MyEG-CY stands out from the pack

The Sun (Malaysia) - - SUNBIZ -

TRAD­ING in­ter­est in war­rants over the Malaysian coun­ters re­mained strong for the week end­ing Oct 21, reg­is­ter­ing 57.1% of the to­tal war­rants turnover at RM119.0 mil­lion.

MYEG-CY, a call war­rant over My E.G. Ser­vices Bhd, stood out from the pack, record­ing a trad­ing vol­ume of 127.9 mil­lion units over the week, an in­crease of 128.0%.

The heavy trad­ing in the war­rant over My E.G. was not a sur­prise as the com­pany posted strong gains last week, surg­ing a to­tal of 5.6% from Tues­day to Thurs­day.

In terms of net po­si­tions, in­vestors net bought 2.6 mil­lion units of MYEG-CY, which left the war­rant “sold out”. In­vestors should take cau­tion be­fore buy­ing a sold­out war­rant, as the mar­ket maker can no longer pro­vide an of­fer and the bid price may be in­flated by other in­vestors.

War­rant AAX-CX over AirAsia X made a come­back last week, mak­ing its way to the top 5 most ac­tive war­rants. In­vestors were bullish on the low-cost, long-haul air­line, tak­ing home 4.4 mil­lion units of AAX-CX out of 51.7 mil­lion units traded through­out the week. The war­rant gar­nered huge de­mand as the share price also ex­pe­ri­enced pos­i­tive mo­men­tum, surg­ing 2.5% week-on­week (w-o-w).

AAX-CX, which will ex­pire in Fe­bru­ary 2017, tracked its un­der­ly­ing share price, end­ing 11.1% higher w-o-w as the bid price fin­ished at RM0.050 on Fri­day.

In in­dex war­rants, the Hang Seng In­dex (HSI) al­ter­nated be­tween pos­i­tive and neg­a­tive ter­ri­tory, start­ing the week in the red but even­tu­ally ended 0.5% higher at 23,400 points, on Thurs­day. The Hong Kong mar­ket was shut last Fri­day due to a typhoon.

War­rants over the HSI re­mained among in­vestors’ favourites, con­tribut­ing 41.2% of the to­tal war­rants turnover with RM85.7 mil­lion. Call war­rant, HSI-C36, emerged as the top traded in­dex war­rant as 85.6 mil­lion units changed hands. In­vestors should take note that the war­rant will stop trad­ing on Wed­nes­day.

In­vestors also heav­ily traded the longer dated HSI call, HSI-C66 (March ex­piry), sell­ing back 1.8 mil­lion units out of the 42.5 mil­lion units traded on Bursa Malaysia. War­rant Name Vol­ume traded (units) Clos­ing Bid Price (RM) Is­suer Ex­er­cise Price / Level Ex­piry Date Else­where, in­vestors were also ac­tively trad­ing put war­rant HSI-H63. The put war­rant ended 10.2%lower at RM0.44 on 54.5 mil­lion units traded.

To view the full list of struc­tured war­rants avail­able on Bursa Malaysia, visit malaysi­awar­rants.com.my.

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.

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