In my daily job as a broker, one common question that I usually get is:
Do you know who is the buyer behind the sudden spike up in stock volume?
That usually sends me on an investigative journey through SGX announcements to search reports on significant transactions by major shareholders, sometimes ending up fruitless.
We now have a great app that has just been developed for this purpose & many more purposes!
SPIKING APP
I first chanced upon Spiking via reading e27's newsletter. e27 is blog that was started out to keep track of the startups sprouting in Singapore, in particular related to tech ecosystems. Singapore is on a journey to being a smart nation, and I would recommend you to subscribe to its newletter to keep pace with all sorts of interesting technology-related businesses. This is the place where you hear the latest news about companies such as Alibaba, Grab, Carousell, Rakuten etc. Read e27's article on Spiking: Spiking raises US$750k to help you become a billionaire by trading on stock markets.
SPIKING is a new-age fintech tracking app that reveal details about who and what is behind a spike in the market. It will help you to follow the big investors as they buy and sell shares on the stock market. The data provided is verified and updated real-time, hence cutting out gossips, rumours and speculation.
The startup company that launched this app is supported by National Research Foundation, Singapore Prime Minister's Office under the Interactive & Digital Media Strategic Research Programme's i.JAM Reload Initiative.
The App is free and available for download on your iPhone and Andriod devices:
I tried out the App and although I didn't find it particularly useful for spikes (typical of penny stocks), here are a few snapshots on what I found to be very useful:
I found UOB Kay-Hian on record today for a couple of significant transactions done yesterday (03Oct 2016):
Tapping on UOB KayHian:
Mr Wee Ee Chao had a significant transaction of 104.7k shares @ $1.31 via a market transaction. I then tabbed on "Wee Ee Chao" to know more about his transactions and portfolio. This shows me that Mr Wee had a deemed ownership of 200.44M shares in UOB KayHian, which makes up a shareholding of 25.58%, worth $262.58M:
The App also shows the chart and description of the company:
And the substantial and top 20 shareholders of the company. This information can be especially important for takeovers and privatizations:
The App also has an alert criteria that you can set (I usually use Lim&Tan platform alerts):
On the other hand, the Spiking App can also be utilised for tracking what institutions (aka funds) are buying. For example, I searched on Aberdeen International Funds Managers Limited, which showed me that the fund has a portfolio of $453.54M. It reduced it's shareholdings in Bukit Sembawang sometime in April 2016:
- you can select to follow big investors or follow a particular stock
- you can check the latest announcements on the stock
- you can share the information with others
- you can add a friend and get notified when he/she buys/sells shares
Spiking also sends our a weekly letter to your mailbox, I received mine yesterday evening:
Overall, I found the Spiking App to be very helpful in keeping track of the big boys buying/selling stocks that are in your portfolio. Previously I have to run through several areas on SGX Website to piece together shareholder information. Spiking does all this for me in one simple-to-use App. Certainly, a handy App worth having on your smartphone.
Conclusion: It's worth a try, since it's free too! :)
Read about Spiking here, this is where I first saw it recently.
