CITIC Bank warrants are popular
http://www.sina.com.cn 05:31, May 10, 2007 China Securities Journal
□ Macquarie Securities (Asia) Limited
The mainland A-share market continued to rise yesterday. In addition to the Japanese stock market, the Hang Seng Index followed the trend upward, returning to the 20800 level, and the national index rose 0.7% to close above 10500. The trading volume in the market remained more than HK $50 billion, while the trading volume of warrants was about HK $11 billion, equivalent to that on Tuesday, accounting for 19% of the trading volume in the market. In addition, the US Federal Reserve discussed interest last night. Let's see how the market interprets the result of interest discussion today.
CITIC Bank After listing, it continued to decline. Yesterday, it opened at a low price and closed at a high price. The market closed up 2.2%, and the low price seemed to be a takeover. On the other hand, CCB's A-share performance was better, closing at 11.46 yuan, up nearly 10%. Due to the rebound of positive shares yesterday, the transaction of related warrants was driven by a sharp increase of more than one and a half times to HK $1.2 billion, becoming the second largest single share warrant transaction, second only to China Life Warrants.
As of yesterday, a total of 43 CCB warrants had been listed on the market, of which only two were put warrants and the rest were subscription warrants. Most of the subscription certificates of CITIC Bank that were actively transacted yesterday were out of price to deep out of price, that is, the exercise price was higher or significantly higher than the stock price, while the term was mostly in the middle, and the implied amplitude was between 26% and 31%.
As for PetroChina shares and PetroChina, which have been popular in the market for several days chemical industry Yesterday's transaction of warrants decreased significantly. Sinopec's warrants dropped sharply from HK $1.47 billion on Tuesday to HK $740 million yesterday, a drop of nearly 50%, but it is still one of the top five warrants traded.
Warrant
■ Warrant decoding
Five warrants were traded on May 9
Relevant assets accounted for the transaction amount of warrants
(%) (100 million Hong Kong dollars)
Hang Seng Index 30.833.7
China Life 15.016.4
China CITIC Bank 11.312.4
Sinopec 6.87.4
PetroChina 6.77.3
Source: Macquarie negotiable securities (Asia) and Reuters
