Baosteel Warrants Played Bungee Jumping for a Huge Amount of 3.7 Billion, and Shanghai Stock Exchange Issued Risk Self inspection Order Again

A news from our newspaper (reporter Xie Lujin): The wide range fluctuation was 36.82%. Yesterday, Baosteel Warrant became the focus of the session again with an "unprecedented" trend of "fishing rod". Just yesterday afternoon, in a "roller coaster" trend, Baosteel Warrants traded 3.775 billion yuan in the whole day, the highest amount since listing. At the close, Baosteel's warrant fell 6.97% compared with the previous one, closing at 1.655 yuan, and the all-day turnover rate reached 541.3%, a bit larger than before.

It is reported that the day before yesterday, SSE required member units to immediately carry out self-examination of warrant brokerage business and submit the self-examination within a time limit

Table. Yesterday, the management of a securities firm also confirmed to our reporter that the spirit of the notice mainly focuses on four aspects: 1. the number of accounts involved in warrant trading; 2. Whether there is any inconsistency between the shareholder account and the capital account; 3. Whether there is illegal financing behavior; 4. Whether there is illegal "reverse" behavior in the transaction. The business person personally believed that the relevant self inspection content in the SSE notice was more specific than the last announcement of warrant trading.

　　 Set a new high in this market

Yesterday, after Baosteel's warrant opened at a high of 1.799 yuan, it went up all the way as usual, during which it rose to 1.965 yuan at the highest, setting a new high for this wave of market again. After the opening in the afternoon, the trend of this variety remained strong and stayed at 1.925 yuan for nearly half an hour. At 2 o'clock, just as the price of Baosteel's warrants was adjusted back to the opening price the day before yesterday, the market suddenly "changed dramatically" - in just over ten minutes, the variety "fell from 1.779 yuan to 1.31 yuan, the lowest price of the day, a drop of 26.4%. Soon, the "roller coaster" trend was again shown on the "T+0" trading model. Baosteel's warrants rose from 1.31 yuan to 1.81 yuan. In less than half an hour of trading time, a "V" shaped trend was presented. Since then, the shock amplitude of this variety began to converge.

　　 Several business departments have not received the notice

After yesterday's closing, the reporter interviewed several securities business departments at random, including the "runway" of the securities business department that has repeatedly appeared in the transaction list. But what was more unexpected was that the heads of these business departments said that they had not received the notice on the self-examination of warrant trading as of yesterday's closing. Wu Bixue, the head of Guotai Jun'an Securities' Shanghai Jiangsu Road Business Department, said that in general, the notice from the upper level is often sent to the headquarters of the securities firm first, and then to each securities business department. But as of the closing of yesterday, the relevant notice has not yet been delivered to his business department. Manager Liu of Shanghai Linping North Road Business Department of Shanghai Securities said that his business department had not received the relevant notice; Maybe not all securities business departments need to check warrant trading by themselves! He thinks so. Yesterday, Gan Jiabao, the general manager of the securities business department of Guosen Securities in Hongling Middle Road, Shenzhen, said that there were indeed many calls from Baosteel Warrants recently, but it was inconvenient to be interviewed in many cases; However, it can be revealed that the company is seriously studying the Securities Law and the Company Law.

　　 Shareholders should not "gamble"

After yesterday's closing, Bi Zinan, the general manager of Northeast Securities Research Institute, said in an interview that although it is impossible to assert at present, under the strong deterrent of the regulators, after experiencing yesterday's wide fluctuation trend, the future market of Baosteel warrants lost its market. But one thing is worth reminding repeatedly. For ordinary small investors, it is not appropriate to participate in short-term speculation of warrants with the mentality of "gambling".