21st September 2022 (Wednesday)
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Market Commentary
US Indices wavered ahead of Fed

Earlier this week, US equity indices consolidated ahead of Fed announcement on economy outlook and interest rate hike to combat the record inflation in the US.

As of this Tuesday, the S&P 500 Index had lost 6% from the highest level this month, while Nasdaq-100 Index and Dow Jones Industrial Average Index had fell 7% and 5% from that of the same period respectively.

Selling pressures increased amid the higher than expected inflation figures and traders waited for guidance from Fed after the FOMC meeting on Wesdnesday.

CUJW
DJIA 5xLongSG250911
DJI 5x Long
Last Price1
0.935 +0.027
(+2.97%)
Last Update: 21/09/2022 17:28
 
CVFW
DJIA 5xShortSG250911
DJI 5x Short
Last Price1
1.570 +0.028
(+1.82%)
Last Update: 21/09/2022 17:28
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!

 

DLC Promotion

1. New to DLC clients who trade SGX listed DLCs during campaign period will be awarded with a SGD 100 DLC Stock Voucher* and a SGD 50 flexi eGift card. 

2. Existing clients who trade above SGD50,000 in trading value on SGX listed DLCs (in a single month) will be awarded with a SGD 100 DLC Stock Voucher*

For more details please view the Tiger Securities DLC promotion here

New Issuance
Launch of 5X DJIA DLCs

The new 5x Long and Short DLCs tracking the Dow Jones Industrial Avergae (DJIA) are now available on SGX! This completes the US indices shelf with DLCs on all three US benchmark indices - S&P500, Nasdaq100 and Dow Jones from SocGen.

Note that the US Indices DLCs can be traded during SGX market hours only when US markets are closed. SocGen will provide bid/offer quotes that are closely linked to the e-mini futures during SGX hours. On a close-to-close basis, the DLCs performance will be based on the cash index of the respective US stock index.

View the DJIA DLCs here: https://dlc.socgen.com/en/product/search/code/dji/

Stock
Code
DLC
Name
Underlying Leverage
Factor
Listing
Date
CUJW DJIA 5xLongSG250911 Dow Jones Industrial Average Index 5x 13/09/2022
CUMW DJIA 5xShortSG250911A Dow Jones Industrial Average Index -5x 13/09/2022
CVFW DJIA 5xShortSG250911 Dow Jones Industrial Average Index -5x 13/09/2022
CWIW DJIA 5xLongSG250911A Dow Jones Industrial Average Index 5x 13/09/2022
CVGW HSCEI 5xLongSG240912 Hang Seng China Enterprises Index 5x 16/09/2022
CWKW HSCEI 5xShortSG240912 Hang Seng China Enterprises Index -5x 16/09/2022
CXJW HSCEI 7xShortSG240912 Hang Seng China Enterprises Index -7x 16/09/2022
CYJW HSI 5xLongSG240912 Hang Seng Index 5x 16/09/2022
CZHW HSI 7xLongSG240912 Hang Seng Index 7x 16/09/2022
CZJW HSI 5xShortSG240912 Hang Seng Index -5x 16/09/2022
DLGW BYD 5xLongSG230914 BYD Company Limited 5x 16/09/2022
DMMW BYD 5xShortSG230914 BYD Company Limited -5x 16/09/2022
DNJW Galaxy 5xLongSG230914 Galaxy Entertainment 5x 16/09/2022
DONW Galaxy 5xShortSG230914 Galaxy Entertainment -5x 16/09/2022
DLCs on this underlying asset is launched for the first time.
  CHECK OUT THE NEWLY LAUNCHED DLCs  
DLC Funds Flow Chart
Each DLC’s funds flow for the previous trading day on 20/09/2022 is calculated by change in the DLC’s outstanding units for the period from 19/09/2022 to 20/09/2022 (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
(%)
DBMW Sunny 5xShortSG230424 +0.037
(+55.61%)
DEBW Sunny 5xShortSG221215 +0.379
(+45.58%)
DZKW GWMotor 5xShortSG221223 +0.019
(+31.13%)
DSHW Geely 5xShortSG221215 +0.025
(+25.03%)
DAJW Alibaba 5xShortSG230330 +0.024
(+21.15%)
Code Name Bid Change1
(%)
DVJW Sunny 5xLongSG230329 -0.024
(-53.18%)
DIIW Sunny 5xLongSG230620 -0.099
(-53.05%)
DEGW GWMotor 5xLongSG230620 -0.011
(-29.36%)
DNDW Geely 5xLongSG230202 -0.005
(-22.65%)
DOLW Geely 5xLongSG230329 -0.046
(-21.20%)
Bid Change (%)1: Current Bid Price / Intrinsic Closing Value - 1
Intinsic Closing Value: Last updated on 20/09/2022
  READ MORE  
Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
DOLW Geely 5xLongSG230329 -4.61% -0.046
(-21.20%)
0.171 1M
DGGW Tencent 5xLongSG230330 -2.52% -0.015
(-9.88%)
0.137 1M
CXJW HSCEI 7xShortSG240912 -2.16% +0.243
(+14.80%)
1.885 986K
CWKW HSCEI 5xShortSG240912 -2.16% +0.16
(+9.97%)
1.765 699K
CZHW HSI 7xLongSG240912 -1.79% -0.181
(-12.83%)
1.230 660K
CZJW HSI 5xShortSG240912 -1.79% +0.131
(+8.46%)
1.680 621K
DIGW STEng 5xShortSG250515 0.00% -0.002
(-0.41%)
0.490 600K
DTJW CNOOC 5xLongSG230331 +2.18% +0.008
(+11.07%)
0.080 558K
DKBW DBS 5xLongSG240306 -0.39% -0.005
(-0.81%)
0.610 441K
DQEW DBS 5xLongSG230713 -0.39% -0.002
(-0.23%)
0.870 439K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 20/09/2022 and 21/09/2022 16:08.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 20/09/2022 and last bid price on 21/09/2022 17:28.
SEARCH FOR A DLC
   
DISCLAIMER

This advertisement has not been reviewed by the Monetary Authority of Singapore (“MAS”). This advertisement is distributed in Singapore by MAS licensed representatives of Société Générale, Singapore Branch. If you wish to discuss this advertisement, you should do so with your financial adviser, authorised broker or with MAS licensed representatives of Société Générale, Singapore Branch. This advertisement does not constitute or form part of any offer, or invitation, to subscribe for or to sell, or solicitation of any offer to subscribe for or to purchase, any certificates on indices/equities (the “Certificates” or “Daily Leverage Certificates”), warrants or other securities. Nothing herein should be considered as investment or financial advice or any form of recommendation to purchase or sell the Certificates/Daily Leverage Certificates, warrants or other securities mentioned. Information herein is intended as general information only and does not take into account the specific investment objectives, financial situation and the particular needs of any particular person. The price of Certificates/Daily Leverage Certificates, warrants or other securities and/or the price of the underlying asset may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. Investments in the Certificates/Daily Leverage Certificates, warrants or other securities carry risks. Any past performance of the Certificates/Daily Leverage Certificates, warrants or other securities, or past performance of an underlying asset, is not indicative of future performance. This document does not constitute a full disclosure of the risks involved. Members of the Société Générale group and/or its connected persons may take proprietary positions and may have long or short positions or other interests in the Certificates/Daily Leverage Certificates, warrants or other securities and may purchase and/or sell the Certificates/Daily Leverage Certificates, warrants/ or other securities at any time in the open market or otherwise, in each case whether as principal, agent or market maker.

The Certificates/Daily Leverage Certificates are for specified investment products (SIP) qualified investors only.

The terms and conditions of any Certificates/Daily Leverage Certificates, warrants or other securities must be read in conjunction with the base listing documents for those Certificates/Daily Leverage Certificates, warrants or other securities and the relevant supplemental listing document. Investors should therefore ensure that they understand the nature of the Certificates/Daily Leverage Certificates, warrants or other securities and carefully study the risk factors set out in the base listing document and the relevant supplemental listing documents and, where necessary, seek professional advice before investors invest in the Certificates/Daily Leverage Certificates, warrants or other securities. Copies of the base listing document, which contains financial and other information relating to the Issuer and any addenda thereto and the relevant supplemental listing documents, which contain details of the Certificates/Daily Leverage Certificates, warrants or other securities, can be obtained from the Allen & Gledhill LLP at One Marina Boulevard #28-00, Singapore 018989. Investors should read these documents in their entirety before agreeing to invest in the Certificates/Daily Leverage Certificates, warrants or other securities. This is a structured product which involves derivatives and investors should not invest without fully understanding and being willing to assume all risks associated with the Certificates/Daily Leverage Certificates, warrants or other securities. Investors should ensure they understand the risks, nature, terms and conditions of the Certificates/Daily Leverage Certificates, warrants or other securities and consult their own legal, financial, tax and professional advisers regarding the suitability and risks before committing to any investment.

Investors risk the loss of part or all of their investment. Investment in the Certificates/Daily Leverage Certificates, warrants or other securities involves significant levels of risks and the Certificates/Daily Leverage Certificates, warrants or other securities should only be purchased by investors who are knowledgeable in investment matters or who have obtained appropriate investment advice.

Société Générale and its affiliates (the “SG Group”) act in different capacities in relation to the issue of the Certificates/Daily Leverage Certificates, warrants or other securities. SG Issuer is the issuer of the Certificates/Daily Leverage Certificates, warrants or other securities (the “Issuer”), Société Générale acts as designated market maker for the Certificates/Daily Leverage Certificates, warrants or other securities. Société Générale, Singapore Branch is also authorized to distribute and market the Certificates/Daily Leverage Certificates, warrants or other securities to its customers. For the avoidance of doubt and as an independent stipulation, investors agree that by purchasing the Certificates/Daily Leverage Certificates, warrants or other securities, the SG Group may provide different services and/or perform different roles in relation to the issuance, offer and/or dealing in the Certificates/Daily Leverage Certificates, warrants or other securities. The investor acknowledges and agrees that the provision of such services or the undertaking of such roles may not always be consistent with the interests of the issuer and/or the investors. The investor agrees that subject to mandatory applicable law which the SG Group cannot derogate from, no implied duties or obligations shall be imposed on SG Group to the investor under the Certificates/Daily Leverage Certificates, warrants or other securities, and in connection with or as a result of the investor’s subscription or purchase of the Certificates/Daily Leverage Certificates, warrants or other securities.

The Issuer or Société Générale may have a position or a material interest in any underlying asset.

The Issuer, Société Générale or any of their affiliates may engage in transactions involving the underlying asset for their own account for business reasons or in connection with hedging of the obligation under this Certificates/Daily Leverage Certificates, warrant or other securities. Conflicts of interest may arise as a result of such transactions within the SG Group and with the interest of investors. The Issuer, Société Générale and their affiliates are not required to consider any investors’ interests in connection with entering into any of the above mentioned transactions.

The Issuer, Société Générale and their affiliates may receive benefits and/or profits as a result of its multiple roles as designated market maker and/or distributor (whether in the nature of a fiduciary, similar or additional duty or relationship or otherwise) and fully consents to the retention of such benefits and/or profits for their own account. Each investor acknowledges and agrees that none of the Issuer, Société Générale and their affiliates is obliged to notify, and is liable to account to, an investor or any other person for (and each investor or such other person shall not be entitled to ask for disclosure of the fact or the amount of, any fees resulting from any of the aforementioned roles, other than is already disclosed in the offering documents for the Certificates/Daily Leverage Certificates, warrants or other securities. Each investor agrees that the investor will have no claim against the Issuer, Société Générale and their affiliates for, and the investor consents to the receipt, acceptance and retention by the Issuer, Société Générale and their affiliates of, such fees arising from any such multiple roles.

Société Générale does not make any warranty, express or implied, as to the accuracy or completeness of the information contained herein. No responsibility or liability is accepted by Société Générale for any inaccuracies, omissions, mistakes or errors of Société Générale in the computation of the cash settlement amount or for any economic or other loss which may be directly or indirectly sustained by any broker or holder of the Certificates/Daily Leverage Certificates, warrants or other securities or any other person dealing with the Certificates/Daily Leverage Certificates, warrants or other securities as a result thereof and no claims, actions or legal proceedings may be brought against Société Générale in connection with the Certificates/Daily Leverage Certificates, warrants or other securities in any manner whatsoever by any broker, holder or other person dealing with the Certificates/Daily Leverage Certificates, warrants or other securities. Any broker, holder or other person dealing with the Certificates/Daily Leverage Certificates, warrants or other securities does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Société Générale. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Société Générale and must not be construed to have created such relationship.

The Certificates/Daily Leverage Certificates, warrants or other securities are not deposits placed with Société Générale.

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