HSI warrants actively traded as index enjoys bullish week

LAST week, the Hang Seng Index (HSI) enjoyed a bullish run, breaking above the 26,000 level to end 4% higher week-on-week (wo-w). The index began the week closing 0.6% at 25,500.1 points on Monday, before crossing the psychological 26,000 level by midweek to end at 26,389.2 points on Friday to complete a five-day winning streak.

Warrants over the HSI were very actively traded, recording a RM23.8 million in total turnover, contributing 35% of overall warrants turnover for the week. Put warrant HSI-H2C was the most active for the week. Bargain hunters took the opportunity of the lower price of HSI-H2C, buying 12.1 million units out of 47.4 million units traded. The bid price of HSI-H2C fell 57.1% to RM0.150 w-o-w.

Meanwhile, trading in warrants over Malaysian counters remained active, contributing more than 60% of the turnover with RM40.8 million. Malaysia Resources Corp Bhd (MRCB) was the top underlying as warrants over this counter were popularly traded with 91.0 million units changing hands. Notably, MRCB-C15 and MRCB-C16 drew the most trading interest among MRCB warrants, recording volumes of 38.8 million units and 19.1 million units respectively. Both MRCB-C15 and MRCBC16’s bid prices closed 14.3% and 30.0% lower, as their underlying fell 7.4% to RM1.37 w-o-w.

Finally, Malaysia Building Society Bhd (MBSB) which traded in the red for four days, plunged 3.9 % w-o-w to RM1.24 on Friday. Investors actively traded MBSB-CY which came in as the third most active warrant for the week. They sold back 4.2 million units. MBSB-CY’s bid price followed its underlying closely, falling 11.1% to RM0.04 w-o-w.

To view the full list of structured warrants, kindly 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.