๐ฃ ๐ฃ Top mover alert: Geely soars 5.6% on heavy trading volume
๐ Geely shares is the second top mover on the Hang Seng Index as of 102PM, given its +5.6% surge to HKD 8.65. Macquarie's trending Geely call warrant (https://warrants.com.sg/tools/warrantterm/VLDW) is up 9 times more, spiking 53.8% to SGD 0.020, while trending Geely put warrant (https://warrants.com.sg/tools/warrantterms/IFKW) is down 13.3% to SGD 0.052 on the back of Geely's share price move
๐ Warrants move in greater percentages than the underlying shares, whilst costing only a fraction of their share price. It is thus suited for investors interested in obtaining leverage whilst trading their short-term view on a share/index.
๐ Geely's share price move is backed by heavy trading volume, which is quadruple the shares' 20-day average during this time of the day. The shares are up for a fifth day in a row, and has clocked returns of +14.7% in the past 2.5 weeks since 8 August.
โน๏ธ Consequently, Macquarie's trending call VLDW is up 81.8% while put warrant is down 29.7% during this period. The historical price performance of warrants can be found here: https://warrants.com.sg/tools/HistoricalPerformance
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The official account of Macquarie Warrants Singapore
Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.
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