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| Symbol | SING30 |
| Name | Singapore Strait Times 30 Spot Index CFD |
| Quote Currency | SGD |
| Monday Open | 02:35 |
| Friday Close | 22:40 |
| Session Break | Daily: 11:15 - 11:55, 22:40 - 02:35 |
| Spread As Low as (Quote Currency) | 0.22 |
| Commission | No |
| Contract Size (Per Lot) | 1 |
| Minimum Contract Size (Lot) | 0.01 |
| Minimum Step Size (Lot) | 0.01 |
| Limit and Stop Level | 0 |
| Leverage Up To | 1:500 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Exchange | SGX |
| Sector | Index |
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The Singapore 30 Index or SING30 is a market capitalization-weighted stock market index that tracks the performance of the largest companies in Singapore. It encompasses a diverse range of sectors, reflecting the broad economic landscape of this dynamic Asian market. In Spot CFD trading, the SING30 allows traders to speculate on the collective movements of these leading companies without direct stock ownership.
Economic Growth and Stability:
As Singapore is a major financial hub in Asia, its economic health significantly impacts the SING30. Factors such as GDP growth, trade balances, and government policies can influence the index.
Regional Market Dynamics:
Being in a strategic location in Asia, Singapore’s market is influenced by regional economic trends, including those in neighboring countries like China, India, and Malaysia.
Sectoral Performance:
The SING30 covers various sectors, including finance, real estate, and technology. The performance of these sectors can collectively influence the index.
Global Economic Sentiment:
As a global financial center, Singapore is susceptible to international economic trends, including global trade policies, currency fluctuations, and geopolitical events.
Company Earnings and Performance:
The financial health and performance of the 30 companies in the index play a crucial role in its movement.
The Singapore 30 (SING30) offers a window into trading Singapore’s leading companies. The key to navigating the SING30 effectively, is to keep up with various factors that drive it, from the domestic economic indicators to regional and global trends.
Regional Developments
It is crucial to keep up-to-date with Singapore economic and political news as well the broader Asian region.
Monitor Global Market Trends
Global economic developments can have a significant impact on the SING30, making international market analysis also important.
Sector Analysis
Look into the sectors represented in the SING30. This will offer insights into potential index movements.
Technical Analysis
Utilize charting tools and technical indicators. These can assist in predicting the index's future movements.
Risk Management
Given the potential volatility in emerging market indices, effective risk management strategies are important.
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The SING30 is influenced by the performance of the top 30 companies listed on the SGX. Factors impacting these companies include corporate earnings, Singapore’s economic indicators, regional economic trends, global market sentiment, and geopolitical events.
Economic conditions such as GDP growth, trade balances, inflation rates, and monetary policies in Singapore and neighboring countries can significantly impact the SING30. Positive economic data typically boosts investor confidence, while negative data can lead to market declines.
The best times to trade SING30 CFDs are during the Singapore Exchange trading hours, particularly when significant economic reports are released or during major corporate announcements from companies within the index.
Traders often employ strategies such as technical analysis, fundamental analysis, and trend following for SING30 CFDs. It’s also common to trade based on economic news releases and corporate earnings reports.
Geopolitical events, especially those impacting Southeast Asia or major trading partners of Singapore, can affect the SING30. These events can lead to increased market volatility and impact investor sentiment.
Corporate earnings reports from companies in the SING30 can significantly impact the index’s performance. Strong earnings can drive the index up, while weak earnings can result in declines.
Yes, global economic events that influence investor confidence, international trade, and global financial markets can significantly affect the SING30.
New traders should understand the dynamics of the Singapore stock market, be aware of the economic factors influencing the region, and develop a sound risk management strategy. It’s important to understand how CFDs work, including the implications of leverage.
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