Felda Global Ventures actively traded

FELDA Global Ventures (FGV) was in the spotlight last week on the back of news that the Malaysian Anti-Corruption Commission (MACC) summoned around 50 FGV senior executives to assist with their investigation regarding the outstanding debt of Safitex Trading with FGV’s subsidiary, Delima Oil Products. Over the same week, FGV’s CEO Datuk Zakaria Arshad and CFO Ahmad Tifli Mohd Talha received show-cause letters by the board of directors after they were forced to go on leave the week prior.

Despite the latest turn of events, FGV’s share price managed to maintain its strong upward momentum, gaining a total 8.4% from Tuesday to Thursday. However, the

TOP 5 WARRANTS IN TERMS OF VOLUME TRADED

Warrant Name FGV-C27 FGV-C23 FGV-C26 DRBHCOM-C33 KAREX-CW Volume (mil. units) 64.8 45.1 39.8 40.0 38.4 Closing Bid (RM) 0.045 0.050 0.050 0.160 0.030 share price snapped its gains on Friday, falling 2.2% to RM1.76.

With FGV in the news, three warrants garnered huge interest among investors, recording 14.2% of the total warrants turnover. FGV-C27 emerged as the most active warrant with 64.8 million units traded in the week. Meanwhile, FGV-C23 recorded 45.1 million units traded, and FGV-C26, which was already sold out, had investors trading 39.8 million units.

Karex-CW, a call warrant over Karex, remained active for the second consecutive week with investors trading over 38.4 million units. This warrant is also sold out and investors were trading among themselves.

Investors then turned their focus to the newly listed warrant, Karex-C1, and traded Issuer Exercise Price (RM) 2.50 1.90 2.20 1.70 2.10 8.2 million units. At the end of the week, investors net bought 3.2 million units of Karex-C1 which ended 5.3% lower at RM0.090 week-on-week (w-o-w). Meanwhile, the share price of Karex fell 0.6% as it ended at RM1.80 on Friday.

Elsewhere, warrants over the Hang Seng Index (HSI) remained as the most active index warrant, recording a total turnover of RM10.4 million, or 10.9% of warrant turnover. The HSI July put, HSI-H99, was heavily traded among bearish warrant investors with 5.7 million units. The bid price of the warrant moved in reverse to its underlying HSI futures, surging 9.1% to close at RM0.240. HSI futures fell 1.5% w-o-w as it finished at 25,498 points on Friday.

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.