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 Sina Finance

Three put warrants were suspended six times yesterday Guoan GAC1 can still be held

http://www.sina.com.cn 08:20, September 26, 2007 Daily Economic News
BY Zhang Biao Daily Economic News

On Tuesday, the Shanghai and Shenzhen stock markets fell sharply, and the put warrants, which triggered the previous consecutive sharp falls, soared across the board and will soon become the doomsday round CIMC ZYP1 The leading put warrant was also temporarily suspended for three times due to abnormal price fluctuations during the session, but the main capital force was still struggling. After each resumption, it continued to rise sharply, making it up 54.15% at the close, while the total time of normal trading throughout the day was only 39 minutes.

The second biggest gainer Valin JTP1 It rose 30% and was temporarily suspended twice in the session. Wuliang YGP1 It rose 25% and was temporarily suspended for one time in the session. citic securities China Southern Airlines JTP1, which set up another 200 million shares and was tradable yesterday, was not temporarily suspended. It closed up 16.53% with a turnover of 29.424 billion yuan, a new high since its listing.

Warrants generally fell, among which the biggest drop was the chemical warrants that took turns to attack not long ago. Sinochem CWB1 fell 6.15%, and Cloudchem CWB1 fell 5.15%. Other subscription certificates declined by less than 4%. The new variety Guoan GAC1 was opened at an unlimited limit, up 36.41% to 8.665 yuan, with only 1548 deals. The exercise ratio of 95.71 million Guoan GAC1 shares is 2:1, the exercise price is 35.50 yuan/share, and the exercise period is September 11-24, 2009. Since the circulation of Guoan warrants is only 95.71 million shares, it is likely that after listing, it will continue to rise and fall like the original Yunhua warrants. Therefore, warrant holders can continue to hold warrants today.

Yesterday, a total of 63.588 billion yuan of warrants were traded in the two markets, more than double the amount on Monday, stopping the momentum of continuous shrinkage in the earlier period.

It is worth noting that Shenzhen Stock Exchange issued an announcement that due to the fact that CIMC ZYP1, Wuliang YGP1 and Valin JTP1 In accordance with the relevant provisions of the Trading Rules of Shenzhen Stock Exchange and the Interim Measures of Shenzhen Stock Exchange for the Administration of Warrants, in addition to the temporary suspension of trading during the session, the Shenzhen Stock Exchange also focused on monitoring the transactions of the three warrants mentioned above, and took measures to restrict the transactions of accounts suspected of violating the regulations and report to the CSRC for investigation and punishment.

Therefore, investors should not be tempted by the huge profits of the speculation of the put warrants, and should be less involved in this knife edge licking blood.
Zhang Biao's Daily Economic News

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