my fintech empire.

Chapter 621 [Trillion Market Value]

At the time when everyone was watching, Xingyu Technology rushed to the price of 3.05 yuan in a straight line at the opening of the market, an increase of +20.08%, which triggered the intraday temporary stop mechanism, suspended trading for one hour, and resumed trading at 10:30:04.

The stockholders staring at Xingyu Technology's handicap were confused.

Especially after the bidding results came out, those who were short-sighted and thought that the issue price would fall below the issue price today never expected that the slap in the face would come so quickly.

Soon after, the major market software pushed news:
[Xingyu Technology opened up +20.08% to trigger a temporary stop, and the stock price hit a record high. The current stock price is 3.05 yuan per share, the market value is 8398.32 billion yuan, and the current turnover exceeds 12 billion yuan. 】

It only took less than 20 million yuan to open the market to raise the stock price by 1400 percentage points and hit the temporary stop, and the market value skyrocketed to nearly [-] billion yuan.

This also allowed Xingyu Technology to parachute to the fifth place in the current market value of the two A-share markets, surpassing the Bank of China, and the market value of the top four companies are Zhongyou 1.54 yuan, ICBC 1.35 trillion, and CCB 1.19. billion and Agricultural Bank of China 8493 billion.

The stock market index opened slightly lower at 1961.81 points today by -0.09%. At the opening of the market, Xingyu Technology’s direct +20% increase hit a stop in seconds, which directly drove the stock index up to +0.16% in a straight line, and the points rushed to 1966 points about.

However, the broader market then began to slowly fall back, and once again dived and turned green and fell -0.20%. The index fell to 1959.33 points and hit a record low.

Qunxing Capital is working, but instead of igniting the fire, it is buying bottoms.

As time passed, at around 10:30, Xingyu Technology, which had been temporarily suspended for an hour during the session, resumed trading.

At the moment when Xingyu Technology resumed trading, its time-sharing line went up again at a vertical 3.31-degree angle, and the stock price hit 30.31 yuan, an increase of +[-]%, triggering a second temporary stop in the session.

This temporary suspension will last until the last 3 minutes of late afternoon trading, that is, trading will resume at 14:57.

It only took more than 3200 million yuan to raise it again by 10 percentage points, triggering a second temporary stop. Not long after, the major market software pushed the news again:
[Xingyu Technology rose +30.31% to trigger the second temporary stop, the stock price hit a record high of 3.31 yuan, the market value was 9114.25 billion yuan, and the current turnover was 12.47 billion yuan. 】

The stock's popularity index ranks first, and discussions in the stock bar comment area and major communication groups are also extremely hot.

[The order was placed at the opening but no transaction was made, I am so angry, I knew I would buy it at 20 points! ]
[It’s so awesome, it’s a second board at the opening, and you can’t buy it if you don’t buy it. ]
[I placed an order in a call auction, but I canceled it before 9:20, I regret it! ]
[You thought that the opening bid would double, but it turned out to be a flat open for you. When you thought it would fall below the issue price, it opened in a straight line and paused, and when it resumed trading, it stopped again in a straight line. ]
[Hahaha, the faces of the bears are all swollen, and the main players don’t grasp the opportunity to send money. The bidding is full and the two financings are 500 million, and 150 million is in hand, which is cool! ]
[You are in the picture above! ]
[Fuck, did you really bid for 500 million?Nouveau riche! ]
[This one is swollen. ]
[The main force is really giving benefits and money, alas, I didn't catch it, so I can only watch it off. ]
[Before the game, I was stubborn and even broke the serve. See me getting rich now. ]
[Don't scold, don't scold...]
[It's very confusing when the bidding is evenly opened, but after 5 minutes of thinking time, someone has already realized that this is giving the opportunity to get on the car, and the opening is immediately rushed to the stop. ]
[Xingyu Technology's market value exceeds the Agricultural Bank of China and ranks fourth, and it feels like it will break trillions today. ]
[The end of the game will inevitably rush, breaking the trillion is inevitable! ]
……

With the end of the morning session, Xingyu Technology became the focus of discussion among investors from all walks of life in the two cities during the noon period.

Today's trend has not been guessed right since the opening of the market, and no one thought that this super large-cap stock would go like this. The bears are only stiff-mouthed at the moment, and the bulls are also proud.

Now he began to say loudly, "The market value of trillions has just started, and the market value of two trillions is not a dream", and the bulls overwhelmed the bears.

As a company listed on the main board of the Shanghai Stock Exchange, Xingyu Technology has soared with such a large scale, and its contribution to the Shanghai Index is particularly obvious. Today, it contributed the largest increase to the Shanghai Index.

However, this stock has not yet entered the Shanghai Stock Exchange 50 Index and the Shanghai-Shenzhen 300 Index constituent stocks. Investors in these two index ETFs have not been able to enjoy the dividends of Xingyu Technology's rise.

But everyone knows that Xingyu Technology will inevitably enter the Shanghai Stock Exchange 50 Index and the Shanghai-Shenzhen 300 Index when the constituent stocks of the two major indexes are adjusted in the second half of the year.

……

With the passage of time, the market opened in the afternoon, and the stock index rose in shocks, and the volume energy did not release much.

Originally, everyone expected that the Shanghai Stock Exchange Index would definitely increase its volume today. Maybe Xingyu Technology alone would account for more than half of the trading volume of the entire Shanghai Stock Exchange. For the liquidity of the A-share market, the daily trading volume of the Shanghai Stock Exchange Index is only more than 300 billion.

In the end, I didn't expect Xingyu Technology to go like this. The current trading volume is less than 13 billion, because the opening was too low, and after the opening, it rushed too strongly. At this time, the holders will definitely not sell it.

At 14:57 at the end of the trading session, Xingyu Technology resumed trading again, and the stock price went straight up again after the resumption of trading.

It is worth mentioning that the current call auction rules in the A-share market, the Shenzhen Stock Exchange has a 14-minute late call auction from 57:15 to 00:3, while the Shanghai Stock Exchange has not yet implemented this rule, that is to say In the last 3 minutes, continuous bidding will still be maintained until the market closes.

At this moment, Xingyu Technology's time-sharing line in the last 3 minutes rushed up rapidly, because the short-term funds were frantically rushing to raise funds, and at the same time, it also pushed the stock price to continuously hit record highs.

Fang Hong was also watching Xingyu Technology's bidding situation in the late trading. At this moment, the stock began to explode in late trading, and several major cooperative institutions were smashing the market to suppress the stock price.

14点58分，星宇科技的成交额已经突破了17亿，到了14点59分，1分钟内又放出了5个亿的成交量，最后1分钟再次放出了7.5亿的成交量。

After the market finally closed, Xingyu Technology's trading volume on the first day of listing was 29.56 billion yuan, which is the second largest stock in the two markets today. The super monster stock has released 37 billion in energy, and it has hit a record high today.

Seeing the closing price of Xingyu Technology, Fang Hong was quite satisfied and closed the page. On the first day of listing, a bald head and bare feet came out with a bright line, and the final closing price was locked at 3.68 yuan per share. 44.88%, with a market value of 10133.06 billion yuan, breaking through the trillion market value mark.

Its market capitalization is second only to China Petroleum Corporation, ICBC and CCB, and ranks fourth in the A-share market by market capitalization.

There is no problem with Xingyu Technology's growth rate being suppressed below 50 percentage points today, and several major cooperative organizations have still fulfilled Fang Hong's requirements steadily.

In addition, although the market index hit a record low today, it became the biggest contributor to the rise of the Shanghai index today because Xingyu Technology, a super large-cap stock, soared by more than 40 percentage points in the intraday session.

The broader market index closed up +0.85% today, closing at 1980.12 points, with a turnover of 406 billion. Compared with yesterday’s release of some volume, the Shanghai index finally did not break out of the five consecutive declines this week.

……

(End of this chapter)