On July 2, retail investors in Xiangjiang were extremely anxious when they saw the major stock markets in Asia plummeting. They came to the securities business department before 9 o'clock on the 3rd and lined up in front of the autonomous trading machines. However, the Hang Seng Index, which was closed for the fifth day, was not affected by Asia. The impact of the plunge in major stock markets, coupled with the continuous gains before the market opening and the smooth handover of power in Hong Kong, opened at 15,346 points, opening 150 points higher, and everyone felt relieved.
The market opened higher and moved higher, with the index reaching 16363.6 points. Affected by the sharp decline in the stock markets of Thailand, Singapore, South Korea and Penghu, profits surged out. The market quickly closed the gap and fell all the way to 15035.9 points. Funds rushed into the market to grab rebounds, and the market closed at 15055.7 points, down 141.1 points or 0.92% throughout the day, with a slight decrease in volume.
The Shanghai stock market closed at 1150.62 points, down 48.44 points or 4.04% throughout the day, a sharp decline in volume!
Pengshi closed at 4633.03 points, down 242.24 points throughout the day, or 4.97%, a sharp drop in volume!
Looking at the green computer screen, which has plummeted for two consecutive days, Qiu Yunyan has no stocks and is light. The moving average system of the Shanghai Peng stock index is all arranged in a short position. There is no limit to the short fall. The institution has no intention to fight, and there is no support below. In my heart, I admire Mr. Sun's foresight. .
Before the return of Xiangjiang, the Penghu stock market rebounded sharply. The stock index would hit a record high, which became the common voice of many stock commentators. Large institutional investors were ready to move. Qiu Yunyan and Deng Hualin watched the stock index rebound sharply, and the trading volume began to increase again. They asked Zhang Ming for a fight, but Liao Jingwen I gave the self-operated department a half-month long vacation.
Qiu Yunyan took her family to the United States. The Dow Jones and Nasdaq indexes were less affected by the plummeting Thai baht.
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July 4th.
Affected by the good news released by the management, the Hang Seng Index opened at 15166.9 points, opening 111.2 points higher. The market rushed to 15179.5 points. Under the pressure of profit taking, the market quickly closed the gap and fell below 15000 points. At the psychological price, profit-taking and settlement orders came out, and the market fell all the way down to 14747.2 points. In the late trading, rebound funds entered and closed at 14823 points, down 232.7 points or 1.55%!
On the second day, the Hang Seng Index fell 373.8 points, or 2.46%!
Affected by the good news, the Shanghai stock market, which had been falling for 5 consecutive days, rose 0.76% throughout the day and closed at 1159.34 points. It finally stopped falling and rebounded. It fell 144.58 points, or 11.09%, in 6 trading days. The volume shrank and plummeted!
Affected by the good news, Peng City rose 0.19% and closed at 4641.88 points. It fell 599.47 points or 11.44% in 6 trading days, shrinking and plummeting!
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Monday, July 7th.
Affected by the news that the Thai baht plummeted over the weekend, Peng opened at 4611.65 points, opening 30.21 points lower. The opening point was the highest point of the day. Under the pressure of profit taking and meat-cutting orders, bulls were unwilling to fight, and the market continued to decline. The lowest level reached 4233.50 points. Funds rushed to enter the market at the end of the day. The market closed at 4269.27 points, down 372.61 points or 8.03% for the whole day. Most stocks fell to the limit and plummeted due to shrinkage! Rivers of blood flowed, and retail investors were deceived!
The Shanghai Composite Index opened at 1161.70 points, opened 2.36 points higher, and rushed to 1163.44 points. Driven by the sharp decline in Pengshi, it fell all the way. The bulls were powerless to resist, and closed at 1096.81 points, down 62.53 points or 5.39% throughout the day. Shrinkage plummets!
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"Mr. Sun, the Securities and Exchange Commission has approved our listing quota, but because the current stock market is not going well and to avoid irritating investors, Leader Zhou asked us to delay the public offering of stocks for three months."
Liao Jingwen came out of the Securities Exchange Commission on the afternoon of July 7 and happily called Sun Jian to tell him the good news.
Pengcheng Securities Company's earnings per share in 1996 were 2.95 yuan, net assets per share were 4.66 yuan, total assets were 7.864 billion yuan, and net assets were 2.122 billion yuan. On June 26, it implemented the 1997 interim bonus of 5 yuan for 10 shares and the allotment of 10 shares. Dividend plan for 3 shares,
The total share capital increased to 591.5 million shares, with net assets per share of 4.66 yuan, and after dilution, earnings per share were 2.11 yuan.
The company plans to issue 110 million shares (including 10 million employee shares) at an issue price of 21.1 yuan, and plans to raise more than 2.3 billion yuan (deducting issuance expenses) to build a securities business department and supplement the company's liquidity.
On July 6, the National People's Congress issued an announcement that from now on, Pengcheng Stock Exchange will be placed under the management of the Securities and Exchange Commission, and market rumors were finally confirmed.
From then on, the era of Pengcheng and Shanghai municipal government officials secretly instigating securities companies in the two places, in conjunction with the Penghu Stock Exchange, to manipulate the stock prices of local listed companies, on the pretext of establishing a domestic financial center, was over.
"Leader Zhou's considerations make sense! Thank you for your hard work, Mr. Liao. Everyone needs to take a break."
Sun Jian originally expected that Pengcheng Securities Company might obtain the listing quota by the end of the year, but he did not expect that the approval would be so quick. However, God’s calculations suggest that it is better to issue new shares by the end of the year.
Today, the trading volume of the Peng and Shanghai stock markets is only about 16 billion yuan, less than 30% of the peak period some time ago. The existing funds are fighting, and Pengcheng Securities Company suddenly drew 2.3 billion yuan of blood. Large investors and retail investors are like birds of a feather.
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On July 8, Pengshi opened at 4213.19 points, opening 56.08 points lower. Under the pressure of panic trading, it dropped to 4124.99 points. News suddenly came out during the session that the public offering of shares by Pengcheng Securities Company was postponed for 3 months. , buying orders poured in and quickly turned red, reaching a maximum of 4389.62 points. There were profit-taking orders in the late trading. The market closed at 4336.72 points, an increase of 67.58 points, or 1.58%. The turnover increased by more than 10%, and the volume increased!
After the market closed, the China Securities Regulatory Commission issued an announcement that in order to protect the interests of investors, it was decided after research that Pengcheng Securities Company’s original plan to issue shares publicly at the end of July would be postponed to the end of October.
[In view of the general environment,
On July 9, the Peng Index opened at 4362.10 points, opening 25.38 points higher. Profit orders poured out. The market quickly filled the gap and dropped to 4290.40 points. Bulls began to exert force, and the market quickly turned red and broke through yesterday's high. , reaching a maximum of 4407.34 points, profit taking was made at the end of the day, closing at 4398.34 points, up 61.63 points throughout the day, an increase of 1.42%, but the transaction volume was nearly 20% less than yesterday, shrinking and rising!
The trend of the Shanghai Composite Index on the 8th and 9th was exactly the same as that of Pengshi. It rose by 1.17% on the 8th and 1.01% on the 9th, because the early decline was smaller than that of Pengshi and the rise was not smaller than that of Pengshi.
After the market closed, Sun Jian smiled bitterly, and after his rebirth, he acquired Pengcheng Securities Company, which in turn affected the Penghu stock market, creating an obvious butterfly effect!
Fortunately, the Hang Seng Index was not affected. It fell by 66.4 points, or 0.45%, on the 8th; it fell by 88.5 points, or nearly 0.6%, on the 9th.
From the opening on July 3 to the closing on July 9, the Hang Seng Index fell a total of 493.1 points, or 3.24%!
If you invest HK$500 million and short the October Hang Seng stock index futures contract with 10 times leverage, you can earn more than HK$162 million (including handling fees) in 5 trading days!
Although it is legal and compliant, you cannot make this kind of money!
Sun Jian's instructions to Liao Jingwen were that before Pengcheng Securities Company's public offering of stocks, the company's self-operated business would be temporarily suspended, and employees from the self-operated department would conduct research on listed companies, focusing on large-cap companies and Internet technology companies with excellent performance.
1996 was called the performance wave, 1997 was called the large-cap stock market, there was no market in 1998, 99 was the network technology stock market, and the millennium network technology stock bubble burst!
