Xiangcai Securities: The speculation of the doomsday round has dropped significantly

□ Xiangcai Securities Zhu Huacheng

Influenced by the negative news that the central bank raised the benchmark interest rate of RMB deposits and loans by 0.27 percentage points each, the Shanghai and Shenzhen stock markets jumped sharply and opened at a low price. After the shock and recovery, the Shanghai Composite Index finally closed at 1601.15 points, down 3.13 points from the previous trading day. Warrant market performance was relatively stable. Except for the slight decline of Ansteel subscription, Wuliang subscription and Baosteel subscription, all other warrants were closed in red.

Vanke, which had always been the top decliner ( information quotation forum ) The put warrant was noticed by the capital yesterday and changed to a certain extent. Finally, the red market closed at 0.041 yuan, up 7.89%, ranking first among all types of warrants. Another doomsday round, Baosteel's turnover rate reached another huge amount yesterday, coming out of a volatile trend. The closing price was 0.272, down 2.51% from the previous trading day. Baotou Iron and Steel's subscription and put both ended in red, and ranked second and fourth respectively in the list of increase, indicating that with the development of Baosteel's warrants ( information quotation forum ) Due date is coming, its associated impact on other steel warrants has been gradually discussed.

With the introduction of strong regulatory measures by the Shanghai and Shenzhen Stock Exchanges, the speculation of the warrant market on the doomsday round has dropped significantly. After 11:00 a.m., the trading volume of Baosteel warrant increased, and the price fell all the way. The final turnover rate was nearly 550%, closing at 0.341 yuan, with a decline of 32.34%. It ranked the first in the decline list, followed by Vanke's put, with a decline of 16.39%.

Judging from the market situation yesterday, there is still a certain degree of speculative atmosphere in the warrant market. At present, the market has always fluctuated around the 1600 point weak market, and individual stocks have adjusted accordingly. More active bottom hunting funds have caused resistance for the market to further decline. Only the last two days are left for Baosteel's subscription trading day. Whether there will be the last craziness is closely related to the trend of Baosteel's regular stock. It is suggested that investors pay more attention to Baosteel

While Vanke's put has risen significantly in the face of the positive stock's rise yesterday, it is also worth noting that there is still the possibility of a "big dive" in the next few trading days, and investors have a great risk of "taking the plunge from the fire".