-5x Short SMIC | Code: ZAXW

Exchange Trading Name: SMIC 5xShortSG270930
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The outstanding shares of this DLC is currently at 82.826%. In the case where the Designated Market Maker (DMM) has sold all the issued positions, DMM will not be able to provide an offer quote. On the bid side both the price and quantity will not be affected by the sell-out. Please refer to here for more detail.

If you want to express the same view on this Underlying Asset using a DLC with less outstanding shares, you may consider 9DFW
This DLC is at a low value. As the value of a DLC gets smaller, the minimum bid/ask spread will become larger in percentage, which increases the trading costs for investors. In the case where the theoretical bid is below SGD 0.001, the issuer will not be able to provide both bid and offer. Please refer to here for more detail.

If you want to express the same view on this Underlying Asset using a DLC at a higher price which provides the same theoretical percentage movement with better sensitivity, you may consider 9DFW
SGD
0.018
+0.005 (+38.46%)
Bid
0.018
Ask
0.019
  • Open
    0.014
  • High
    0.018
  • Intrinsic Close
    0.018
  • Low
    0.014
  • Traded Value
    4K
  • Volume
    205K
Last Update:
Underlying Price
Prev. Day Close
86.00
Air Bag Trigger Level
98.90
-6.98%
+12%
+15%
Last Update: 26/06/2026 16:01
Last Update:
ZAXW    0981.HK

Performance (%)

  Day Before 1 week 1 month 6 months Year-To-Date
ZAXW +34.33% -26.68% -32.78% -98.99% -98.39%
Last Update: 26/06/2026

Product Terms

  • Exchange Code
    ZAXW
  • Type
    Daily Short
  • ISIN
    LU2079530833
  • Guarantor
    SG
  • Underlying Asset
    SMIC (0981.HK)
  • Leverage Factor
    -5x
  • Issuer
    SG Issuer
  • Issued Qty
    5,400,000
  • Exchange-traded
    SGX Stock Exchange
  • DLC Trading Currency
    SGD
  • Listing Date
    03/10/2025
  • Underlying Currency
    HKD
  • Last Trading Date
    23/09/2027
  • Air Bag Trigger Level
    15%
  • Expiry Date
    30/09/2027
  • Management Fee
    0.4% p.a.
  • Gap Premium
    17.5% p.a.

Trading Data

  • Sensitivity
    1.306
  • % Spread
    5.26%
  • Outstanding Qty / (%)
    4,472,600 (82.83%)
  • Outstanding Change
    -59,000

Overnight Cost

  • Daily Cost / (%)
    -0.000041 (-0.23%)

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