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Notable trades 15.51mil warrants worth RM4.8mil traded for Sumatec-WB today

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Notable trades 15.51mil warrants worth RM4.8mil traded for Sumatec-WB today Empty Notable trades 15.51mil warrants worth RM4.8mil traded for Sumatec-WB today

Post by Cals Tue 16 Sep 2014, 02:01

Notable trades 15.51mil warrants worth RM4.8mil traded for Sumatec-WB today
Business & Markets 2014
Written by Jonathan Gan of theedgemalaysia.com   
Monday, 15 September 2014 19:12

KUALA LUMPUR (Sept 15): Some 15.51 million warrants were traded off market for Sumatec-WB at 31 sen per unit, or RM4.8 million in total, today.

The block of derivatives changed hands was equivalent to 2.7% of 567.6 million outstanding warrants.

However, it did not specific any information on the buyer or sellers of the trade.

On the open market, Sumatec-WB was down 3.17% or one sen to 30.5 sen with a total of 9.72 million shares changing hands.

Sumatec-WB has a strike price of 17.5 sen and is trading at a 10.34% premium to its mother share, which closed at 43.5 sen today. The warrant is set to expire on Nov 13, 2018.

Sumatec-WB’s share price has taken a beating after it hit a record high of 54 sen in mid-August. Prior to that, the warrants had enjoyed a strong rally rising from 20 sen in June.
Cals
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