5th September 2022 (Monday)
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Market Commentary
HSI Unable to Regain 20000 Level

Despite a rebound to the 20000 level spurred by news of China stepping up its economic stimulus in late August, the Hang Seng Index (HSI) was unable to stay above 20000 and has fallen back to 19452 as of market close last Friday 2 September.

Similarly, the Hang Seng Tech Index (HSTECH) closed at the 4143 level last Friday, after failing to regain 4300 that was tested during the rebound in late August. Both the HSI and HSTECH are trading below their 50-day and 100-day moving average which act as the immediate resistance to overcome for a move higher. 

The two Hang Seng indices traded lower on 5 September morning session with the HSI falling as low as 19064 (-2%) and the HSTECH a low of 4025 (-2.8%). Correspondingly, the 7x Short HSI DLC (CZMW) and 5x Short HSTECH DLC (CWEW) gained by around +16% and +15% respectively while the 7x Long HSI DLC (CVDW) and 5x Long HSTECH DLC (CXCW) suffered losses of similar magnitude. 
CZMW
HSI 7xShortSG240125
HSI 7x Short
Last Price1
0.995 +0.099
(+11.05%)
Last Update: 05/09/2022 14:28
 
CVDW
HSI 7xLongSG240327
HSI 7x Long
Last Price1
0.310 -0.023
(-6.91%)
Last Update: 05/09/2022 14:28
Last Price1: The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs do not trade as frequently as shares and sometimes may not record a trade for a long period of time though the bid/offer prices quoted by the Designated Market Maker may continue to move, therefore using the bid price is usually the best indicator of a DLC value.
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INDEX TRADING RALLY 2022

From 5 to 30 September, learn how to trade the SG/HK/US stock indices from an exciting line-up of speakers and participate in the index performance polling activity with up to S$5,000 worth of prizes up for grabs!

The 4-week rally consists of 2 categories: 1) Poll, Share & Win and 2) Webinar Learn & Win. 

Click HERE to find out more about the rally and how you can win the grand prize of a Samsung Galaxy Fold 4 worth $2,400!
Latest Events
Upcoming Webinar Series

Hear from these renowed speakers on how to make the most out of DLCs in the sessions scheduled below. 

05/09/2022 12.00-1.00pm

[Index Trading Rally] Using DLCs to Trade the Hang Seng Indices (Recording available)

 Robin Ho
13/09/2022 7.30-8.30pm

[DLC Webinar] Using DLCs to Enhance or Hedge your Portoflio in Volatile Markets

 Marcus Ng
14/09/2022 7.00-9.00pm  

[DLC MasterClass] The ABCD Swing Trading Strategy

 Binni Ong
This newsletter may contain links to other websites which are not operated by Société Générale, Singapore Branch (“SG Singapore”). We have no control over the information referred to on these sites or the products or services on them, and therefore makes no representations and accepts no responsibility regarding the accuracy or suitability of the information, services or products described on them. You are advised to make your own enquiries in relation to third parties described or linked on this internet site. Inclusion of a link to a third party site should not be construed as an endorsement of such third party site by us or that party's endorsement of this Website.
DLC Funds Flow Chart
Each DLC’s funds flow for the previous trading day on 02/09/2022 is calculated by change in the DLC’s outstanding units for the period from 01/09/2022 to 02/09/2022 (positive if there is increase in outstanding units, i.e. investors net bought DLCs from Designated Market Makers) multiplied by the last intrinsic close of such DLCs. The DLC funds flow is the aggregate of the funds flow of DLCs referencing the same Underlying Asset and same direction.
 
Top Gainers / Losers
Code Name Bid Change1
(%)
DDEW Geely 5xShortSG230126 +0.005
(+37.20%)
DSHW Geely 5xShortSG221215 +0.018
(+32.89%)
MHLW BYD 5xShortSG221115 +0.017
(+30.11%)
DZWW BYD 5xShortSG230202 +0.012
(+29.94%)
DDTW BYD 5xShortSG230620 +0.524
(+27.50%)
Code Name Bid Change1
(%)
DNDW Geely 5xLongSG230202 -0.017
(-31.47%)
DOLW Geely 5xLongSG230329 -0.151
(-28.43%)
DKAW AAC 5xLongSG240201 -0.003
(-25.52%)
DLCW BYD 5xLongSG230202 -0.024
(-24.61%)
DAOW AAC 5xLongSG230620 -0.055
(-24.46%)
Bid Change (%)1: Current Bid Price / Intrinsic Closing Value - 1
Intinsic Closing Value: Last updated on 02/09/2022
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)		 Bid Change2
(%)		 Bid Price Value traded
DOLW Geely 5xLongSG230329 -6.21% -0.151
(-28.43%)		 0.380 1M
DLCW BYD 5xLongSG230202 -5.25% -0.024
(-24.61%)		 0.074 727K
DWHW Xiaomi 5xLongSG230329 -3.05% -0.012
(-14.87%)		 0.069 696K
CWEW HSTECH 5xShortSG230216 -2.16% +0.17
(+12.93%)		 1.485 387K
DVJW Sunny 5xLongSG230329 -2.62% -0.008
(-11.51%)		 0.062 345K
DAMW HKEx 5xLongSG240516 -2.73% -0.074
(-12.25%)		 0.530 262K
DOMW COSCO 5xLongSG230803 -1.13% -0.009
(-2.17%)		 0.405 250K
CZMW HSI 7xShortSG240125 -1.25% +0.099
(+11.05%)		 0.995 233K
DLBW Galaxy 5xLongSG221013 -1.97% -0.018
(-9.01%)		 0.182 222K
DJEW Meituan 5xLongSG230330 -2.10% -0.037
(-8.48%)		 0.400 192K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 02/09/2022 and 05/09/2022 14:28.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 02/09/2022 and last bid price on 05/09/2022 14:28.
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