Finance Sina homepage > Finance and Economics > negotiable securities >Body
 

The return of Baosteel warrants ranks first in Shanghai and Shenzhen warrant markets


http://finance.sina.com.cn 00:00, June 21, 2006 China Securities Network - Shanghai Securities News

Our reporter Li Jianfeng

It rose 17.23%, ranking the first in the Shanghai and Shenzhen warrant market. Yesterday, Baosteel's call warrants, which are about to expire, once again became the most concerned category in the warrant market.

Shortly after the opening of the market yesterday, Baosteel's warrant was rapidly staged under the impetus of large amount of purchase
The intraday increase has exceeded 10%, and the highest price in the session reached 1.009 yuan, an absolute increase of more than 21%. By the end of the day, Baosteel Warrant had closed at 0.973 yuan, up 17.23%. It is worth noting that the transaction amount of Baosteel's subscription reached 755 million yuan yesterday, with a turnover rate of 206%, which was significantly larger than the previous trading days.

"The sharp rise of Baosteel warrants indicates that the speculative atmosphere in the warrant market is still strong". Haitong

negotiable securities Yang Haicheng said that although G Baosteel closed at 4.20 yuan yesterday, it just reached the latest exercise price subscribed by Baosteel. However, since the warrant is only more than two months away from the exercise date, only during this period can G Baosteel rise by 23.17% again compared with the existing price, and investors who bought Baosteel yesterday for subscription and held it to maturity can not lose money, but it is unlikely.

At the same time, Yang Haicheng said that from the current price of the regular shares, Baosteel may have exercise value when the subscription expires, but it is hard to say what Vanke put will follow. At present, the exercise price of Vanke put is 3.73 yuan, while the price of Vanke's regular shares is 5.52 yuan. The exercise probability after more than two months is obviously very small. So even if the current put price of Vanke has dropped to 0.28 yuan, investors had better take the avoidance strategy.


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.

Comment

Love Ask (iAsk. com)


comment 】【 On shares and gold 】【 Favorite this page 】【 Watch stocks from time to time 】【 large in Small 】【 Watch news in various ways 】【 Print 】【 close


Comment board of Sina.com financial vertical and horizontal netizens Tel.: 010-82628888-5174 Welcome to criticize and correct

Sina Profile | About Sina | Advertising services | contact us | recruitment information | Website lawyer | SINA English | Member registration | Product Q&A

Copyright © 1996-2006 SINA Corporation, All Rights Reserved

Sina copyright