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Slower market, though HSI warrants remain active

Warrants Commentary (2 to 6 December)

Last week, the Malaysia warrants market saw a general slowdown in trading activity as we entered into the first week of December, though warrants over the Hang Seng Index (HSI) still maintained an average daily turnover of RM37.2mil. Total turnover came up to RM247.5mil, a decline from RM319.3mil in the previous week.  Continue reading Slower market, though HSI warrants remain active

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Newsbreaks spur the Malaysia warrants market

Warrants Commentary (25 to 29 November)

Last Sunday (24 Nov), Hong Kong held its district council elections as protests paused to allow the elections to proceed peacefully. The pro-democracy party won a landslide victory. The Hang Seng Index (HSI) surged 1.5% to 26,993.0 points on Monday, prompting investors to take profit on 17.5mil units of call warrant HSI-C7J and 13.7mil units of HSI-C7F as they rose 14.3% and 24.3%, respectively. Investors who expected a downturn bought the put warrants, namely HSI-H8E and HSI-H8F. The index then fell 0.3% on Tuesday and rose 0.1% on Wednesday.

Continue reading Newsbreaks spur the Malaysia warrants market
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Trading in HSI warrants surge as HSI suffers biggest decline in months

Warrants Commentary (11 to 15 November)

The turnover for Malaysia warrants market for the week ended 15 November 2019 surged 17.5% to RM341.8mil week-on-week (w-o-w). There was an increased trading activity in the Hang Seng Index (HSI) warrants, as the turnover increased by 36.2% to RM287.4mil from the previous week.

Last Monday (11 Nov), the HSI had its worst day in more than three months, tumbling by more than 700 points or 2.6% to finish  below  the 27,000  level at 26,926.6. Although the index rebounded 0.5% on Tuesday, it plunged a total 2.8% for the next two days, before eking out small gains  to close at 26,326.7 on Friday.

Continue reading Trading in HSI warrants surge as HSI suffers biggest decline in months
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Bullish trend extends another week

Warrants Commentary (4 to 8 November)

The overall Malaysia warrants turnover for last week came up to RM290.9mil, about 43% above the previous week’s turnover. Once again, warrants over the Hang Seng Index (HSI) dominated the warrants market, comprising 72.5% of turnover with RM211.0mil traded. Warrants over the iShares China A50 Index ETF (China A50 ETF) also held on to investors’ interests as they saw a total turnover of RM17.3mil, taking up 6.0% of the market.

Continue reading Bullish trend extends another week
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MYEG-C82 top traded among warrants over Malaysian counters

Warrants Commentary (29 October to 1 November)

Last week, overall warrants turnover shrank by 33.9% to RM203.1mil, partly due to the shorter week, in conjunction with the Deepavali holiday on Monday (28 Oct). Warrants over indices including the Hang Seng Index (HSI), FBM KLCI Index (FBMKLCI), S&P 500 Index (SP500) and the iShares China A50 Index ETF (China A50 ETF) make a combined turnover of RM152.8mil, contributing slightly over 76% of turnover. 

Continue reading MYEG-C82 top traded among warrants over Malaysian counters
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HSI and China A50 ETF warrants took up 75% of the market

Warrants Commentary (21 October to 25 October)

Last week, warrants over the Hang Seng Index (HSI) and the iShares China A50 Index ETF (China A50 ETF) collectively comprised close to 75% of the Malaysia warrants market turnover. Warrants over the HSI, making up 69.2% of the market, continued to be popular last week as the HSI seesawed throughout the week. On Monday and Tuesday, the index rose 0.25% to 26,786.2 points, but the gain did not sustain as the index then fell 0.9% to 26,566.7 points on Wednesday, after news broke that the Chinese government was planning to replace Carrie Lam, Hong Kong’s chief executive (Financial Times, 23 Oct).

Continue reading HSI and China A50 ETF warrants took up 75% of the market
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HSI-C7F and HSI-H8B among investors’ favourites

Warrants Commentary (14 October to 18 October)

The Hang Seng Index (HSI) futures continued to trend higher last week after a strong performance from the prior week. Last Monday, the HSI futures opened at 26,420.0 and finished the day with a 0.5% gain. On the same day, the US said that they are eyeing to clinch ‘phase one’ of the US-China trade deal, though China wants another round of talks before signing, according to sources (CNBC, 14 Oct). The HSI futures fell 0.2% on Tuesday before rebounding 1.5% over the next two days to finish at 26,881.0 points on Thursday. The bullish momentum hit a wall on Friday when China released weaker than expected third quarter gross domestic product (GDP) data as a result of the prolonged trade dispute (Bloomberg, 18 Oct). The HSI futures pulled back from October’s high of 27,016.0 to close 0.8% lower at 26,675.0 last Friday.

Continue reading HSI-C7F and HSI-H8B among investors’ favourites
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FBM KLCI warrants gain traction amid Budget 2020

Warrants Commentary (7 October to 11 October)

Last week kicked off with a headline from the US stating that they are banning 28 Chinese public securities bureaus and companies over their alleged role in facilitating human rights abuses in the Xinjiang region, China. In addition to this, the US put visa restrictions on Chinese officials, adding to tensions between the US and China ahead of their trade talks that were scheduled later in the week (CNBC, 8 Oct).  

Continue reading FBM KLCI warrants gain traction amid Budget 2020
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HSI declined further as protests intensified

Warrants Commentary (30 September to 4 October)

It was a rocky week for the Hong Kong Hang Seng Index (HSI) last week, with the index rising 0.5% to 26,092.3 points on Monday. The Hong Kong market was shut on Tuesday in conjunction with the National Day holiday; tensions ran high as the protests in Hong Kong continued. Monday’s rise did not sustain through the week, as the HSI fell 0.2% upon reopening on Wednesday; protests escalated further when an 18-year-old protester was injured with a shot to the chest as he swung a metal rod at a riot policeman (South China Morning Post, 2 Oct).

Continue reading HSI declined further as protests intensified