|
GF Securities and Guotai Jun'an cancelled 100 million and 43 million put warrants of WISCO respectively
Our reporter Wei Ting is from Shanghai
Brokers' preference for the two WISCO warrants was further reversed. Yesterday, five brokers continued to create WISCO call warrants (580001. SH), with a total number of 700006065. The put warrant (580999. SH) of WISCO was not created again
For the first time, GF Securities and Guotai Jun'an cancelled 100 million and 43 million respectively. At the same time, GF Securities and Guotai Jun'an also created 50 million and 1 million warrants respectively. This is in sharp contrast to the situation two days before the creation of warrants. It can also be seen from the trend of the two warrants yesterday that the enthusiasm of securities traders for warrants is gradually increasing, and the popularity of warrants is also weakening the appeal of put warrants to securities traders.
Yesterday, the incremental listing of 198.5 million shares did not put too much pressure on WISCO warrants. The number of WISCO warrant transactions reached 1.399 billion throughout the day, reaching 1.326 yuan, closing at 1.267 yuan, up 1.04%. On the other hand, the put warrants of WISCO finally broke the deadlock under the "collective tacit understanding" of the securities dealers after experiencing two decline limits, and 3.061 billion were sold throughout the day. Although the huge trading volume has released the chips in the hands of securities traders, the trend of put warrants is obviously inferior to that of call warrants.
"The cancellation of put warrants by GF and Cathay Pacific is likely to be a change in the judgment of the allocation structure of the two warrants." Wu Yuping, the warrant research center of Jinxin Securities, said, "According to my personal speculation, excluding unexpected capital demand factors, GF and Cathay Pacific are likely to cancel put warrants to create call warrants. There are three main reasons: first, the frozen fund of the unit for the creation of put warrants is 3.13 yuan, while the creation of call warrants currently does not exceed 2.9 yuan; Second, the panel shows that the price of call warrants is higher than that of put warrants, and since the process of creating call warrants is relatively slow, the supply of call warrants is steadily increasing, so the resilience of call warrants is better than that of put warrants, and securities dealers can also sell at a good price; Third, from the perspective of risk control, it is also necessary to achieve a relative balance between the two warrants. Guangfa used more than 9 billion yuan to create 300 million put warrants three days ago, while there were only 50 million call warrants. The cancellation of some put warrants is conducive to the balance of asset allocation. "
The cancellation of put warrants is to create call warrants, which may also be supported by the stock price trend of G Wuhan Iron and Steel (600005. SH) yesterday. Yesterday, G Wuhan Steel closed at 2.87 yuan, up 2.14%.
Since the trading volume of the two created warrants has been enlarged and most of the shares held by the securities traders have been sold, some analysts believe that the trend of the two warrants today may not be too unexpected. Zhu Huacheng, a warrant researcher of Xiangcai Securities, believes that both warrants may rise when speculative funds dominate.
Relevant announcements:
GF Securities Announcement on Cancellation of Put Warrants of WISCO
Guotai Jun'an Securities Announcement on Cancellation of Put Warrants of WISCO Shares
|
