SiMSCI Futures

The Singapore MSCI Index, or SiMSCI for short, represents about 50% of the underlying Singapore stock market, this Singapore stock index futures has a high correlation of about 95% with the Singapore Straits Times Index (STI). The SiMSCI Index comprises of a basket of 36 Singapore stocks. See table below.

The Singapore Exchange Derivative Trading, also known as SGX-DT, has two stock index futures based on the Singapore stock market. The SiMSCI Futures and the Strait Time Index Future.
The SGX SiMSCI Futures is more popular with investors and traders. Fund managers use the SiMSCI as a benchmark and hedge their stocks equity against SiMSCI Futures.


Constituents as of 15 May 2006
DBS Grp UOB OCBC Bk SingTel Jurong Tech
SPH Keppel Acendasreit ST Engg Want Want
Chartered CapLand ComfortDelGro SGX SembCorp
SemLog WingTai Jardine C&C UOL SingPost
OUE Haw Par SuntecReit Creative SingLand
SIA SMRT STATS ChipPac CityDev CapitalMall
F&N Datacraft Cosco Corp Olam Intl AllGreen
NOL Venture Parkway Hldgs KepLand Noble Grp

So when you buy one SiMSCI futures contract , its value and price movements are linked to the price movements of the 36 underlying stocks.

The following gives you a summary of the SGX SiMSCI Futures contract specifications.

Contract Specifications:
Contract Size – SGX S$200 x MSCI Singapore Free Index
Minimum Price Fluctuation 0.1 point
Value of one tick S$20
Contract Months 2 nearest serial months and 4 quarterly months
on March, June, September, December

2 Responses to “SiMSCI Futures”

  1. D'cruz
    3:57 pm on August 27th, 2009

    Instead of 40 stocks your website states 36 underlying stocks. Which is correct. Also can you give me contact of a broker who’s active in simsci.
    Thank you.

  2. admin
    1:50 pm on September 15th, 2009

    The information above is dated. You can get the latest constituents at http://www.mscibarra.com/eqb/licensing/derive/sg_const.html

    Apparently, there are only 27 stocks left.

    1. SINGAPORE TELECOM
    2. DBS GROUP HOLDINGS
    3. UNITED OVERSEAS BANK
    4. OCBC BANK
    5. KEPPEL CORP
    6. CAPITALAND
    7. WILMAR INTERNATIONAL
    8. SINGAPORE EXCHANGE
    9. SINGAPORE AIRLINES
    10. SINGAPORE PRESS HLDG
    11. CITY DEVELOPMENTS
    12. GENTING SINGAPORE PLC
    13. FRASER AND NEAVE
    14. CAPITAMALL TRUST
    15. SINGAPORE TECH ENGR.
    16. SEMBCORP INDUSTRIES
    17. GOLDEN AGRI RESOURCES
    18. NOBLE GROUP
    19. COMFORTDELGRO
    20. JARDINE CYCLE & CARRIAGE
    21. OLAM INTERNATIONAL
    22. SEMBCORP MARINE
    23. ASCENDAS REAL ESTATE INV
    24. UNITED OVERSEAS LAND
    25. NEPTUNE ORIENT LINES
    26. STARHUB
    27. COSCO CORP SINGAPORE

    All the big houses are “active” in SiMSCI e.g. MF Global

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