserved.]
[That’s right, I agree!]
……
The entire market's attention was drawn to the SGX, and everyone was discussing various topics related to it.
During the lunch break, some things about the stock market once again became a hot topic. Many people were searching for keywords such as "Xinzheng 50 Index" and "Xingyu Technology's market value of 10 trillion yuan", and major media were also competing to report on it.
In addition, Matrix Quantum is also in the limelight today, as this stock broke its historical high today, standing above 6.4 trillion, and when converted into US dollars according to the latest exchange rate, it also broke the 1 trillion mark.
Another major factor in China's entry into the trillion-dollar market value club today is the continued strengthening of the RMB exchange rate over the past year, from 6.9 a year ago to 6.4 now. There are many reasons for this, which cannot be explained in a few words.
But the fact is that the RMB is now a hot commodity.
Currently, there are only two listed companies in the world that have entered the trillion-dollar market value club, namely Xingyu Technology and Matrix Quantum. Both are from the Eastern superpower and are currently ranked first and second in the world by market value. Apple is the next one to rank third.
As things stand now, not only is it difficult for Apple to overtake Star Technology, but even Matrix Quantum is widening the gap with it.
This is also a topic that people talk about a lot. A few years ago, no one dared to imagine that the companies with the first and second largest market capitalizations in the world would be from Greater China. And it is not a short-lived flash in the pan like when Zhongyou Petroleum topped the list ten years ago. This is a company that has firmly sat at the top of the list and also took the second place. Moreover, they are both high-tech companies, not oil and financial stocks.
To a large extent, it also indirectly reflects that the Eastern giant is making rapid progress in science and technology at a rate beyond the world's expectations. Even if America tries its best to suppress it, it cannot, but is becoming stronger and stronger.
Not to mention the industrial capacity. As early as 2010, the industrial scale became the first in the world. It was also from that year that America realized the severity of the problem and began to clamor to return to the Sub-Titanium region.
To this day, China's industrial capacity is the best in the world, and this is not an exaggeration. The size of the Eastern giant alone accounts for nearly 4% of the world's total, which has never happened in human history.
The entire Western industrial capacity has been greatly outclassed by the Eastern superpower, and now that the West has made breakthroughs in high-tech fields, it has picked up one jewel after another from the Western industrial crown.
……
As for the A-share market, at 13:50 p.m., the Shanghai and Shenzhen stock markets reopened, and the Shanghai Composite Index attempted to rise again and overtake the SS50 Index. However, at the same time, the SS Index continued to break through historical highs. The Shanghai Composite Index next door had a hard time catching up, and fell back twice during the session, but seemed unwilling to give up, and made another effort to rise in the late trading.
While the two major stock indexes of Shanghai and New Shenzhen are chasing each other, the Shenzhen Component Index, which was quite bullish yesterday, seems to have chosen to lie flat and swing, jumping up and down the zero axis repeatedly, falling -0.25% for a while, then rebounding to +025%, turning green and then red again...
The current market situation is that heavyweight stocks are strengthening across the board, while theme stocks are lonely. Only fluorine chemicals, minor metals and pork stocks are performing relatively well.
The world reached a consensus that only the small and medium-sized enterprises in Shenzhen Stock Exchange were hit hard. Yesterday's rebound has gone back, which was really horrible.
The SGX market and the Shanghai stock market's large-cap heavyweight stocks are in competition, and the two major indexes are in competition. More than 80% of the liquidity has been siphoned away by the large-cap heavyweight stocks. This is the main reason for the tragic market conditions of small and medium-sized start-up companies. Of course, the most fundamental reason is that they have been abandoned by retail investors, which has damaged the foundation.
Finally, as the time reached 15:50, the competition between the Xinzheng 50 Index and the Shanghai Composite Index also came to an end with the closing of the market, and the result was that the Xinzheng Index was better.
As of the closing, the three major A-share trading markets all ended in the red. The Xinzheng 50 Index absolutely led the three major stock indices with a big increase of +4.03% and a long positive line with large volume. The closing price was almost near the highest price of the day, and was locked at 3550.67 points after the market.
The Shanghai Composite Index closed up 1.29% after the market at 3546.50, surpassing the highest point in January 2016 and setting a new high since the circuit breaker.
The Shenzhen Component Index closed up 0.37% at 11555.25 points. The performance of the Shenzhen stock market today can be described as lagging, but it did end in the green anyway.
There is no doubt that the dazzling brilliance of the SGX market has completely overshadowed the two neighboring markets. Various data indicators are showing a crushing trend, and too many new historical records have been created today.
……
(End of this chapter)