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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.

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