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Qi Hezhong
Guosen Securities yesterday cancelled 139 million WISCO warrants
Yesterday, the warrant market continued to fall as a whole, and the securities companies that made huge profits by creating warrants have started to take profits.
Among the seven warrants in the two cities, Baosteel warrants ( information quotation forum ) Yesterday, it ranked first with a decline of 10.40% and closed at 1.086 yuan. Compared with the high price of 2.11 yuan set on November 24 last year, the cumulative decline so far has reached 48%. The smallest drop yesterday was the warrant of WISCO, which dropped by 4.88%, closing at 0.799 yuan. Compared with the high price of 1.84 yuan set on November 28 last year, it has dropped by 56% so far.
According to the latest statistics of Shanghai Stock Exchange, yesterday Guoxin negotiable securities The cancellation of 139 million WISCO warrants was the main reason for the relatively small decline of the warrants. For the creation of warrant, the securities firm must deposit a corresponding amount of positive shares in the designated account, which will occupy a considerable amount of funds of the securities firm and bear the risk of the decline of positive shares. Therefore, when the warrant price falls to a low level, the securities firm that created the warrant will buy and cancel at a low level, and the enthusiasm for profit taking will be quite high.
Among the warrants, WISCO call warrants are still the largest variety of securities companies with the largest circulation volume, up to 989 million, more than twice the circulation volume of G WISCO warrants issued by 474 million, indicating that their prices had been seriously overestimated before. Changjiang Securities, another securities firm, cancelled 9.42 million put warrants of WISCO. Yesterday, no securities companies created warrants.
From the perspective of internal value, Vanke ( information quotation forum ) Most of the warrants, such as the steel vanadium warrants, are still overvalued. Judging from the synchronous decline of G WISCO, WISCO call warrants and WISCO put warrants, the price fluctuation between warrants and positive shares is still lack of linkage, which is the performance that the warrant price has not fallen in place.
However, if the market pressure falls back in the future, WISCO put warrants are expected to have better short-term speculation opportunities.  Yesterday's performance of warrant market
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