Hot Stocks Hang Seng put warrants dominate top gainers as Brexit sends HK market into red

by **Cals** Sat 25 Jun 2016, 20:37

Hot Stocks

[size=28]Hang Seng put warrants dominate top gainers as Brexit sends HK market into red

By Kamarul Anwar / theedgemarkets.com | June 24, 2016 : 4:19 PM MYT

KUALA LUMPUR (June 24): Investors are betting on Hong Kong’s Hang Seng Index falling further and are accumulating the index’s put warrants, as the UK’s divorce from the European Union (EU) sent the former crown colony’s market to the lowest in a month.

At 2:50 p.m., European-style non-collateralised cash-settled put warrants on Hang Seng, which were all issued by Macquarie Capital Securities (Malaysia) Sdn Bhd, took eight out of the top 10 spots among Bursa Malaysia’s biggest gainers.

HSI-H39 was the bourse’s second biggest gainer, rising 29.5 sen or 42.45% to its intraday high of 99 sen. Trailing closely behind was HSI-H27, which gained 29 sen or 79.45% to 66.5 sen, also its highest point of the day. Their trading volumes were 24.39 million and 55.85 million, respectively.

HSI-H43 gained 27 sen or 39.13% to 96 sen, with 2.78 million units changing hands. HSI-H33 was up by 24 sen or 55.81% to 67 sen, with a trading volume of 116,000.

HSI-H45, the seventh biggest gainer at the time of writing, rose 23 sen or 21.3% to RM1.31. HSI-H25 went up 19.5 sen or a whopping 156% to 32 sen, with 22.33 million units traded.

HSI-H57 gained 17 sen or 12.88% to its day’s highest of RM1.49, and the 10th biggest gainer HSI-HW soared 13.5 sen to 15 sen.

Hang Seng fell by as much as 1,205.64 points today to 19,662.7 points. As at 3:06 p.m., the benchmark index pared its losses, down 932.69 or 4.47% to 19,935.65.

The referendum to vote for the UK’s exit from the EU, dubbed “Brexit”, had a final tally of 17.41 million or 52% voters choosing to leave.
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