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Hot money speculation in pursuit of Baosteel warrants soared 83.58% on the first day


http://finance.sina.com.cn 10:21, August 23, 2005 New Express

Hot

Warrants were suspended nine years ago due to speculation, and re emerged nine years later to be popular

New Express News (reporter Wu Tan) After nine years of bidding farewell to China's securities market, warrant products finally re emerged. As expected by the industry, the first warrant is Baosteel JTB1( information quotation forum )(580000) attracted a lot of speculative hot money to participate, but many analysts and investors were surprised by the fact that Baosteel JTB1 was closed to a rise of 1.263 yuan when it opened. "The rise is crazy!" The Baosteel JTB1 plan refers to that Baosteel Group will send one stock certificate for every 10 shares to shareholders of tradable shares, and a total of 388 million shares will be sent out. The holder may
Purchase of Baosteel shares from Baosteel Group at 4.50 yuan/share on August 30, 2006( information quotation forum )A-share shares, while last Friday's closing price was 4.62 yuan.

   "It's going up a bit."

"Yesterday Baosteel just gained 1 cent. Baosteel warrants( information quotation forum )But it was 0.575 yuan higher than the opening reference price, which was a bit outrageous. " An institutional person said that he also disclosed that he had cashed in some of the donated Baosteel JTB1. Many individual investors in Guangzhou also think that Baosteel JTB1 was hyped too crazy. "In 1996, the warrants were stopped because of too much speculation. Now they are hyped like this again. The management should not stand idly by." The warrants were introduced into the mainland in 1992

negotiable securities In the market, it was mainly rights issue warrants at that time, but in 1996, the management stopped the warrant because the price of the warrant was once speculated to exceed the price of the corresponding underlying stock. (Guan Yu/Prepared by)

Love Ask (iAsk. com)


Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.


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