CIMB Bank Bhd, a subsidiary of CIMB Holdings Bhd, informed that the company will resume market manufacturing activities involving structured warrants after resolving previously plagued technical issues.
According to a statement issued by CIMB to Bursa Malaysia, they will resume market manufacturing activities for all structured warrants issued by CIMB.
In equity trading terms, market makers buy and sell securities to generate liquidity in the market and structured warrants are proprietary instruments issued by third parties such as brokers or qualified financial institutions.
It is like making a ‘booking’ to buy or sell a predetermined amount of the underlying instrument at a certain price in the future when investing in structured warrants and the warrants can be issued on the underlying asset such as stocks, exchange traded funds, indices or a group of stocks.
Wednesday morning at 9.59am saw CIMB Group shares fall 3 sen or 0.6% to RM4.99 giving a market value of RM51 billion. CIMB Group's latest reported total shares stood at 10.22 billion according to Bursa on 28 October.
