๐ฃ ๐ฃ ๐ฃ Top movers alert: Wuxi, Sunny, China Life, Lenovo, Yangzijiang โ โ โ
โก๏ธ This morning as of 1045AM, Hong Kong stocks such as Wuxi have rebounded 10% on triple the 20-day average trading volume for this time of the day. The last time the stock had a bigger move was on 12 June 2024 when the stock jumped on hopes that it will avoid getting banned from contracting with the US government. The stock had hit a record one year low just yesterday. Macquarie's trending Wuxi call warrant WuxiBio MBeCW250103 (EHTW) is up 46.2% to SGD 0.019 on the back of today's move, while trending Wuxi put WuxiBio MBePW241104 (JEFW) is down 17.6% to SGD 0.056.
โก๏ธ Elsewhere, Sunny Optical, China Life and Lenovo are all up 3.8%, 3.4% and 3.1% respectively - standout performers amid the broad market rally in Hong Kong this morning. Their respective trending call warrants are up between 15% to 40%, while the trending put warrants are down between 8% to 16%.
โก๏ธ In Singapore, the standout performer is Yangzijiang, which jumped as much as 5.4% as of 950AM. The stock is riding on positive sentiment following this week's announcement by Chinaโs National Development and Reform Commission about subsidies for green fleet renewal - which will promote early demolition or renewal of inland and coastal vessels in China, in turn benefiting yards such as Yangzijiang
โก๏ธ Yangzijiang trending call warrant YangzijiMBeCW241227 (XIHW) was up as much as 19.2% to SGD 0.031 as of 950AM, while trending put warrant was down YangzijiMBePW241227 (GPUW) was down 11.1% to SGD 0.016
๐ Investors interested to see how the above trending warrants move alongside their respective shares can click into the Live Matrix for the below call warrants
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