Hang Seng-linked call, put warrants among top gainers as regional market remains volatile

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KUALA LUMPUR (June 16): The Hang Seng-linked call and put warrants emerged among the FBM KLCI's top gainers this morning as the regional market remains volatile.

At noon, call warrant HSI-C46 was the fourth top gainer, jumping 18 sen or 14.29% to RM1.44, while put warrant HSI-H27 was the sixth top gainer, increasing by 10 sen or 17.09% to 68.5 sen.

Other top gainers include HSI-H39, HSI-H47, HSI-H25 and HSI-HZ.

Meanwhile, HSI-C21 and HSI-HW were among the most actively traded counters. HSI-C21, which was the second hottest counter, fell 4.5 sen or 26.47% to 12.5 sen at noon, with 25.4 million shares traded.

Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com that Hang Seng-linked call and put warrants emerged as top gainers at the same time due to extreme investors' views amid volatile market.

"The Hong Kong market has been very volatile in these few months, so investors have extreme views on the market," he said.

The Hong Kong market slipped into losses again this morning after the US Federal Reserve maintained interest rates but warned about Britain's possible exit from the European Union.

As at 12pm, the Hang Seng index was down 1.92% or 393.13 points to 20,074.39 points.

Yesterday, the regional market closed up 79.99 points or 0.39% at 20,467.52 points as Chinese bourses registered robust gains. Year to date, Hong Kong's stock market has lost more than 21%.

It was also worth noting that MSCI announced on Tuesday (June 14) it was not ready to include Chinese stocks into the benchmark emerging-markets indices.