Hot Stocks KLCI put warrants surge as index falls
Page 1 of 1
Hot Stocks KLCI put warrants surge as index falls
Hot Stocks
KLCI put warrants surge as index falls
[You must be registered and logged in to see this image.]
By Meena Lakshana / theedgemarkets.com | July 8, 2015 : 1:18 PM MYT
KUALA LUMPUR (July 8): FBM KLCI put warrants surged among top gainers, as the broader market fell on Malaysian political uncertainties, Greece’s debt crisis and China’s stock market plunge.
Malaysia’s political uncertainty comes at a time when investigation on [size=14]1Malaysia Development Bhd is in progress, amid allegations some US$700 million (RM2.66 billion) was deposited into Prime Minister Datuk Seri Najib Tun Razak's bank accounts.
Among KLCI put warrants, FBMKLCI-HS increased 16 sen or 28% to settle at 72.5 sen at 12:30pm, with some one million units having changed hands. The warrant was the eighth-largest gainer on Bursa Malaysia.
FBMKLCI-HK, the fifth most-active entity, rose one sen or 8% to 14 sen, with about 21 million warrants done.
For comparison, the KLCI fell 13.69 points or 0.8% to settle at 1,698.61.
Investors tend to capitalise on index put warrrant gains in a bear market, since the warrants would enable them to hedge against broader market losses.
In China, the Shanghai Composite fell 3.88%, while Hong Kong's Hang Seng dropped 4.2%. Japan's Nikkei 225 declined some 2%, while South Korea's Kospi was 1.03% lower.
Reuters reported Asian shares tumbled to a 1 1/2-year low on Wednesday and the safe-haven yen rallied, as Chinese stocks struggled to pull out of a tailspin, shaking investors already rattled by Greece's debt crisis.
The drop in China extended a savage correction that has clipped 30 percent off Chinese shares since mid-June, threatening a new blow to the country's already slowing economy, despite a slew of market support steps from Beijing.
"Today is all about China, with Greece in the background, now that it's been given a new deadline. Shanghai's early losses were like a cliff-dive, which had a huge impact on investor sentiment," Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank in Tokyo was quoted as saying.
[/size]
KLCI put warrants surge as index falls
[You must be registered and logged in to see this image.]
By Meena Lakshana / theedgemarkets.com | July 8, 2015 : 1:18 PM MYT
KUALA LUMPUR (July 8): FBM KLCI put warrants surged among top gainers, as the broader market fell on Malaysian political uncertainties, Greece’s debt crisis and China’s stock market plunge.
Malaysia’s political uncertainty comes at a time when investigation on [size=14]1Malaysia Development Bhd is in progress, amid allegations some US$700 million (RM2.66 billion) was deposited into Prime Minister Datuk Seri Najib Tun Razak's bank accounts.
Among KLCI put warrants, FBMKLCI-HS increased 16 sen or 28% to settle at 72.5 sen at 12:30pm, with some one million units having changed hands. The warrant was the eighth-largest gainer on Bursa Malaysia.
FBMKLCI-HK, the fifth most-active entity, rose one sen or 8% to 14 sen, with about 21 million warrants done.
For comparison, the KLCI fell 13.69 points or 0.8% to settle at 1,698.61.
Investors tend to capitalise on index put warrrant gains in a bear market, since the warrants would enable them to hedge against broader market losses.
In China, the Shanghai Composite fell 3.88%, while Hong Kong's Hang Seng dropped 4.2%. Japan's Nikkei 225 declined some 2%, while South Korea's Kospi was 1.03% lower.
Reuters reported Asian shares tumbled to a 1 1/2-year low on Wednesday and the safe-haven yen rallied, as Chinese stocks struggled to pull out of a tailspin, shaking investors already rattled by Greece's debt crisis.
The drop in China extended a savage correction that has clipped 30 percent off Chinese shares since mid-June, threatening a new blow to the country's already slowing economy, despite a slew of market support steps from Beijing.
"Today is all about China, with Greece in the background, now that it's been given a new deadline. Shanghai's early losses were like a cliff-dive, which had a huge impact on investor sentiment," Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank in Tokyo was quoted as saying.
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Hot Stocks Sumatec, warrants surge in active trades after update shows oil reserve up 31%
» KLCI call, put warrants actively traded as index futures track Asian share losses
» 28th - Stocks To Watch KLCI index stocks, MAHB, KNM, REDtone, MAS, Sumatec, Ancom, Nylex, Silver Ridge
» March 17th - Stocks To Watch KLCI index stocks, aviation shares, Mah Sing, Karex, BHIC, Sime Darby, TAS
» Indonesia Stocks Drop as Index Falls as Much as 20% From Peak
» KLCI call, put warrants actively traded as index futures track Asian share losses
» 28th - Stocks To Watch KLCI index stocks, MAHB, KNM, REDtone, MAS, Sumatec, Ancom, Nylex, Silver Ridge
» March 17th - Stocks To Watch KLCI index stocks, aviation shares, Mah Sing, Karex, BHIC, Sime Darby, TAS
» Indonesia Stocks Drop as Index Falls as Much as 20% From Peak
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum