Sina Finance

Wuliang's put tomorrow welcomes the last trading day Shenzhen Stock Exchange prompts risks

http://www.sina.com.cn 17:32, March 25, 2008 Panorama Network

March 25, Panorama News Tomorrow is the last trading day of "Wuliang Put Warrants" and "Wuliang Call Warrants". From March 27, the trading of the two warrants will be terminated. March 27 to April 2 are the warrant exercise days. In order to remind investors of the trading and holding risks on the last trading day of the "Wuliang Put Warrants" and do a good job in the exercise of the "Wuliang Call Warrants", SZSE has recently issued the Notice on Doing a Good Job in the Risk Warning and Exercise of the Last Trading Day of the "Wuliang YGP1" and "Wuliang YGC1" Warrants to all member units (hereinafter referred to as the Notice), And released the Risk Alert on the Last Trading Day of "Z Wuliang YGP" Warrants to the market.

The Notice requires all members to take practical measures to strengthen the risk monitoring and warning on the last trading day of "Wuliang Put Warrants", warn customers of the trading and holding risks of the warrants through multiple channels, channels and ways, and strengthen the real-time monitoring of customers' trading of "Wuliang Put Warrants", Timely remind and warn customers of their buying behaviors, especially those of customers who have never traded warrants, strengthen the standardization and management of customers' trading behaviors, and timely warn and stop the behaviors that lead to serious abnormal fluctuations in warrant prices.

At the same time, the Notice requires all members to earnestly prepare for the exercise of warrants. First, the Notice emphasizes that "Wuliang Call Warrants" are deep in price warrants, and investors will suffer heavy losses if they do not exercise. The Notice requires that all members should guide and remind warrant holders to participate in the exercise in a timely manner through various flexible and effective ways, focus on strengthening the contact and communication with customers who have never changed hands after the listing, and do a good job in the interpretation of the exercise rules and risk warning. In principle, each warrant holder should be notified to urge them to actively exercise. It is understood that as of March 20, the number of "Wuliang Warrants" that have never changed hands since their listing was 3.69 million, involving about 3600 accounts; Second, the "Wuliang Put Warrants" are deep out of price warrants. The Notice requires members to fully disclose the risks arising from the exercise of the "Wuliang Put Warrants" to customers who come to consult the exercise, so as to prevent unnecessary loss of interests caused by the wrong exercise of the "Wuliang Put Warrants".

In view of the fact that on the last trading day of deep out of price put warrants such as "Potash Fertilizer Put Warrants", "CIMC Put Warrants" and "Valin Put Warrants", there are always some investors who blindly follow the trend of buying and suffer heavy losses, Shenzhen Stock Exchange issued the "Risk Alert on the Last Trading Day of" Z Wuliang YGP "Warrants" to remind investors, especially small and medium-sized investors, that after the market closed on the 26th, The value of the "Wuliang Put Warrant" held by the investor is 0, and the investor may suffer heavy losses when participating in the transaction.

It is reported that on the last trading day of "Valin Put Warrants" on February 22 this year, 37800 accounts participated in the purchase, of which 89.39% of the accounts suffered losses, with a total loss of 75 million yuan, and the largest loss account suffered a loss of 606600 yuan. Nearly 30% of the 10100 accounts bought and held to maturity had never traded warrants before, More than 80% of the accounts are small and medium-sized investors with a stock market value of less than 40000 yuan. Among the top 100 accounts of net purchase on the day, 54% of the accounts lost more than 80% of their market value in Shenzhen, and 42% of the accounts lost all of their market value in Shenzhen. Among them, an individual investor in Fujian bought 8.21 million shares three minutes before the closing call auction, losing 95100 yuan. Previously, the maximum market value of the account in Shenzhen was about 105700 yuan. The blind purchase of "Hualing put warrants" caused the investor to almost lose all of his assets in Shenzhen.

The relevant person in charge of Shenzhen Stock Exchange once again solemnly reminded the investors, especially the small and medium-sized investors, to be rational and prudent in the trading on the last trading day of the "Wuliang Put Warrants" and not blindly follow the trend of buying. After the last trading day, the "Wuliang Put Warrants" held by investors will be worthless. At the same time, in order to warn investors that March 26 is the last trading day of "Wuliang Put Warrants" and "Wuliang Call Warrants", Shenzhen Stock Exchange will“ Wuliang YGC1 ”The abbreviation of "Z Wuliang YGC" is changed to "Z Wuliang YGC"“ Wuliang YGP1 ”The abbreviation of "Z Wuliang YGP" was changed to "Z Wuliang YGP", and the original securities abbreviation was restored from March 27. (Panorama/Thunder)

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