Singapore Blue Chip Spread Betting
Where Can I Spread Bet on the Singapore Blue Chip? |
You can currently spread bet on the Singapore Blue Chip and other indices at:
» IG
» GFT
» City Index
» CMC Markets (Offers Singapore 30 market)
The Singapore Blue Chip index may be available with other brokers.
Where Can I Trade the Singapore Blue Chip for Free? |
It depends upon what you mean by free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on the Singapore Blue Chip and other index markets commission free and with no brokers' fees with IG Index.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
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How to Spread Bet on the Singapore Blue Chip? |
As with a wide range of markets, it is possible to spread bet on stock market indices, such as the Singapore Blue Chip Index, to rise or fall.
Looking at a financial spread betting site like IGIndex, we can see they have priced the Singapore Blue Chip Index October Futures market at 346.70 - 347.10. This means you can spread bet on the Singapore Blue Chip Index:
 Closing above 347.10, or
 Closing below 346.70
On the settlement date for this 'October' market, 30-Oct-12.
When spread betting on the Singapore Blue Chip Index you trade in £x per point. Therefore, if you chose to invest £3 per point and the Singapore Blue Chip Index moves 32 points then that would change your P&L by £96. £3 per point x 32 points = £96.
For short term trading on a range of indices also see Indices Rolling Daily Spread Betting.
Singapore Blue Chip Index Futures - Index Trading Example |
Now, if we think about the above spread of 346.70 - 347.10 and assume:
- You have completed your research, and
- You analysis leads you to feel that the Singapore Blue Chip Index will settle above 347.10 by 30-Oct-12
Then you might decide to buy at 347.10 and risk, for example, £15 per point.
Therefore, you make a profit of £15 for every point that the Singapore Blue Chip Index pushes higher than 347.10. Conversely, however, you will make a loss of £15 for every point that the Singapore Blue Chip Index market moves below 347.10.
Thinking of this in a slightly different way, should you buy a spread bet then your profits (or losses) are found by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that difference in price by your stake.
With that in mind, if, on the closing date, the Singapore Blue Chip Index settled higher at 354.00, then:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = (354.00 - 347.10) x £15 per point stake
Profits (or losses) = 6.90 x £15 per point stake
Profits (or losses) = £103.50 profit
Trading stock market indices can go against you. In this case, you wanted the Singapore stock market index to increase. Nevertheless, it can also go down.
If the Singapore stock market had weakened, with the Singapore Blue Chip Index closing lower at 339.30, then you would end up making a loss and losing on this trade.
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = (339.30 - 347.10) x £15 per point stake
Profits (or losses) = -7.80 x £15 per point stake
Profits (or losses) = -£117.00 loss
Note: Singapore Blue Chip Index October Futures spread betting market quoted as of 10-Oct-11.
Where Can I Find Free Live Singapore Blue Chip Prices? |
If you want to access quick live market information then you could do worse than opening an account with a spread betting company like IG Index.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
Singapore Blue Chip Charts Example |
As mentioned above, you can get free charts with spread betting companies like IG.
As with most candlestick charts, you can alter the charts to see market data by the minute, by the hour, by the week etc. There are also a number of other settings designed to help you analyse the markets.
Example Stock Market Charts:
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
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'Singapore Blue Chip Index Spread Betting' edited by Jenna Cutly, updated 13-Apr-17
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Singapore Blue Chip Index Spread Betting
In our Singapore Blue Chip spread betting guide we review where to get live charts, where to spread bet on the Singapore Blue Chip stock market index tax-free* and with 0% commission, how to trade and... » read from top.
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