Financial Technologies, MCX hits 52-week high

MUMBAI: Shares of Financial Technologies and Multi Commodity Exchange continued to move higher and hit fresh highs as investors lapped them up on reports that MCX Stock Exchange (MCX SX) may begin trading in equities from November 18.

Financial Technologies was the highest gainer among all F&O stocks in the muhurat trading session for Samvat 2069.

The exchange, which is present only in the currency derivatives segment, has been given a go-ahead by the market regulator SEBI to launch trading in equity and other segments.

MCX-SX is controlled by the Multi-Commodity Exchange of India while Financial Technologies has 26 per cent stake in it.

Last month, exchange had announced that it received over 700 applications for new membership for all segments.

At 04:40 p.m.; Financial Technologies was at Rs 1,200, up 2.75 per cent, on the NSE. It touched a 52-week high of Rs 1,221.90 and a low of Rs 1,160.20 in trade today.

MCX was at Rs 1,595.95, up 1.09 per cent, on the NSE. It touched a new high of Rs 1,617.90 and a low of Rs 1,582.05 in trade today.