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HSI puts actively traded in volatile market

Warrants Commentary (5 Nov to 9 Nov)

The Hang Seng Index (HSI) began last week on a bearish note, making a sharp U-turn from the surge in the week prior as the index tumbled 2.1% to 25,934.4 points last Monday. However, the HSI rebounded the following day, closing 0.7% higher as investors kept an eye on the US midterm election. After the election, the HSI rallied for the next two days, surging 0.4% in total to finish above the 26,000 level, before plunging 2.4% to 25,601.9 points on Friday. Continue reading HSI puts actively traded in volatile market

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Warrants over Sapura Energy in focus

Warrants Commentary (24 to 28 Sep)

We saw a drop in warrants turnover to RM291.3mil. last week, as investors chose to lay low ahead of the Federal Open Market Committee meeting last Wednesday (26 Sep), and due to the public holiday in Hong Kong last Tuesday (25 Sep). As expected, the Federal Reserve lifted its benchmark rate by a quarter point, increasing the fed funds rate to a range of 2% to 2.25%. Continue reading Warrants over Sapura Energy in focus

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HSI warrants heavily traded as index gained 2.4% w-o-w

Warrants Commentary (17 to 21 Sep)

Last week, the US-China trade war sharply escalated as the Trump administration announced that it is imposing another 10% tariffs on USD200 bil. worth of Chinese good, with effect today (Monday, 24 Sept). Following the announcement Continue reading HSI warrants heavily traded as index gained 2.4% w-o-w

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Warrants over HSI and Hibiscus in the spotlight

Warrants Commentary (27 to 30 Aug)

Last week, the Hang Seng Index (HSI) finally escaped the 27,000 level as the index kick-started the week on a bullish note, jumping 2.2% to close at 28,217.3 points last Monday. The index continued its strong performance, surging 0.5% on Tuesday and Wednesday, before losing 1.9% on Thursday and Friday to finish at 27,888.6 points. Despite the short week in Malaysia, trading over HSI warrants remained popular, accounting for approximately 80% of the total warrants turnover. Continue reading Warrants over HSI and Hibiscus in the spotlight

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HSI proves resilience with last week’s 1.7% recovery

Warrants Commentary (20 to 24 Aug)

Once again, structured warrants over the volatile Hong Kong Hang Seng Index (HSI) were favored by investors last week, due in part to the slower week on the local front in view of the Hari Raya Haji public holiday and the school holidays. The volatile futures regained 1.7% week-on-week (w-o-w) to close at 27,595 last Friday after suffering a steep 3.8% w-o-w decline the previous week. Continue reading HSI proves resilience with last week’s 1.7% recovery

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Troubled week for HSI futures with 4-day decline

Warrants Commentary (13 to 17 Aug)

The volatile Hang Seng Index (HSI) futures suffered a bad start last week, parting with gains from the previous week.  In line with US markets, the HSI futures plunged 346 points or 1.2% on Monday, with the decline continuing until Thursday, where the futures almost closed below the 27,000 level.  The huge decline since June 2018 Continue reading Troubled week for HSI futures with 4-day decline

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Trade tensions back to haunt the Hang Seng Index

Warrants Commentary (30 Jul to 3 Aug)

Last Wednesday (1 Aug), US President Donald Trump threatened to increase tariffs on USD200bil. worth of Chinese goods to 25%, more than double the tariff that was initially planned. The White House said that the proposed tariffs adjustment is intended to pressure China into changing its trade policies. China had again warned that it would retaliate if the US went ahead with the plan (1 Aug, BBC). Continue reading Trade tensions back to haunt the Hang Seng Index