In today’s briefing:
- CSI All Share Semiconductor Index Rebalance Preview: Multiple Index Flows for Some Stocks
- [IO Technicals Weekly 2025/14]: Price Bearishness to Persist
CSI All Share Semiconductor Index Rebalance Preview: Multiple Index Flows for Some Stocks
- The review period for the June rebalance of the CSI All Share Semiconductor Index ends 30 April. The changes should be announced on 30 May and implemented on 13 June.
- We forecast 4/5 adds and 8 deletes for the index with a one-way turnover of 2.4% and a round-trip trade of CNY 990m (US$136m).
- There are many forecast adds and deletes that will have same side flows from trackers of the CES China Semiconductor Chips Index and the CNI Semiconductor Chips Index.
[IO Technicals Weekly 2025/14]: Price Bearishness to Persist
- Managed Money switched to net short, Physicals switched to net long while FIs increased net long positions last week.
- Prices touched a high of $99.25/ton on 17/Apr and a low of $96.55/ton on 14/Apr. It traded in a range of $2.70/ton during the week.
- Based on seasonality, SGX IO Futures May contract trades 23.8% below its last 5-year average ($128.37/ton).
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
