SYGCN - Sygnia Itrix New China Sectors ETF

Jul 26, 2024 at 20:22 Twitter · Facebook

SYGCN share price on Johannesburg Stock Exchange

The Sygnia Itrix New China Sectors ETF is an exchange-traded fund in the Sygnia Itrix Collective Investment Scheme in Securities, managed by Sygnia Itrix (RF) Propriety Ltd. The SYGCN ETF aims to track the S&P New China Sectors Index which measures the performance of China- and Hong Kong-domiciled companies in consumption and service-oriented industries. All Chinese share classes including A-shares and offshore listings are eligible for inclusion.

Historically, China’s growth has been driven by companies in the banking, natural resources, and manufacturing sectors—many of which are state-owned enterprises. However, as the country’s economy matures, consumption and service-related industries are becoming structurally more important. Since China’s stock market still has significant exposure to these “old economy” sectors, many market participants are seeking alternative index solutions to participate more directly in the country’s fastest growth areas.

Sygnia Itrix New China Sectors ETF is listed on the Johannesburg Stock Exchange (JSE) since April 20th, 2022. Sygnia Itrix New China Sectors ETF is traded on the JSE under the ticker symbol “SYGCN”. The International Securities Identification Number (ISIN) of JSE:SYGCN is ZAE000309159. Sygnia Itrix New China Sectors ETF is currently the 359th most valuable stock on the JSE with a market capitalization of ZAR 75.8 million, which is about 0.0004% of the Johannesburg Stock Exchange equity market.

SYGCN Stock Market Performance

The current share price of Sygnia Itrix New China Sectors ETF (SYGCN) is ZAR 25.87. SYGCN closed its last trading day (Friday, July 26, 2024) at 25.87 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.9% drop from its previous closing price of 26.11 ZAR. Sygnia Itrix New China Sectors ETF began the year with a share price of 28.27 ZAR but has since lost 8.49% off that price valuation, ranking it 316th on the JSE in terms of year-to-date performance.

Sygnia Itrix New China Sectors ETF is the 293rd most traded stock on the Johannesburg Stock Exchange over the past three months (Apr 26 - Jul 26, 2024). SYGCN has traded a total volume of 648,686 shares—in 450 deals—valued at ZAR 18.2 million over the period, with an average of 10,297 traded shares per session. A volume high of 56,945 was achieved on July 22nd, and a low of 32 on July 12th, for the same period. The table below details the last 10 trading days of activity of Sygnia Itrix New China Sectors ETF on the Johannesburg Stock Exchange.

Profile of Sygnia Itrix (RF) Pty Limited

Sygnia Itrix (RF) Pty Limited operates in the Financials sector, specifically, the Investment Services industry.

SYGCN Industrial Market Competitors

Sygnia Itrix (RF) Pty Limited, issuers of the SYGCN, Sygnia Itrix FANG.AI Actively Managed ETF (+19.48%), Sygnia Itrix S&P 500 ETF (+11.65%), Sygnia Itrix MSCI US ETF (+11.21%), Sygnia Itrix S&P Global 1200 ESG ETF (+9.19%), Sygnia Itrix MSCI World Index ETF (+8.75%), Sygnia Itrix MSCI EM 50 ETF (+8.48%), Sygnia Itrix SOL H150 ETF (+8.42%), Sygnia Itrix FTSE 100 ETF (+6.1%), Sygnia Itrix Top 40 ETF (+5.17%) and Sygnia Itrix EURO STOXX 50 ETF (+4.92%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange