Comparison of the liquidity and pricing efficiency of positive shares before and after the expiration of warrants

http://www.sina.com.cn 05:51, April 27, 2007 China Securities Journal

Expiration of warrant Expiration of warrant

Before (after) (delisting)

Price shock index (900000 basis points) 29.2 ＞＞ 23.5

Liquidity index 1676.2 ＜＜ 2758.8

Market efficiency coefficient (daytime) 1.02 ＜＜ 1.10

Pricing error coefficient (daytime) 2.146.18

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