The overall traded volume of Daily Leverage Certificates (DLCs) in Singapore increased last month with investors piggy bagging on the stock price spike of Chinese automotive group Geely. Investor appetite for structured warrants, however, remains sluggish as uncertain market conditions persist.
The volume of DLCs traded in the Singapore exchange was up almost 30% last month from August to 373 million, according to SGX data. The rise is largely attributed to trading involving DLCs linked to the Geely share. “In the month of September, there were significant volumes traded in the Geely DLC,” said Keri Neo ( pictured ), head of products at SGX. “Geely DLCs traded 52.6% by volume and 20.8% by value [out of the total].” Neo added that Geely DLCs are a “low-pr
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