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Call warrant HSI-C5D defends its throne

Warrants Commentary (15 Apr to 19 Apr 2019)

The warrants market saw a dip in turnover last week to RM419.8mil, 25.0% lower week-on-week (w-o-w).  The Hang Seng Index (HSI) futures started the week on a bullish note by hitting 30,336.0 points on Monday morning, the highest level this year, before erasing all gains to close 0.4% lower on the same day. Later on, the HSI futures rallied a total of 1.1% over Tuesday and Wednesday, also backed by China’s announcement that its first quarter gross domestic product (GDP) grew to 6.4%, beating analysts’ estimates (CNBC, 16 Apr). The futures then fell 0.7% the next day before recovering 0.5% to 30,094.0 points on Friday, to finish 0.5% higher w-o-w.

Even with the Hong Kong market shut last Friday in conjunction with the Good Friday holiday, warrants over the HSI still topped the warrants chart last week. Among them, investors’ favourite was call warrant HSI-C5D with a total of RM106.7mil. traded. Bargain hunter took the opportunity to collect 12.0mil. units of HSI-C5D following the decline in the HSI futures last Monday, and sold back their positions the following day for an approximate 15.3% profit. Investors also traded a total of RM27.2mil worth of call warrant A50CHIN-C38, which allows them to to gain exposure to the China market without having to leave Bursa Malaysia. Last Tuesday, the bid price of this call warrant advanced 25.0%, moving in line with its underlying, the iShares FTSE A50 China Index ETF, which is listed on the Hong Kong Exchange. Do note that the Hong Kong market will still be shut on Monday (22 Apr) in conjunction with the Easter Monday holiday.

For Malaysia stocks, Inari Amertron’s (Inari) shares had one of the best weekly rally since early February this year. The share price of Inari was up 7.2% w-o-w with more than 123.7mil shares changing hands last week. Call warrant INARI-C39 emerged as the top stock warrant with RM5.2mil traded. In addition, warrants over My E.G. Services (MYEG) were also popular with investors as MYEG’s share price rebounded after Monday’s decline, to close at RM1.61 last Friday, gaining 2.5% w-o-w. The new call warrant MYEG-C68 stole the limelight with RM4.7mil traded, coming in as the second most traded stock warrant.

Top warrants by value traded:

Warrant nameValue
(MYR ’mil)
IssuerExercise levelExpiry date
HSI-C5D106.7Macquarie30,000.0030 May 2019
HSI-H6G28.4Macquarie28,000.0030 May 2019
HSI-C5C28.0Macquarie31,400.0030 May 2019
A50CHIN-C3827.2Macquarie16.5030 Sep 2019
HSI-C5J22.3Macquarie28,800.0030 Jul 2019

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Provided for Malaysian residents information only. It is not an offer or recommendation to trade and is not research material. Past performance is not indicative of future performance. You should make your own assessment and seek professional advice.