Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 17): FBM KLCI put warrants were among top gainers and most active entities on the exchange as the index saw further weakness on continued selling pressure.

The ringgit weakened against the US dollar as crude oil prices declined. KLCI put warrants allow investors to hedge against downward movements in the broader market.

Among KLCI put warrants, FBMKLCI-HK, the most-active entity across the bourse, rose as much as 6.5 sen or 25% to 32.5 sen. At 11.27am, the warrant was traded at 31.5 sen with some 85 million units done.

At 11.30am, FBMKLCI-HI was up as much as 21 sen or 14% at RM1.66 with 10,300 units exchanged. The warrant was the sixth-largest gainer across the exchange.

The KLCI put warrants had risen amid broader market weakness. At 11.32am, the KLCI fell 25.39 points or 1.6% to 1,571.43.

The ringgit weakened to 4.1095 against the US dollar. Brent crude oil was down at US$48.58 a barrel while US oil fell to US$41.96.

 

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