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Two securities firms yesterday cancelled 143 million WISCO put warrants transferred to call warrants
The cancellation was applied to the warrant market for the first time. Yesterday, 143 million WISCO put warrants were cancelled and 70 million WISCO call warrants were created. Industry insiders said that the enthusiasm of securities companies for creation was shifting from put warrants to call warrants.
Guangfa Securities and Guotai Jun'an Securities wrote off 100 million and 43 million subscriptions of WISCO respectively
The stock of WISCO put warrants created by them has been reduced to 200 million and 20 million respectively.
At the same time, Guangfa negotiable securities And Guotai Jun'an created WISCO call warrants again. GF Securities created 50 million shares and Guotai Jun'an created 1 million shares.
China Merchants, Dongfang Securities and Everbright Securities also created WISCO warrants, together with the creation of GF and Guotai Jun'an, the number of WISCO warrants to be newly listed today has reached more than 70 million.
Behind the changes and changes of put and warrant creation, it reflects the judgment of securities traders on the prices of these two varieties. "At present, the prices and values of the two warrants are inverted," said Huang Wenqing of Guotai Jun'an New Product Development Department; The actual price of the call warrant is 1.267 yuan, and the put warrant is 1.133 yuan, which is higher than the call warrant. "
This means that, at the current price, securities companies create warrants with less risk and greater return. It is not difficult to explain why some securities companies cancel put warrants and create call warrants. Relevant securities companies revealed that the funds unfrozen by cancelling put warrants will be used to buy G WISCO shares And created WISCO call warrants.
So far, the number of warrants created by securities companies has reached 425 million, but in terms of price, although the price of nearly doubled warrants has dropped from the highest point, it still remains at a high level of more than 1.2 yuan. Yesterday, under the influence of Baosteel warrants rising again, WISCO warrants rose 1.04% despite the new selling of 198 million warrants.
The put warrants of WISCO also broke away from the trend of continuous decline limit. Yesterday, after breaking through 1 yuan instantly, they quickly recovered to more than 1.1 yuan. The closing price was 1.133 yuan, a slight drop of 1.31%, and the daily trading volume exceeded 3 billion shares. Yang Haicheng, a warrant researcher at Haitong Securities, believes that at this price, the enthusiasm of securities firms to sell the creation warrants has been low, and only some creation warrants may have been sold yesterday. However, if prices continue to rise, the selling power of securities companies will increase.
Shanghai Securities News reporter Ye Zhan
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