Buy or sell Singapore shares CFD in rising and falling markets

18 May 2021

Buy or sell Singapore shares CFD in rising and falling markets.
As low as one share CFD. No minimum fee. Zero commission. No platform fee.

The announcement of stricter measures in Phase 2 (Heightened Alert) led Singapore stocks to tumble last week.

Shares CFD lets you trade in rising as well as falling market and is a good tool to use in times of market volatility. To make it even more accessible, all SGX shares CFD have a minimum tradable size of one share. Read on for what our analyst has to say about the Singapore market.

STI: The STI took a nosedive to cap off the week, plummeting -1.6% in just one day on Friday. This took the STI’s loss last week to -4.7% from just last week, a near-150 point slump, and one of the sharpest declines in months. The STI largely mirrored the performance of the MSCI AC Asia Index (MXAP: -4.9% this week), although the STI was still up +7.3% YTD ahead of the MSCI AC Asia Index (MXAP: -1.0% YTD). All companies listed on the STI closed in the red this week, with half of the index’s 30 companies registering more than -5% declines. Last week’s performance took the STI to early-March levels, where the index only then broke out of 3000 mark, just over a year after the Covid-19 crash caused the STI to plunge from 3200 to 2200 in just one month. A key reason for the STI’s weak performance last week was the outbreak of several Covid clusters that have so far increasingly proven to be out of the government’s control. As of Friday (14 May), the government announced a one month lockdown stretching from the 16 May to the 13 June, further hurting investor sentiment.

Dairy Farm International (DFI SP: -0.2%) had the dubious honour of losing the least last week. Looking ahead, Dairy Farm’s outlook will likely be less impacted than that of many other STI constituents, given its core grocery and supermarket businesses. For comparison, another SGX stock – Sheng Siong Group Ltd that operates a chain of affordable, heartland-based supermarkets, was also up over +10% in a single day on Friday as sentiment in supermarkets again picks up due to the announcement of fresh lockdowns.

Singapore Airlines (SIA SP: -9.1%) yet again registered the steepest loss, and was closely followed by SATS Ltd (SATS SP: -7.8%). Sentiment for the recovery of leisure air travel has been all but obliterated in at least the short-term, after receiving weeks of mixed messages from the announcement of (and then delay in) the Hong Kong travel bubble, as well as the hope for Singapore to begin wider air travel again with other countries that have managed the pandemic well.


Fireside Chat: Beating Inflation with the Singapore Stock Market

Attend a fireside chat Beating Inflation with the Singapore Stock Market on 15 June, 8:00pm Singapore time, featuring CEO of Phillip Futures Teyu Che Chern and analyst Mooris Tjioe as they discuss the sectors and companies that may be impacted positively as well as negatively by inflation, and explain how you can position yourself to beat inflation.


Buy or sell Singapore shares CFD in rising and falling markets. As low as one share CFD. No minimum fee. Zero commission. No platform fee. The announcement of stricter measures in Phase 2 (Heightened Alert) led Singapore stocks to tumble last week. Shares CFD lets you trade in rising as well as falling market and is a good tool to use in times of market volatility. To make it even more accessible, all SGX shares CFD have a minimum tradable size of one share. Read on for what our analyst has to say about the Singapore market. STI: The STI took a nosedive to cap off the week, plummeting -1.6% in just one day on Friday. This took the STI’s loss last week to -4.7% from just last week, a near-150 point slump, and one of the sharpest declines in months. The STI largely mirrored the performance of the MSCI AC Asia Index (MXAP: -4.9% this week), although the STI was still up +7.3% YTD ahead of the MSCI AC Asia Index (MXAP: -1.0% YTD). All companies listed on the STI closed in the red this week, with half of the index’s 30 companies registering more than -5% declines. Last week’s performance took the STI to early-March levels, where the index only then broke out of 3000 mark, just over a year after the Covid-19 crash caused the STI to plunge from 3200 to 2200 in just one month. A key reason for the STI’s weak performance last week was the outbreak of several Covid clusters that have so far increasingly proven to be out of the government’s control. As of Friday (14 May), the government announced a one month lockdown stretching from the 16 May to the 13 June, further hurting investor sentiment. Dairy Farm International (DFI SP: -0.2%) had the dubious honour of losing the least last week. Looking ahead, Dairy Farm’s outlook will likely be less impacted than that of many other STI constituents, given its core grocery and supermarket businesses. For comparison, another SGX stock – Sheng Siong Group Ltd that operates a chain of affordable, heartland-based supermarkets, was also up over +10% in a single day on Friday as sentiment in supermarkets again picks up due to the announcement of fresh lockdowns. Singapore Airlines (SIA SP: -9.1%) yet again registered the steepest loss, and was closely followed by SATS Ltd (SATS SP: -7.8%). Sentiment for the recovery of leisure air travel has been all but obliterated in at least the short-term, after receiving weeks of mixed messages from the announcement of (and then delay in) the Hong Kong travel bubble, as well as the hope for Singapore to begin wider air travel again with other countries that have managed the pandemic well.

Fireside Chat: Beating Inflation with the Singapore Stock Market

Attend a fireside chat Beating Inflation with the Singapore Stock Market on 15 June, 8:00pm Singapore time, featuring CEO of Phillip Futures Teyu Che Chern and analyst Mooris Tjioe as they discuss the sectors and companies that may be impacted positively as well as negatively by inflation, and explain how you can position yourself to beat inflation.

CFD is available for trading on Phillip MetaTrader 5 (MT5).

Features of trading CFD:

  • Trade in both the bull and the bear markets
    The ability to enter a long and/or short position allow traders to take advantage of both rising and falling markets.
  • Smaller barrier to entry
    Flexible and smaller contract sizes. This means that traders will be able to enter into a contract with a modest amount of capital.
  • No expiration date or risk of delivery
    Unlike futures which commonly have a fixed expiration date, CFD allows traders to perpetually hold the position(s). CFD is cash settled, no need to worry about the delivery of the underlying asset.

 

Benefits of using Phillip MT5:

Trade at zero commission on a dynamic platform that offers low spreads. Integrated with Autochartist and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.

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