The turnover surge has pushed the bank’s market share to 52% driven by a strong rebound of the Hang Seng Index (HSI) in 2024.
Kenanga Investment Bank has recorded an almost tenfold increase in turnover of Hang Seng Index (HSI)-linked listed structured warrants in 2024 as Malaysian retail investors sought to capitalise on the recovery of Hong Kong equities. The turnover came to MYR12.5 billion (US$2.8 billion) in 2024 compared to MYR1.3 billion in the previous year, according to Philip Lim (pictured) , the bank’s group head of equity derivatives. “The joy of volatility trading was spurred by 2024&rsq