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 Finance and Economics

One week of warrant market: hype comes and goes in a hurry

http://www.sina.com.cn 00:35, July 22, 2006 China Securities Journal

Our reporter Zhang Xiang

The current round of warrant market dominated by the speculation of put warrants was launched last Thursday, and at present, the speculation game which is purely speculative has come to an end. After the overall decline on Thursday and Friday, the majority warrants declined significantly, like Vanke ( information quotation forum ) HRP1 ( information quotation forum ) Potash fertilizer JTP1 Maotai JCP1 ( information quotation forum ) The warrants have basically returned to the price before the rebound. Once the positive shares show a strong rebound trend similar to that of G Potash, many warrants with outrageous prices will usher in another round of sharp decline.

In the first three trading days of this week, 22 of the 27 warrants rose 1, flat and fell 4, led by Baotou Steel JTP1 ( information quotation forum ) Yago QCP1 ( information quotation forum ) , up nearly 30%. In the next two trading days of this week, except for one warrant that rose, all 26 warrants fell, with an average decline of 15.9%. The leading ones were almost put warrants, of which the exercise period was gradually approaching Vanke HRP1 It fell 31.55% in two days, hitting a new closing low of 0.128 yuan. In addition, another expiring warrant Baosteel JTB1 ( information quotation forum ) It also set a new record low of 0.598 yuan yesterday.

Although the warrant market of this round came and went in a hurry, the maximum increase of some warrants once exceeded 70%, and the sharp increase of transaction volume also showed that the market attracted a large number of hot money. However, I am afraid that there are still very few speculators who really make profits.

Code name Rise and fall of closing price this week

  580994 Raw water CTP1 ( information quotation forum ) 0.9967.44%

  038005 Shenneng JTP1 ( information quotation forum ) 0.8136.97%

  580006 Yago QCB1 ( information quotation forum ) 3.3973.76%

  038003 Valin JTP1 ( information quotation forum ) 1.2283.54%

580995 Baotou Steel JTP10.5622.74%

580990 Moutai JCP11.14-12.58%

038008 Potash fertilizer JTP11.587-16.03%

  038004 Wuliang YGP1 ( information quotation forum ) 1.218-16.92%

580000 Baosteel JTB10.632-25.47%

038002 Vanke HRP10.128-26.44%

Warrants with better and worse performance this week

Data source: analyst


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