💰Nasdaq's 20K Milestone & SGX-listed Mag 7 DLCs' Big Gains

On Wednesday, the Nasdaq Composite Index $.IXIC(.IXIC)$ reached a new high, surpassing 20,000 points. This is a significant milestone for the tech-heavy index, indicating a strong market sentiment.

Several Nasdaq-listed companies, including $Alphabet(GOOG)$ , $Meta Platforms, Inc.(META)$, $Tesla Motors(TSLA)$, $Costco(COST)$ and $Netflix(NFLX)$, also hit new highs, reflecting the robust performance of these individual stocks.

Asian markets on Thursday, Chinese assets showed an unusual rise. As of 13:00 noon press time, Hong Kong stock market $HAIDILAO(06862)$ +5.07%, $BILIBILI-W(09626)$ +6.56%, $MEITU(01357)$ +12.58%, $PA GOODDOCTOR(01833)$ +17.26%, $JIUMAOJIU(09922)$ +8.7%, all saw significant increases.

The Singapore market also showed positive movement with the $STI.SI(STI.SI)$( +0.4%), $FSTAS.SI(FSTAS.SI)$ (+0.37%) both experiencing gains.

In the Movers & Shakers of Tiger APP, we found that many DLCs in the SGX market performed exceptionally well, with some recording gains over 20%.

Data from Tiger Trade, As of 1pm of 12th December 2024

• $TSYW +24.11% $TESLA 3xLongSG261006(TSYW.SI)$ +24.11%,

• $USJW +22.72% $ALPHAB 3xLongSG261006(USJW.SI)$ +22.72%

• $UMCW +19.85% $HSTECH 7xLongSG261105(UMCW.SI)$ +19.85%;

• $HOJW +25% $HSI 23400MBeCW241230(HOJW.SI)$ +25%;

• $NVIW +12.5% $NVDA 3xLongSG261006(NVIW.SI)$ +12.5%

• $VLSW +10.8% $BYD 5xLongSG251216(VLSW.SI)$ +10.8%

• $DRKW +9.4% $Meituan 5xLongSG241126(DRKW.SI)$ +9.4%

• $USAW +9.02% $AMZN 3xLongSG261006(USAW.SI)$ +9.02%

$.IXIC(.IXIC)$ is celebrating its 20K milestone! Let's check out the SGX-listed MAG 7 DLCs that benefited from this monster rally.

Looks like tha $ALPHAB 3xLongSG261006(USJW.SI)$ and $TESLA 3xLongSG261006(TSYW.SI)$ were more popular in the market with gains over 20%. However, $Meta Platforms, Inc.(META)$ ‘s DLC $META 3xLongSG261006(USDW.SI)$ had no trading and the day change % is 0. $Apple(AAPL)$ ‘s $APPLE 3xLongSG261006(MACW.SI)$ just gained 1.26%.

The above double-digit gains in SGX DLCs highlight the potential for significant returns in a market that is experiencing a Christmas Rally. Investors who are holding these Dlcs are likely enjoying the surge, and those who are still considering their investment options might find these DLCs or ETFs as an attractive way to boost their purchasing power and trading ideas, especially with the performance of the underlying assets being so strong.

Have you noticed these DLCs?

• Did the stocks you are holding reach new highs yesterday?

• What stocks do you currently hold? Are you still enjoying this Christmas Rally?

What the definition of DLC

SGX Listed DLC refers to the Daily Leverage Certificates listed on the Singapore Exchange (SGX). These products allow investors to invest in the daily performance of specific indices or individual stocks through the leverage effect, which can be long (Long) or short (Short). Here are some key pieces of information about SGX Listed DLCs:

Product Features:

• DLCs offer fixed daily leveraged exposure to underlying assets, such as indices or individual stocks.

• Investors can trade DLCs that are long or short to take advantage of short-term market rallies or declines.

• DLCs are exchange-traded financial products that provide daily leverage of up to 3x, 5x, or 7x.

Trading Hours:

• For DLCs tracking Singapore underlying indices/Singapore stocks, the trading hours are from 09:00am to 12:00pm and 01:00pm to 05:00pm.

Happy investing and boost purchasing power and trading ideas with Cash Boost Account!

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

• Join telegram to win SGD10

• How to open a CBA.

• How to link your CDP account.

• Other FAQs on CBA.

• Cash Boost Account Website.