23rd July 2024 (Tuesday)
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Market Commentary
Nasdaq-100 down -8% from 10 July peak

Nasdaq-100 Index has fallen around -7.9% from a peak of 20690 points recorded on 10 July to close at 19059 points on 29 July.

S&P 500 Index has fallen around -3.6% from a peak of 5669 points recorded on 16 July to close at 5463 points on 29 July while the Dow Jones Index has fallen around -2.0% from a peak of 41376 points recorded on 18 July to close at 40539 points on 29 July.

In terms of year-to-date total return performance, the Nasdaq-100 Index remains up +13.8%, S&P 500 Index up +15.4% and Dow Jones Index up +8.7% as of 29 July. 

Investors will be focused on the Federal Reserve interest-rate decision due this Wednesday where it is widely expected officials will keep rates steady and signal a September cut. 

On top of the big Fed decision, investors will also be focused on results from Microsoft, Meta Platforms, Apple and Amazon due this week. 

To express their short-term view, investors can gain up to 7x Long and Short exposure on the US Indices with SocGen DLCs. View the full list of DLCs here. 
CUXW
Nasdaq 7xLongSG241126
NDX 7x Long
Last Price1
1.945 +0.081
(+4.35%)
Last Update: 29/07/2024 17:28
 
NCTW
Nasdaq 7xShortSG260324
NDX 7x Short
Last Price1
0.490 -0.009
(-1.80%)
Last Update: 29/07/2024 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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MOOMOO DLC PROMOTION 

PHILLIP NOVA DLC PROMOTION 

 
Education
How to Trade the US Indices DLCs?

Click here to watch the video

 
DLC Funds Flow Chart
DLC funds flow is calculated by change in DLC outstanding units (positive if there is increase in outstanding units, i.e. investors net bought DLCs from Designated Market Makers) multiplying by the last intrinsic close of the corresponding DLCs, aggregated by Underlying Asset and direction for the selected timeframe.
Last Update: 26/07/2024
 
Top Gainers / Losers
Code Name Bid Change1
(%)
Y1CW PetroCH 5xShortSG250320 +0.031
(+19.92%)
DXVW Sunny 5xShortSG241209 +0.01
(+18.69%)
XHHW CNOOC 5xShortSG250320 +0.02
(+16.92%)
DWOW BYD 5xShortSG241209 +0.034
(+16.47%)
DRSW Xiaomi 5xShortSG241114 +0.003
(+16.25%)
Code Name Bid Change1
(%)
DVKW PetroCH 5xLongSG250410 -0.091
(-19.94%)
DQUW BYD 5xLongSG250116 -0.008
(-18.34%)
VC7W Sunny 5xLongSG250423 -0.161
(-18.07%)
DIKW PetroCH 5xLongSG241030 -0.798
(-17.90%)
DEVW BYD 5xLongSG250626 -0.018
(-17.19%)
Bid Change (%)1: Data calculated based on the percentage change in last intrinsic closing value on 29/07/2024 and last bid price on 30/07/2024 11:55.
Intinsic Closing Value: Last updated on 29/07/2024
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)		 Bid Change2
(%)		 Bid Price Value traded
DISW Alibaba 5xLongSG250904 0.00% 0
(0.00%)		 0.052 187K
ZYBW HSI 7xShortSG260605 -1.16% +0.156
(+9.88%)		 1.735 148K
DZUW Geely 5xShortSG241209 -1.39% +0.012
(+5.64%)		 0.225 146K
DUHW CMOB 5xShortSG250213 -0.20% 0
(0.00%)		 0.025 132K
9ZYW HSTECH 7xShortSG260605 -1.34% +0.239
(+11.77%)		 2.270 119K
DUWW Tencent 5xLongSG250904 -1.06% -0.007
(-5.05%)		 0.132 117K
ECSW HSI 7xLongSG251218 -1.16% -0.058
(-8.14%)		 0.655 109K
DPGW SGX 5xShortSG241218 -0.41% +0.006
(+2.68%)		 0.230 100K
DEQW Alibaba 5xLongSG241126 0.00% 0
(0.00%)		 0.101 93K
DEFW SATS 5xShortSG250515 -0.32% +0.004
(+3.74%)		 0.111 92K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 29/07/2024 and 30/07/2024 11:55.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 29/07/2024 and last bid price on 30/07/2024 11:55.
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