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BEIJING, Aug. 30 (Xinhua) According to the Shanghai Securities News, Baosteel's warrants fell 7.8% yesterday, the biggest drop since its listing, giving the market a preliminary taste of the risks of warrants. Experts pointed out that this indicates that Baosteel Warrants began to return to rationality after initial madness, but the road of return still needs a certain process.
Baosteel Warrants fell most of the day, and the decline in the late trading sharply increased. Starting at 2:25 p.m., the price of Baosteel's warrants fell sharply from about 1.763 yuan to 1.685 yuan at 2:35 p.m., a drop of 4.4% within 10 minutes, a short time
After the rebound, the Baosteel warrant continued to decline, falling to 1.661 yuan as low as possible, and finally closed at 1.666 yuan.
The chances of doing T+0 in the session are significantly reduced. Since most investors engaged in T+0 trading could not make a profit, the trading volume of Baosteel warrants also shrank significantly yesterday. 522 million warrants were traded throughout the day, with a turnover of about 928 million yuan and a turnover rate of about 135%. This is the second lowest volume of Baosteel warrants since its listing, except for the first day of trading.
Experts pointed out that the trend of Baosteel warrants yesterday shows that the speculative atmosphere in the market has weakened, and the price is approaching the rational price. However, due to the existence of the T+0 trading mechanism, there will still be some arbitrage in the market, which will delay the decline of Baosteel warrants. (Reporter Ye Zhan)
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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