Our reporter Li Jianfeng
With the introduction of strong regulatory measures by the Shanghai and Shenzhen Stock Exchanges, the speculation of the warrant market on the doomsday round began to drop significantly.
After rising 53% in two days, Baosteel's call warrants quickly adjusted after opening slightly higher yesterday, with a drop of 10%. Although the warrants have rebounded to a certain extent since then, they have generally maintained a downward trend wave by wave. By the end of the day, Baosteel's subscription had closed at 0.504 yuan, down 7.69%, ranking fourth in the decline list of warrants. Throughout the day, Baosteel completed 1.7 billion subscriptions, with a turnover rate of 438%, slightly lower than the previous trading day. It is worth noting that, according to the data disclosed by the Shanghai Stock Exchange, on August 15, Daqing Tongbo Oilfield Technology Development Co., Ltd., the first "major shareholder" of the Armageddon Round, continued to hold more than 5% of the shares subscribed by Baosteel.
And Vanke's put has also ended the trend of rising and falling every trading day recently, and continues to approach the intrinsic value. During the whole day's trading, the warrant went down limit several times and finally closed at 0.061 yuan, down 12.86%, ranking the first in the decline list. On the same day, Vanke sold 108 million yuan, a decrease of more than 50% over the previous trading day, and the turnover rate also dropped from more than 100% to 77%.
The Shanghai and Shenzhen Stock Exchanges respectively said yesterday that they would introduce various regulatory measures based on the transactions of Baosteel's subscription and Vanke's put, which undoubtedly played a great deterrent role in speculation about the speculative funds of the doomsday round.
As the speculation of the doomsday round cooled down significantly, the warrant market pulled back in an all-round way yesterday. Among the 26 warrants traded, only Wanhua's subscription rose slightly by 1.45%, and the rest fell. The decline of Vanke's put, Potash fertilizer's put, Wuliang's put, Baosteel's call, Maotai's put, etc. ranked first. At the same time, the total transaction amount of the warrant market also dropped to 6.267 billion yuan, 20% less than the previous day.
Xiangcai negotiable securities Zhu Huacheng, the chief quantitative analyst, said that although the speculation of the Armageddon Round was somewhat restrained, the implied volatility and turnover rate of Baosteel's warrants remained high yesterday, and the warrants that are nearing maturity in the future may still have a violent shock trend. It is suggested that ordinary retail investors should pay attention to the high-risk characteristics of warrants and not blindly participate in the speculation.
