Posted on

Call warrant HSI-C7F rose 30% w-o-w

Warrants Commentary (10 to 13 September)

The Malaysian warrants market was sloppy last week, only clocking in a turnover of RM347.3mil., 10.7% lower compared to the prior week. Fears over the escalating trade war dampened last week as U.S. President Donald Trump decided to delay the tariffs hike on USD250bil. worth of Chinese goods as a “gesture of good will” ahead of the trade talks in October (South China Morning Post, 12 Sep). The Hang Seng Index (HSI) futures sustained the strong momentum from the prior week to record 2 consecutive weeks of gains. The HSI futures traded below the 27,000 mark last Tuesday but then saw huge buying throughout the day on Wednesday to finish at 27,109 points. On the same day, the Hong Kong Stock Exchange announced that they are going to make a USD36.6bil. bid for the London Stock Exchange (South China Morning Post, 11 Sep). The HSI futures were flirting around the 27,000 level on Thursday before breaking out to close at 27,309 points on Friday, advancing 2.7% week-on-week (w-o-w).

Continue reading Call warrant HSI-C7F rose 30% w-o-w
Posted on

Episodic week for HSI warrants

Warrants Commentary (2 to 6 September)

Last week saw a lower turnover in the Malaysian warrants market compared to the previous week, partly due to the shorter trading week. Total warrants turnover came up to RM388.7mil. for the week or RM97.2mil. on average per day, lower than the average of RM111.7mil. in the previous week. However, warrants turnover on Tuesday and Wednesday skyrocketed in view of the increased volatility in the Hang Seng Index (HSI); turnover for warrants over the HSI was RM326.1mil., comprising 83.9% of overall turnover.

Continue reading Episodic week for HSI warrants
Posted on

Call warrant HSI-C7F stole the limelight

Warrants Commentary (26 August to 30 August)

The Malaysian warrants market recorded a total turnover of RM558.4mil. last week, 33.0% higher compared to a week ago. This can be attributed to the eventful week, with the escalation of the U.S.-China trade war, the G7 leaders’ summit, and the continuing Hong Kong protests. Warrants over the Hang Seng Index (HSI) continued to dominate the warrants space with a turnover of RM418.5mil., making up 74.9% of total warrants turnover last week. Continue reading Call warrant HSI-C7F stole the limelight

Posted on

Trading in HSI warrants lower despite HSI’s 1.7% recovery

Warrants Commentary (19 August to 23 August)

Last week, the Hang Seng Index (HSI) showed a recovery, trading above the 26,000 level for the whole week, which was supported by Beijing’s plan to reform its interest rate system and lower borrowing costs (Bloomberg, 19 August). On Tuesday (20 August), China made its first move to implement a long-awaited change to its interest rate policy by lowering its lending reference rate to 4.25%  through a new market-oriented pricing mechanism. This move would result in cheaper borrowing costs for companies, providing a modest easing of monetary conditions in China’s economy amid the trade war with the United States.

Continue reading Trading in HSI warrants lower despite HSI’s 1.7% recovery
Posted on

Put warrant HSI-H6Q recorded 53.0% gain for the week

Warrants Commentary (5 August to 9 August)

The Malaysian warrants market was heated up last week with a total RM594.8mil. traded, the highest weekly turnover since May 2019. The increased trading activity can be attributed to rising volatility in the global equity markets which includes the Hang Seng Index (HSI). Warrants over the HSI continued to dominate the warrants space with RM463.9mil. in weekly turnover, making up a staggering 78.0% of the total warrants market.

Continue reading Put warrant HSI-H6Q recorded 53.0% gain for the week
Posted on

Warrants trading activity higher last week

Warrants Commentary (22 July to 26 July)

Trading activity in structured warrants increased last week as the overall warrants turnover surged 19.6% to RM478.4mil. Warrants over the Hang Seng Index (HSI) remained one of the biggest contributors to the Malaysian warrants space, contributing 68% of the warrants turnover while single stock warrants contributed approximately 29.2%. 

Continue reading Warrants trading activity higher last week
Posted on

Warrants over Malaysian shares gain attention

Warrants Commentary (15 July to 19 July)

Last week was a quieter week for the warrants market, with turnover clocking in at RM400mil, 7.6% lower than the previous week, due to lower volumes throughout. However, we saw heightened activity in selected warrants over Malaysian shares, namely Ekovest and Petronas Chemical (PCHEM), while warrants over My E.G. Services (MYEG) remained popular.

Continue reading Warrants over Malaysian shares gain attention
Posted on

HSI-C5P and MYEG-C68 stole the limelight

Warrants Commentary (8 July to 12 July)

The Malaysia warrants market recorded a turnover of RM432.5mil. last week, 13.9% higher than the preceding week. Warrants over the Hang Seng Index (HSI) continued to be investors’ favourite with RM317.1mil. traded, mainly driven by the increased volatility in Asia’s most active stock market.

Continue reading HSI-C5P and MYEG-C68 stole the limelight
Posted on

G20 meeting boosts market sentiment for HSI

Warrants Commentary (1 July to 5 July)

Last week, despite the protests occurring in Hong Kong on its public holiday in conjunction with the HKSAR Establishment Day on Monday, the Hang Seng Index (HSI) had a strong rally, trading above the 28,000 level when it reopened from the long weekend.  Market sentiments were boosted after the US-China meeting at the Group of 20 (G20) Summit last Saturday, which ended with a truce as both parties agreed to resume talks that have stalled since May. The meeting saw Trump putting on hold the additional tariffs on USD300bil. worth of Chinese products which he had earlier threatened.

Continue reading G20 meeting boosts market sentiment for HSI