The first batch of creation tide has passed G Wuhan Iron and Steel Corporation's stock fell

Our reporter Hao Yuankan is from Shanghai

4 After a positive streak, G WISCO (600005. SH) finally jumped to the bottom yesterday and turned down. Since the listing of WISCO warrants and the introduction of the creation mechanism, the sharp fluctuations of WISCO's regular shares are all related to warrants.

Feng Lei, an analyst with Huaxia Securities, pointed out that the rise of G Wugang for four consecutive days last week was related to the creation of warrants by securities companies. because

The creation of call warrants requires full performance guarantees from regular shares, so under the joint efforts of brokers and other investors in the market, G Wuhan Iron and Steel Group has continuously increased. After the completion of the first batch of creation warrants by innovative brokers, the number of put warrants far exceeds the number of call warrants. Therefore, the sharp decline of G Wuhan Iron and Steel Group yesterday is a correction of earlier expectations.

Data shows that the put warrants of WISCO created by securities companies are far higher than the call warrants created, indicating that there is no need for so many positive shares to guarantee the performance of the call warrants. The original rise is only the support of expectations. After losing expectations, G WISCO began to fall.

In addition to this reason, "the end of the pure first batch of warrants creation boom has also become one of the reasons why G Wuhan Iron and Steel fell yesterday." Senior market personage pointed out that“

Warrant researchers believe that after the introduction of the warrant creation mechanism, investors need to pay close attention to the dynamics of innovative securities firms' creation of warrants when operating the positive shares containing warrants, because before and after the creation of warrants, market expectations and the plans of securities firms to create warrants will have a noticeable impact on the positive shares.

Although WISCO has passed the first batch of warrant creation craze, most of its future sharp fluctuations may be related to warrant creation to a certain extent, and the game between institutions in the creation of warrants and equity will continue and may become increasingly fierce in the short term.

G Wuhan Iron and Steel Co., Ltd. closed at 2.78 yuan yesterday, down 4.47%, with a turnover rate of 10.39%. 2.78 yuan is only 0.02 yuan higher than the natural ex right price of G WISCO, and its continuous high turnover rate for six trading days has accumulated 83.53%, which is full of wonderful games.