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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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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

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Equity markets end the week in the green

Warrants Commentary (23 Jul to 27 Jul)

Global equities had a turnaround performance last week, driven by strong earnings reported by US tech companies such as Google parent Alphabet, Biogen and others. Further, last Wednesday, President Trump and European commission president Jean-Claude Juncker agreed to start talks in reducing tariffs and other trade barriers related to industrial goods, apart from cars and car parts (Financial Times, 26 July). The S&P 500 Index was up 1.3% from the previous Friday to 2,837.4 points (at the time of writing). Continue reading Equity markets end the week in the green

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Trade tensions caused ripples across markets

Warrants Commentary (9 Jul to 13 Jul)

Although trade tensions between the US and China continued to intensify, the S&P 500 was green for most of last week, with the S&P 500 futures rising 1.3% week-on-week (w-o-w) to 2,800.0 (at the time of writing) on the back of strong earnings outlook for major American corporations and banks, which are expected to report their second-quarter earnings on Friday (US time). Continue reading Trade tensions caused ripples across markets

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HSI warrants still investors’ top pick in sluggish markets

Warrants Commentary (2 Jul to 6 Jul)

Despite the shorter trading week for the Hang Seng Index (HSI) due to closure of the Hong Kong market on Monday (2 Jul) for a public holiday, the warrants market still managed to cinch a respectable turnover of RM813.3mil., 9.7% of the broader market within Bursa Malaysia. The HSI warrants turnover made up 81.8% of total warrants turnover at RM665.5mil. traded. Continue reading HSI warrants still investors’ top pick in sluggish markets

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Trading in HSI warrants surged in sluggish market

Warrants Commentary (25 Jun to 29 Jun)

Asian equities markets extended their weak performances last week as the US-China trade war continued to escalate, with the Trump administration seeking further restrictions on the Chinese involvement in the US economy. This time around, US President Donald Trump plans to block firms with at least 25% Continue reading Trading in HSI warrants surged in sluggish market

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Index warrants comprised 70.5% of warrants turnover

Warrants Commentary (28 May to 1 Jun)

Global markets were down following various geopolitical events,  with the Trump administration saying that it would move forward with plans for tariffs on metal imports from the European Union, Canada and Mexico, at its forefront. In addition Continue reading Index warrants comprised 70.5% of warrants turnover

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HSI trumps again in uncertain markets

Warrants Commentary (21 May to 25 May)

Markets were rife with uncertainty as investors were wary of risks piling up across the globe. The optimism brought upon by a temporary truce in the trade war between the U.S. and China was overshadowed by U.S. President Donald Trump expressing pessimism on whether the summit with North Korea’s leader Kim Jong Un Continue reading HSI trumps again in uncertain markets

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First week after GE14 – warrants market active

Warrants Commentary (14 May to 18 May)

Warrants trading activity surged when the market reopened on Monday following a 3-day break in conjunction with the 14th General Election (GE14) on Wednesday, followed by the two special public holidays on Thursday and Friday declared by the new government after the Pakatan Harapan coalition won an unexpected but peaceful GE14. The local benchmark index FBM KLCI fell as much as 2.7% Continue reading First week after GE14 – warrants market active

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Sapura Energy and HSI warrants top the charts

Warrants Commentary (16 Apr to 20 Apr)

Warrants trading activity in Malaysia continued to improve each week on the back of increased market volatility due to the upcoming 14th general election, along with foreign factors such as recent trade and geopolitical tensions. The local benchmark index FBM KLCI rallied 0.8% to hit its all-time high at 1,895.2 points last Thursday, and thereafter fell slightly to 1,887.8 points on Friday. The index has surged more than 16% year-to-date. Continue reading Sapura Energy and HSI warrants top the charts