SG launches Kuala Lumpur Composite Index warrants in Singapore

Société Générale will launch the first five warrants on the Kuala Lumpur Composite Index (KLCI) to be listed on the Singapore Stock Exchange on January 17.

Warrants comprise calls or puts, which offer the buyer the right to buy or sell, respectively, an underlying security at a specified price.

The KLCI is a key barometer for the Malaysian economy, said the French bank. It comprises 100 companies from across industries representative of Malaysia’s economy including agricultural, financial, construction, property, telecoms, manufacturing and toll operations.

The index exceeded 1,500 points for the first time this year, closing at 1,505.71 on January 16. This marks a rise of some 36% since the start of 2007, when it stood at around 1,100.