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 Finance and Economics

Three steel warrants led the market

http://www.sina.com.cn 02:53, December 27, 2006 China Securities Network - Shanghai Securities News

□ Our reporter Li Jianfeng

Stimulated by the sharp rise of steel stocks, the steel warrants rose across the board yesterday, and the Baotou Steel warrants closed at the ceiling, up 25.74%.

Yesterday, steel stocks strengthened across the board, Wuhan Iron & Steel Baotou Steel And closed at the limit, Masteel Handan Steel They also increased by 6.17% and 3.92% respectively. Affected by this, the steel warrants have come out of the rare recent surge. The subscription of Baotou Steel finally rose by 25.74%, ranking first in the list of increase. The subscription of Handan Iron and Steel Co., Ltd. and Maanshan Iron and Steel Co., Ltd. increased by 11.42% and 7.50% respectively, ranking second and third. The subscription of steel and vanadium also increased by 2.89%, ranking fifth.

However, with the sharp rise of the call warrants, the steel put warrants also showed some performance yesterday. Baotou Steel's put warrants ranked fourth in the two cities with a 5.29% increase, and Steel Vanadium's put warrants also closed in red. In the case of positive shares rising, the call and put warrants corresponding to the same positive shares rose sharply at the same time, reflecting that the speculative atmosphere in the warrant market is still strong.

The rest of the warrant varieties performed moderately yesterday, with the biggest increase in Wuliang's put up 1.74%, and the biggest decline in Sinochem's subscription down 4.18%. During the whole day, the total transaction volume in the warrant market was 12.7 billion yuan, an increase of 51.85% over the previous trading day.


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