Nasdaq-100 Hits Record High; 7x Long DLC Gains +48% in Past 5 Trading Days

Nasdaq-100 Index

The tech-heavy $NASDAQ-100(.NDX.US) reached a new record high on Tuesday (22 September), as lower oil prices and optimism surrounding AI developments supported gains in technology stocks.

The Nasdaq-100 has rallied around +6% in the past 5 trading days since the Fed announced its interest rate decision last week, lifting the $Nasdaq 7xLongSG280330(MFVW.SG)  by around +48%, while the $Nasdaq 7xShortSG280616(W5BW.SG) declined by around -37% in the same period.

Sandisk and Micron

Among DLC-covered underlyings, chip stocks $Sandisk(SNDK.US)  and $Micron Tech(MU.US)  were the top performers with gains of around +24% and +18% respectively in the last 5 trading days.

Amplifying the move, the $Sandisk 3xLongSG280726(ZIPW.SG) gained around +80%, while the $Sandisk 3xShortSG280726(NNSW.SG)  fell by around -55%.

Meanwhile, the $Micron 3xLongSG280913(44BW.SG) gained around +61%, with the $Micron 3xShortSG280622(1J9W.SG) fell by around -43%.

Investors who expect the positive momentum to continue may consider 3x/5x Long DLCs on selected U.S. underlyings. Conversely, investors anticipating a reversal or market pullback may consider 3x/5x Short DLCs for inverse exposure.

View the full list of DLCs here.

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.