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Monday, 18 July, 2011, 12:00am

Steps to success in MC Cloze

The questions in MC Cloze can be classified as follows:

Context Questions

The correct options must tie in with the overall theme of the passage in terms of their semantic meanings. Here, the focus is on comprehension.

Grammar Questions

27 Oct 2004 - 12:00am

Pacific Plywood seeks delay

Pacific Plywood Holdings says talks to delay exercising an option to buy an 80 per cent stake in a Jilin plywood factory will have no adverse impact on the company.

The company said it was negotiating to delay the deadline of the option from the end of next month to the end of this year and lower the purchase price.

28 May 1998 - 12:00am

Tariff cuts give boost to options

The traded options market has been boosted significantly this year after a decision by the stock exchange to reduce tariffs on certain stock options, according to the exchange's executive director of traded options, Mark Beddis.

18 Mar 1997 - 12:00am

Charters expand Stolt fleet

Stolt Comex Seaway (SCS) is expanding its fleet of oil and gas-industry construction support ships with the addition of two new charters.

14 Feb 1997 - 12:00am

Derivatives strong area for growth

Derivatives are an important area of growth for the exchange.

Trading in stock options began in September last year with HSBC Holdings as the underlying stock of the first instruments. From the start of options trading to the end of March, average daily turnover was 6,708 contracts with daily open interest of 70,922 contracts.

8 Oct 1996 - 12:00am

Peace Hill may get new owner

Red Hill Co, the largest shareholder of Peace Hill Enterprise Group, has agreed to sell Malaysian firm Kong Fa Holding an option to buy its entire 67.22 per cent share holding in the property investment company for about $174.77 million.

4 Oct 1996 - 12:00am

Tools of a fund expert's trade

RISK is an issue at the heart of every investment decision and is of vital importance in international investment.

Depending on the value of an investment, risk can be managed using derivatives products either directly or through an intermediary such as a fund manager.

14 Jul 1996 - 12:00am

US airline swells Saab order book

MESABA Airlines of the United States is to acquire up to 72 Saab 340 aircraft in one of the manufacturer's largest orders.

The agreement provides a firm order for 50 of the regional aircraft and options to purchase 22 more.

An option books a place in the production line and usually costs 5 per cent of the full purchase price.

13 Mar 1996 - 12:00am

Short-covering sets off futures recovery

AGGRESSIVE short-covering at the opening of trading forced a sharp rebound in Hang Seng Index futures yesterday.

Implied volatility in index options remained relatively high at 30.25 per cent, but it was more than 5.5 percentage points off Monday's close.

At the opening of trading, March futures were marked up at 10,580, against the 10,360 close on Monday.

13 Mar 1996 - 12:00am

Early surge fizzles in anaemic volume

PROFIT-TAKING in Hang Seng Index futures took its toll on March contract trading despite a strong opening yesterday.

Volume was anaemic at 11,419 contracts.

March futures opened strongly at 11,330, 130 points ahead of the Friday 11,260 close. The high of the day was reached soon after the opening of trading at 11,350.

5 Mar 1996 - 12:00am

Market surge traps investors in squeeze

A SURGE in Hang Seng index cash and futures saw the February index future make two challenges on the psychologically important 11,500 level in healthy volume yesterday.

The contract opened at 11,260 and quickly made ground pushing though 11,300 and 11,400 in the relatively busy morning session.

15 Feb 1996 - 12:00am

Poor sentiment takes 45 points off futures

POOR sentiment yesterday took February Hang Seng Index futures on a 45-point slide.

The contract slid to a low in morning trading at 11,465. After reaching 11,595 in afternoon trading, it fell to 11,540 at the close.

6 Feb 1996 - 12:00am

Futures hold ground in healthy trading

JANUARY Hang Seng Index futures held their ground yesterday, as profit-taking and consolidation gripped the cash market.

The contract closed unchanged on the day at 10,575, a premium over the cash of 46 points, again no effective premium on Thursday.

6 Jan 1996 - 12:00am

Busy profit-taking vaporises premium

THE strong premium of Hang Seng Index futures over the cash maintained in recent trading days vaporised yesterday as profit-takers got stuck in near the end of trading.

January futures opened strongly at 10,620, up 120 points over the previous 10,500 close in the wake of strong cash market buying overnight in London.

5 Jan 1996 - 12:00am