Follow Us For The Latest Updates

Follow Us For The Latest Updates

Higher warrants turnover for the week; glove makers still in focus

Besides that, call warrant TOPGLOV-C81 landed on third place last week with a total 94.7mil units traded. The December 2020 expiry call warrant was also the top warrant traded by value with a total traded value of RM62.0mil. Other than warrants over glove makers, the index warrants close to expiry HSI-HAY and HSI-C9V
macquarie structured warrants 20200914

The second week of October saw a higher total warrants turnover as the action continues with glove makers Supermax Corporation and Top Glove Corporation still in the spotlight, both ending the week on a positive note. The overall warrants turnover came in at RM761.9mil, which represented an 11.8% jump versus the previous week as warrants over Malaysian shares remained the major contributor to the turnover making up 91.3% of the overall warrants market share.

Call warrant SUPERMX-C1I topped the list for being the most actively traded warrant last week as up to a total of 260.1mil units exchanged hands. Meanwhile SUPERMX-C1L and SUPERMX-C1E made their way to secure the fourth and fifth spot on the most active list with a total of 73.0mil and 72.7mil units traded, respectively as the underlying ended its third straight week in the green. The shares of Supermax had earlier in the week notched a high of RM9.91 on Tuesday but lost steam in the next few days, though still finishing the week 6.2% higher week-on-week (w-o-w) at RM9.54. 

On the local front as well, call warrant MYEG-C87 came in at second place with a total 138.9mil units traded as its underlying saw a 2.2% weekly gain, ending at RM1.40. Prices have on Friday rallied to an intraday high of RM1.46 but eventually lost its footing towards the closing bell. The electronic government services provider had received a letter of acceptance from the Ministry of Health to provide an online payment system for COVID-19 tests for inbound travellers (The Edge Markets, 8 Oct). 

Besides that, call warrant TOPGLOV-C81 landed on third place last week with a total 94.7mil units traded. The December 2020 expiry call warrant was also the top warrant traded by value with a total traded value of RM62.0mil. Other than warrants over glove makers, the index warrants close to expiry HSI-HAY and HSI-C9V (October 2020 expiry) were also among the popular warrants last week with up to 49.9mil and 46.7mil units traded, respectively. Investors should practice caution when trading warrants expiring soon as shorter dated warrants will experience steeper time decay than longer dated warrants, which is an additional holding cost for investors.

Top warrants by volume traded:

Warrant nameVolume
(mil.)
IssuerExercise priceExpiry date
SUPERMX-C1I260.1Kenanga14.0026 Jul 2021
MYEG-C87138.9Kenanga1.2012 Oct 2020
TOPGLOV-C8194.7CIMB5.666731 Dec 2020
SUPERMX-C1L73.0Macquarie15.5016 Apr 2021
SUPERMX-C1E72.7Ambank14.0030 Apr 2021

If you have any questions or need further assistance, please do not hesitate to contact us via our hotline at 03-2059 8840 or email us at info@malaysiawarrants.com.my

To view the full list of structured warrants available on Bursa Malaysia, kindly visit malaysiawarrants.com.my

Provided for Malaysian residents information only. This commentary has not been reviewed by the Securities Commission Malaysia. 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.

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on telegram

More Posts

market pulse

Finding stability

The FBM KLCI endured a choppy trading session before bargain hunting activities took charge to power the key index higher yesterday. For now, we reckon that the local bourse may attempt to find stability with nibbling on beaten down stocks. Although the prevailing negative market sentiment is deterring investors to take large positions, the lower liners may continue to see rotational play, boosted by the higher than historical average trading activities.

market pulse

Downward bias consolidation resumes

It was another bleak performance on the local bourse that was marred by the selling pressure from gloves heavyweights yesterday. The near term weakness is expected to prevail as any recovery will be tempered by quick profit taking activities. Nevertheless, we still think that rotational play will remain on the table that is buoyed by rise in trading activities as of late, though the negative market sentiment are also keeping gains in check. Hence, we advocate traders to lock in quick profits, avoiding to holding position for too long.

Get Wiz

Is the market too challenging for you?

Overall (after testing for 55 days live in our virtual portfolio), we have some positive days near to 56%, while positive trades just slightly above 50%. You must be asking why the virtual portfolio could stand out so well at above 30% returns?

technical focus

Technical Focus – 21st Oct 20

I-Stone is regarded as a proxy to the rising adoption of automation amongst companies in order to improve production efficiencies & capabilities and to maintain a leaner operational cost structure. Key clients include EMS players like Dyson, V.S. Industry Bhd and ATA IMS Bhd. Capitalising on the adoption of fourth industrial revolution (Industry 4.0) with
opportunities under the field of artificial intelligence, big data, robotics and the leasing of automated lines and equipment. Technically, a flag-formation breakout above RM0.215 may lead to further upsides towards the next resistances at
RM0.24-RM0.265 with long term target at RM0.28.

higher-warrants-turnover-for-the-week-glove-makers-still-in-focus-m-online