ListedMain Market· 0835EA

Kenanga KLCI Daily (-1X) Inverse ETF IPO

Etf-Equity, Equity Fund. Offered at RM2.00 a share, listed on 13 Jan 2020.

Offer price

RM2.00

Shares offered

TBA

Market cap at listing

TBA

Offer period

20 Dec 2019 to 31 Dec 2019

Listing date

13 Jan 2020

Principal adviser

See prospectus

Timeline

Offer opens
20 Dec 2019
Offer closes
31 Dec 2019
Balloting
To be announced
Listed
13 Jan 2020

First day of trading

+0.3%

Opened above the offer price, closed +1% on day one.

About Kenanga KLCI Daily (-1X) Inverse ETF

These are two Exchange Traded Funds (ETFs), which are investment funds that trade on the stock exchange like ordinary shares, managed by Kenanga Investors Berhad.

First-day forecast

CISCOM's forecast for Kenanga KLCI Daily (-1X) Inverse ETF is available to Pro members.

Every IPO gets a projected first-day range and a probability of opening above the offer price, built from the most similar past listings on Bursa Malaysia. Across 246 IPOs in the walk-forward back-test, the model called the first-day direction right 74% of the time. Educational estimates, not investment advice.

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Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.