Sir doubt in mock question

Chipping is preparing its financial statements for the year ended 31 December 20X8. At 1 January 20X8. Chipping had equity investments which had a carrying amount of $16.8 million. These included $9.6 million shares held for trading and $7.2 million shares for which an irrevocable election had been made at initiat recognition. At 31 December 20X8, all of the equity investments were still held by Chipping. The shares held for trading had a fair value of $8.7 million and the other shares had a fair value of $8.6 million.
What amounts will be recognised in the statement of profit or loss and other comprehensive income for the year ended 31 December 20X8 in relation to the equity investments?

Options are

A. $0.9 million loss recognised in profit or loss and $1.4 million gain recognised in other comprehensive income
B.$0.5 million gain recognised in profit or loss

It should be A but they have given answer as B and in reasoning its written

Reason : $0.9 million loss recognised in profit or loss and $1.4 million gain recognised in other comprehensive income
IRS 9 requires that all equity investments are measured at fair value. By default they are measured at FVTPL, however an irrevocable election may be made on initial recognition to record gains or losses on investments in equity instruments in other comprehensive income,
IFRS 9 only allows this option for equity investments not held for trading.

Could you please explain their reason is very very confusing