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With the continued rapid decline of transactions, the hot temperature of Baosteel's warrants further decreased on Friday and closed down for the first time in five trading days since listing. The signs of short-term funds' interest in Baosteel's warrants are more obvious.
Baosteel Warrants opened the day with a sharp jump and once crossed the RMB 1.9 threshold, but soon fell back quickly under the impact of selling pressure and fell below the RMB 1.8 integer threshold. Since then, although Baosteel's warrant prices have been repeated repeatedly, the limited amount can make its rebound strength gradually weaken. After midday trading, Baosteel's warrant finally turned green again and has not recovered all lost ground. Finally, Baosteel Warrant closed at 1.807 yuan
, down 1.26% for the first time since its listing five trading days ago. In the previous four trading days, Baosteel's warrants had risen by 44.89% and once broke the 2 yuan mark.
Since the first day of listing, the daily amplitude of Baosteel's warrants has been 44.34%, 26.67% and 17.81%, respectively, in the following three trading days, with an obvious trend of gradual reduction. The price fluctuation range of Baosteel warrants on Friday was between 1.772 yuan and 1.923 yuan, and the daily amplitude further dropped to a new low of 8.25%.
At the same time, the transaction of Baosteel warrants fell to 1.474 billion yuan on Friday, also hitting a new low in four trading days. Compared with the trading peak of Baosteel's warrants of 3.048 billion yuan on Wednesday, the trading volume has dropped by more than half.
Author: reporter Wang Bo
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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