Analysis: Shanghai and Shenzhen stock indexes showed a wide range of concussion and decline this week. The weekly K line of the Shanghai Composite Index this week closed with a small negative line, while the weekly K line of the Shenzhen Composite Index this week closed with a small positive line above and with a long shadow line below. The trading volume of the two markets this week was moderately larger than that of the previous trading week.
From the market performance this week, the changes in the news directly led to the ups and downs of the market. Among them, the CSRC and the State Administration of Foreign Exchange approved the QFII qualifications of Stanford University, General Electric Asset Management Company and UOB, and approved the QFII quota of $250 million for Security Capital Investment Co., Ltd. and Yale University, The market once rebounded continuously; But with Air China The low-key listing and the upcoming re launch of the new share issuance meeting procedure, as well as the peak of the lifting of the ban on restricted shares in August and other negative factors, the market hot spot quickly converted, and led to the lack of short-term upward momentum in the market.
As the author mentioned earlier, Baosteel JTB1 and Vanke HRP1 became the biggest losers this week. However, it still needs to be noted that Baosteel JTB1 and Vanke HRP1 bid farewell to the warrant market and entered the countdown. For speculative products that lack intrinsic value at present, with the increasingly weakening liquidity, the warrant investors who followed the last leg have the market risk of losing all their money. especially Vanke HRP1 (038002) It is inevitable to face the market positioning of zero value.
Vanke HRP1 (038002): Bermuda The last trading day of the put warrant is August 28, 2006, and its initial exercise price is 3.73 yuan. At present, the share price of G Vanke is 6.25 yuan, which is unlikely to fall to 3.73 yuan in just five trading days. It can be seen that the warrant does not have any intrinsic value at present. This week, the K line of Vanke put warrants was arranged in a three negative downward trend. This week, the shadow line above the K line was longer than the middle negative line of the lower shadow line, and formed a weak arrangement of five consecutive negative weekly K lines. Although the trading price of each warrant is only 0.038 yuan, there is still room for investors to decline. It is recommended to avoid blindly copying the bottom.
east negotiable securities Wang Yu
