10th October 2022 (Monday)
[Click here for DLC product list]
Market Commentary
US Indices fell on average -9.6% in Sep

Following a brutal September which saw the Nasdaq-100 Index, S&P 500 Index and Dow Jones Industrial Average Index fell -9.6% on average, last Friday's payrolls report erased almost all the gains from the early October rebound as it signalled a strengthening jobs market which may increase bets on more aggressive rate hikes ahead of the Fed's next meeting in November.  

On the DLCs, the 5x Short Nasdaq-100 and 5x Short S&P 500 DLCs gained on average +59% in the month of September while the 5x Long DLCs fell on average -44% on the back of the decline in the underlying indices. As of end September, the 5x Short DJIA DLCs gained +78% since its was launched on 13 September while the 5x Long DJIA DLC fell by -46%.

Listed on SGX, the US indices DLCs offer exposure to the US markets during Asian hours and the convenience of trading in Singapore Dollar. 
CUJW
DJIA 5xLongSG250911
DJI 5x Long
Last Price1
0.830 +0.036
(+4.53%)
Last Update: 18/10/2022 09:49
 
CVFW
DJIA 5xShortSG250911
DJI 5x Short
Last Price1
1.550 -0.027
(-1.71%)
Last Update: 18/10/2022 09:49
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

The 4-week Index Trading Rally concluded on 30 September and saw over 1500 investors participating in the 2 categories: 1) Poll, Share & Win and 2) Webinar Learn & Win. Participants learnt how to trade the Singapore, Hong Kong and US stock indices from the line up of guest trainers who also gave their short term market outlook on the various markets. 

Click HERE to find out view the webinar recordings and learn how to trade the indices using the DLCs. 

 

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
Education
How is the Daily Performance calculated with US equity index underlyings?

In assessing the performance of the DLCs you should be aware that daily leverage performance of the DLC is always referenced to the previous closing level of the US equity index, which is usually 4pm Eastern Time for regular trading days.

For instance, a DLC with a 5 times daily leveraged exposure to the US equity index is based on a Leveraged Strategy referencing closing level of the US equity index as of the Relevant Stock Exchange market close.

During Singapore time zone, the market price of the DLC may be affected by the price of the relevant futures contracts over the US equity index which are trading during the SGX trading hours. Consequentially the market price of the DLC during Singapore Exchange trading hours may deviate from the published levels of the US equity index and/or the Air Bag Trigger Levels during the US trading hours on the same day.
DLC Funds Flow Chart
Each DLC’s funds flow for the previous trading day on 17/10/2022 is calculated by change in the DLC’s outstanding units for the period from 14/10/2022 to 17/10/2022 (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
(%)
DLGW BYD 5xLongSG230914 +0.166
(+30.53%)
DLFW BYD 5xLongSG230803 +0.026
(+29.91%)
DXGW ANTA 5xShortSG231019 +0.053
(+29.87%)
DLCW BYD 5xLongSG230202 +0.009
(+29.07%)
DIIW Sunny 5xLongSG230620 +0.007
(+21.66%)
Code Name Bid Change1
(%)
DDTW BYD 5xShortSG230620 -0.765
(-27.92%)
DMMW BYD 5xShortSG230914 -0.423
(-27.78%)
DZWW BYD 5xShortSG230202 -0.016
(-27.74%)
DBPW ANTA 5xLongSG240620 -0.067
(-27.34%)
MHLW BYD 5xShortSG221115 -0.022
(-27.08%)
Bid Change (%)1: Current Bid Price / Intrinsic Closing Value - 1
Intinsic Closing Value: Last updated on 17/10/2022
  READ MORE  
Top 10 traded DLCs
Code Name Underlying1
Chg (%)		 Bid Change2
(%)		 Bid Price Value traded
DHSW HSBC 5xLongSG230920 +1.70% +0.049
(+9.40%)		 0.570 171K
DDEW Geely 5xShortSG230126 +1.52% -0.006
(-8.33%)		 0.066 138K
DHQW STEng 5xLongSG250515 -0.31% 0
(0.00%)		 0.115 119K
DKEW KepCorp 5xLongSG230920 +0.30% +0.066
(+3.02%)		 2.250 112K
X1KW YZJ 5xLongSG231115 +2.63% +0.102
(+11.23%)		 1.010 98K
DSHW Geely 5xShortSG221215 +1.52% -0.023
(-7.84%)		 0.270 97K
DJEW Meituan 5xLongSG230330 +2.94% +0.022
(+15.95%)		 0.160 96K
DHNW KepCorp 5xLongSG240424 +0.30% +0.018
(+2.97%)		 0.625 94K
DLGW BYD 5xLongSG230914 +5.91% +0.166
(+30.53%)		 0.710 92K
DNJW Galaxy 5xLongSG230914 +0.24% +0.018
(+2.94%)		 0.630 81K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 17/10/2022 and 18/10/2022 09:49.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 17/10/2022 and last bid price on 18/10/2022 09:49.
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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.

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