Follow Us For The Latest Updates

Follow Us For The Latest Updates

MYEG-C82 top traded among warrants over Malaysian counters

Warrants Commentary (29 October to 1 November)

Last week, overall warrants turnover shrank by 33.9% to RM203.1mil, partly due to the shorter week, in conjunction with the Deepavali holiday on Monday (28 Oct). Warrants over indices including the Hang Seng Index (HSI), FBM KLCI Index (FBMKLCI), S&P 500 Index (SP500) and the iShares China A50 Index ETF (China A50 ETF) make a combined turnover of RM152.8mil, contributing slightly over 76% of turnover. 

Major headlines last week largely revolved around the widely anticipated news on the interest rate cut by the US Federal Reserve (Fed) by another 25 basis points or 0.25%, lowering the target benchmark rate to between 1.5% and 1.75%. Despite the move, US President Trump seemed dissatisfied as he has been pressing the central bank to slash rates for more than a year and has said that the Fed should cut rate to zero or below (The New York Times, 30 Oct). He tweeted last Friday (1 Nov) that “we should have lower interest rates than Germany, Japan and all others” and added that “China is not our problem, the Fed is.”

Additionally, the US released its better-than-expected jobs data which showed 128,000 jobs added in October, resulting in the SP500 closing the week at record levels, jumping 1.0% to close at 3,066.9 points; week-on-week (w-o-w), the SP500 rose 1.5%. Likewise on Friday, the HSI rose 0.7% to close above the 27,000 level at 27,100.8 points, up 1.6% w-o-w.

The call warrant HSI-C7F and put warrant HSI-H8B remained investors’ favorites as they scored the highest trading volumes of above 100mil units each. Investors who bought HSI-C7F in the previous week were seen taking profit as they net sold 14.0mil units of this warrant which rose 18.0% w-o-w. In contrast, investors net bought 12.1mil units of HSI-H8B as the warrant plunged 48.6% w-o-w, closing at RM0.090 last Friday.

On the local front, the warrant over MY E.G Services (MYEG), MYEG-C82 caught investors’ interests, becoming the top traded warrant over Malaysian counters with a total 96.2mil units traded. MYEG-C82, which fell 3.4% w-o-w saw investors net buying over 23.6mil units. Over the first two days of the week, MYEG’s share price skidded 11.2%, before rebounding a total 8.4% later in the week; MYEG shares fell 3.4% w-o-w.   

Top warrants by volume traded:

Warrant name Volume
Issuer Exercise level / price Expiry date
HSI-C7F 160.1 Macquarie 27,400 30 Dec 2019
HSI-H8B 147.0 Macquarie 25,600 28 Nov 2019
MYEG-C82 96.2 Macquarie 1.45 31 Mar 2020
HSI-H8F 95.6 Macquarie 26,400 30 Dec 2019
HSI-H8E 81.4 Macquarie 24,600 30 Dec 2019

If you have any questions or need further assistance, please do not hesitate to contact us at

To view the full list of structured warrants available on Bursa Malaysia, kindly visit

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.


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

More Posts

AME Elite Consortium Bhd – 2nd Dec 20

The proposed AME REIT would also provide stable and recurring income to investors, with at least 90.0% of its income to be distributed as dividends to unitholders. We note that slightly more than half of the current tenants of the industrial properties has more than 5 years of lease under their agreements. Additionally, AME REIT is expected to benefit from lower tax rate compared to prevailing corporate tax rate at an average of 23.4% recorded over the past 4 years.

technical focus

Technical Focus – 2nd Dec 20

Established historical track record since inception in 1975 with strong brand presence in the Malaysia household market. Demand will be relatively healthy, owing to the rising awareness of personal hygiene following the Covid-19 pandemic. Disposal of loss-making toilet rolls and tissue manufacturing subsidiary; NTMP Paper Mill (Bentong) Sdn Bhd allow the group to streamline and focus on the existing core businesses. Technically, price has experienced a flag-formation breakout above RM0.73, targeting the next resistances at RM0.795-0.815 with long term target at RM0.90.

market pulse

Swift recovery

Expectedly, the FBM KLCI performed a swift recovery as the key index recouped most of its previous session losses to re-claim the 1,600 psychological level. We reckon some stability will ensue with further upsides are in the cards as investors continue to focus on the economic recovery progress. Meanwhile, we believe that the lower liners will continue to enjoy their upward momentum as liquidity remains well on the equities market with investors capitalising on the positive market sentiment.

market pulse

Tempered by MSCI portfolio re-balancing

The FBM KLCI started off the week on a dour note alongside with the weakness across regional peers on the increasing geopolitical tension between US and China. Still, the FBM KLCI recorded 95.82 pts on gain (+6.5% MoM) during November 2020. Although we see renewed volatility unfolding, we reckon that bargain hunting activities may take precedence after the sharp fall yesterday. On the other hand, we think that the lower liners are poised for further upsides, driven by the improved trading liquidity which may extend the rotational play.