CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Singapore stock preview: SGX, Nio, Singtel

Here are three SGX-ST mainboard stocks to watch for the week of 12 July 2022.

Source: Bloomberg

Singapore Exchange (SGX: S68)

Singapore Exchange (SGX) said derivatives trading activity ‘rose strongly’ in June 2022, ‘rounding off a robust half-year as sustained volatility in global markets drove institutional demand for portfolio risk management’.

Derivatives traded volume increased 24% year-on-year (YoY) in June to 23.5 million contracts, the highest in three months.

For the first half of 2022 – a period when participants were challenged by severe market conditions, volume was up 13% from July to December 2021 at 116.7 million contracts, with derivatives daily average volume (DDAV) rising 18%.

SGX Equity Derivatives traded volume also increased 25% YoY in June to 16.9 million contracts. Gains were led by SGX FTSE China A50 Index Futures, as volume climbed 20% YoY for the month to 9.4 million contracts.

NIO (SGX: NIO)

NIO’s board of directors has decided to form an independent committee consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, to oversee an independent investigation regarding the allegations made in a recent report issued by short-seller firm, Grizzly Research LLC.

‘The independent committee has retained independent professional advisors to assist with the independent investigation, including an international law firm and a well-regarded forensic accounting firm,’ the Chinese electric vehicle maker said.

The company will provide updates on the independent investigation in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited.

Singtel (SGZ: Z74)

Singtel’s Indian subsidiary, Bharti Airtel, has approved the allotment of 27,543 fully paid-up equity shares of face value 5 rupees each at a conversion price of 523 rupees per equity share (adjusted in accordance with the terms of the offering circular) to such holder of foreign currency convertible bonds (FCCBs).

This is in reference to the US$1 billion 1.50% convertible bonds due 2025 issued by the company vide offering circular dated 14 January 2020.

Consequently, paid-up equity share capital of the company has increased to 27.95 billion rupees, while outstanding principal value of FCCBs, as listed on the Singapore Exchange Limited, reduced from US$1 billion to US$999.8 million.

Thinking of trading SGX, NIO or Singtel stocks?

Go long or short via CFDs on these Singapore shares with our award-winning platform.* Open an account with us to start trading shares immediately.

*Awarded the Best Online Trading Platform by Influential Brands in 2021.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.