MBSB warrants among gainers, upside capped?

KUALA LUMPUR: The warrants of Malaysia Building Society Bhd (MBSB) rose 22.5 sen to 72.5 sen in very active trade in the morning session on Tuesday, June 7.

MBSB's additional 506.42 million new ordinary shares of RM1 each issued pursuant to the rights issue with 506.42 million warrants were listed on Tuesday.

Based on the strike price of RM1, the five-year warrants' upside may be capped currently. MBSB shares ended the morning session at RM1.48, down two sen, with 3.53 million shares done.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.