Finance Sina homepage > Finance and Economics > Rolling News >Body
 

Baosteel Warrant: What you play is your heartbeat


http://finance.sina.com.cn 11:38, August 23, 2005 Straits Metropolis Daily

N reporter Huang Hanjie/Wen

Jieqing/Picture

News from our newspaper: After nine years, Baosteel Warrant (580000) played a heartbeat on the first day of its return yesterday. Baosteel warrants were issued at a ceiling price of 1.263 yuan, which was opened only within 2 minutes from 9:32 to 9:34, and then firmly sealed on the ceiling price.
There were 139 million daily transactions, accounting for 35.85% of its 387.7 million shares, up 83.58%. Since the trading limit was closed all day, investors basically lost T+0 operation opportunities. In contrast, the rise of warrants did not stimulate the regular shares of Baosteel. The performance of Baosteel (600019) was very stable, and it only increased one cent in the end.

Rongyi Investor

Kill 2.5 million at one fell swoop

Due to the hot performance of Baosteel Warrants, the reporter saw in a business department of GF Huafu Securities yesterday that the customer manager here was busy contacting customers. Because the warrant risk disclosure statement must be signed before trading warrants, otherwise it cannot be bought or sold. Yesterday, some investors did not sign it. The securities dealers were afraid that investors would miss opportunities, so they required the customer manager to notify each customer.

A staff member of Haitong Securities Fuzhou Business Department told the reporter that there were about 30 investors holding Baosteel warrants in their business department. Most of them were reluctant to sell because of their performance, and two or three people bought them.

In a business department of Rong, an investor declared 2 million copies in several transactions at the ceiling price during the collective bidding, and all of them were concluded, with a transaction amount of more than 2.5 million yuan. This is the investor who is most optimistic about warrants that the reporter has learned so far.

Ceiling price

A little crazy, but not out of line

Although T+0 was implemented for warrants, there was no opportunity for investors yesterday. Since there is no chance to buy after selling, there were more than 100 million buying orders waiting to be clinched between yesterday and the closing.

The hot performance of warrants yesterday surprised many analysts. In fact, the opening reference price of 0.688 yuan given by Shanghai Stock Exchange has basically reflected its value. In this regard, Fan Jiefei of the Fuzhou Business Department of Haitong Securities believes that this is because the market likes to stir up new ideas. Few of the people who speculated on the warrants of Xiamen Haifa and Guilin Liugong in 1996 are still in the market. Now, investors have not suffered losses, so they have great courage. However, he also believed that the current price of 1.263 yuan was not very outrageous. After all, before August 30, 2006, as long as Baosteel's positive share price reached 6 yuan, they were all profitable.

Today will be a big shock

As for the future market trend of Baosteel's warrants, Xue Dongyu from the Zhongshan Road Business Department of Galaxy Securities believes that Baosteel's warrants will move into a wide range of shocks from today on. Since it can be T+0, its chips may be very loose after today's surge. After all, after yesterday's sharp rise, the risk of going to Bosilly is increasing.

Fan Jiefei, however, believes that the current market value of Baosteel's warrants is about 490 million yuan, which is not very big. It is not surprising if Baosteel's warrants are bought at 2 yuan.

Some securities dealers in our province

Last minute qualification

On the warrant of Baosteel, the Shanghai Stock Exchange, together with the China Registration Company, played a joke with some brokers. On August 18, the list of the first batch of warrant clearing qualifications was announced, and securities firms such as Industrial Securities, Beijing Securities and Huaxia Securities were excluded (the exclusive report was made on page A22 of this newspaper on August 19).

Affected by the list, an employee of Industrial Securities told the reporter that an investor came to the business department early the next morning to ask for account transfer, and the staff of the business department took great pains to persuade him. Fortunately, at 8:00 p.m. last Friday, the second batch of lists came out. This time, Industrial Securities was listed, and finally passed the test without any danger.

In addition, securities companies such as Galaxy, Xiangcai, Beijing and Huaxia also obtained the warrant participation qualification at the last moment.

Love Ask (iAsk. com)



On shares and gold 】【 Favorite this page 】【 Watch stocks from time to time 】【 large in Small 】【 Watch news in various ways 】【 Print 】【 close


Comment board of Sina.com financial vertical and horizontal netizens Tel.: 010-82628888-5174 Welcome to criticize and correct

Sina Profile | About Sina | Advertising services | contact us | recruitment information | Website lawyer | SINA English | Member registration | Product Q&A

Copyright © 1996 - 2005 SINA Inc. All Rights Reserved

copyright Sina.com

Beijing Communication Company provides network bandwidth