Magellan Financial Group’s market valuation crumbled on Tuesday after the unexplained departure of chief executive Brett Cairns, whose mysterious exit was disclosed to the market after the closing bell on Monday.
<h2 class="monthlyHighlight subHeader"><span style="font-size: small;">Highlights</span></h2>
<p><span style="font-size: small;"><span class="spanHeading">- Securities Market</span></span></p>
<ul>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover for the first eleven months of 2021 was $171.5 billion, an increase of 34 per cent when compared with $128.4 billion for the same period last year.</span></li>
<li class="spanHeading"><span style="font-size: small;">The average daily turnover of derivative warrants for the first eleven months of 2021 was $11.3 billion, an increase of 22 per cent when compared with $9.3 billion for the same period last year.</span></li>
<li class="spanHeading"><span style=&
<p>Hong Kong Futures Exchange Limited (“HKFE”) is pleased to announce that the U.S. Commodity Futures Trading Commission (“CFTC”) has certified the MSCI China (USD) Index Futures and MSCI China Net Total Return (USD) Index Futures to be offered and sold to persons in the United States (“U.S.”). U.S. investors can therefore trade the contracts within the U.S.</p>
<h2 class="monthlyHighlight subHeader"><span><span class="spanHeading">Highlights</span></span></h2>
<p><span><span class="spanHeading">- Securities Market</span></span></p>
<ul>
<li class="spanHeading"><span>Market capitalisation was $45.3 trillion at the end of October 2021, an increase of 5 per cent from $43.3 trillion for the same period last year.</span></li>
<li class="spanHeading"><span>The average daily turnover in October 2021 was $130.4 billion, an increase of 11 per cent from $117.5 billion for the same period last year.</span></li>
<li class="spanHeading"><span>The average daily turnover for the first ten months of 2021 was $175.8 billion, an increase of 41 per cent when compared with $125.0 billion for the same period last year.</