Shares & Derivatives
SGX Plunged!
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 28, 2020
Walau! $7 to $8 coming??? THE stock price of the Singapore Exchange (SGX) plunged on Wednesday after it announced that it would discontinue its MSCI equity index futures and options contracts, save for those under MSCI Singapore, when their licence agreements expire in February next year. SGX fell 11.8 per cent or S$1.17 to S$8.73 as at 3.40pm on Wednesday, after 10.7 million shares changed hands. This marks the lowest share price for the counter in two months. SGX shares traded at S$8.59 on March 24. It was the most traded stock by value on the Singapore bourse by Wednesday afternoon, even though it had lifted its trading halt only during the midday break. MSCI contracts are ~15% of Equity Derivatives DAV; ~12% of Total Derivatives DAV  Potential proforma 10% to 15% impact to FY2021 NPAT, assuming full 12 months and before mitigating actions...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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