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□ Our reporter Peng Chunlai
The Shanghai Stock Exchange recently issued a notice explaining the calculation method of the price limit for warrant trading.
According to the notice, according to the relevant provisions of the Shanghai Stock Exchange, the price limit for warrant trading is: the price limit is calculated according to the following formula: "the warrant price rise=the closing price of the previous day of the warrant+(the price rise of the underlying securities on the current day - the day before the underlying securities
Closing price × 125% × exercise ratio; The decline price of the warrant=the closing price of the warrant on the previous day - (the closing price of the underlying securities on the previous day - the decline price of the underlying securities on the current day) × 125% × the exercise ratio. When the calculation result is less than or equal to zero, the decline price of the warrant is zero. "
The notice emphasized that two points need special attention in the application of formulas: first, "target negotiable securities The rising price of the day and the falling price of the underlying securities of the day are the highest and lowest price limits for the rising and falling price of the index securities of the day; Second, when calculating the price, the results of each step should be rounded to the smallest price unit.
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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