Petrochina and CNOOC 5x Long DLCs Surged +35-40% on Oil Price Spike
U.S. equities fell sharply on Friday (6 March), extending their weekly losses. This came as oil prices spiked to up to $111/barrel over the weekend due to supply concerns after Donald Trump reiterated that the only way to end the war would be Iran's 'unconditonal surrender'.
The $S&P 500(.SPX)$ fell 1.3% last Friday, sending the S&P 7x Short DLC up about 9.2%, while the S&P 7x Long DLC declined a similar amount.
Tracking the broad decline in Wall Street, the$HSI(HSI)$ was down about 3% in morning trading on Monday (9 March), while the $MSCI Singapore Index - main 2603(SGPmain)$ sank about 2.7%.
Amplifying the returns, the HSI 7x Short DLC surged about 21%, with the HSI 7x Long DLC down a similar magnitude. The SiMSCI 7x Short DLC was up 19%, while the SiMSCI 7x Long DLC was down approximately the same amount.
Bucking the trend were oil-related stocks in Hong Kong, with $PETROCHINA(00857)$ up about 8% and $CNOOC(00883)$ up 7% shortly after market open.
Mirroring the move in the underlyings, the Petrochina 5x Long DLC rose 40%, with the Petrochina 5x Short DLC down about the same amount, and the CNOOC 5x Long DLC rose 35% while the CNOOC 5x Short DLC fell a similar magnitude.
As tensions continue and markets remain volatile, investors can continue to express their directional view using the DLCs, offering up to 7x leveraged exposure on indexes and 5x on single stocks.
View the full list of DLCs on dlc.socgen.com.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
Modify on 2026-03-09 13:10
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