■ Weekly evaluation of warrant market
This week, the Shanghai and Shenzhen stock markets reappeared the weak pattern, and the Shanghai Composite Index set a new record since this round of adjustment. However, under the influence of the downturn in the regular stock market, the warrant market did not perform well.
Affected by the positive stock market, except for the subscription of Tsingtao Beer listed on Friday and the subscription of Yunhua, which was suspended, other types of warrants fell sharply. It is worth noting that under the current weak background, when the normal shares whose valuation is approaching to a reasonable level are sold off by funds, the warrants at a high premium level will undoubtedly bear more pressure. This week, the subscriptions of Sinopec, SAIC and Shenzhen High, whose premium levels are alarmingly high, all fell far more than their normal shares. In view of the current weak market, High premium warrants still have room for decline in the future market, and investors need to avoid it.
Tsingtao Brewery, which was listed on Friday, reported its first day of listing at the limit, and was popular with investors at the beginning of the subscription. However, if the market focus continues to decline next week, the space for the warrant to rise will be limited. In addition, this week's put of China Southern Airlines did not get much hype. As it is only two months away from the exercise period, the potential risk of value return will gradually increase over time.
(Sun Hao, Zhejiang Lijie)
Overview of warrant market
Code name comments
031002 Steel Vanadium GFC1 fell below the annual line, and the short-term trend was not optimistic, so it was avoided.
031004 SFC2 of Shenzhen Development Bank fell continuously in short term, and the future market is still in the risk release period.
031005 Guoan GAC1 has obvious signs of capital flight, and the future trend is still not optimistic.
031006 ZTE ZXC1 still faces a large downward space in the future, so it is advisable to avoid it in the short term.
580010 Maanshan Iron and Steel Co., Ltd. CWB1 moving average system is short listed, which will continue the downward pattern of shock.
580012 Cloudization CWB1 suspended
580013 WISCO CWB1 fell sharply in a row, and there is still inertial downward pressure in the future.
580014 Shenzhen High CWB1 will continue the downward trend of shock in the future, and the risk of participation is high.
Code name comments
580015 Rizhao CWB1 The downstream channel is established, and there is still a large downstream space in the future.
580016 SAIC CWB1 In the period of accelerated risk release, the future trend is not optimistic.
580017 Ganyue CWB1 fell below the support of the platform, and there was pressure to continue downward adjustment in the future market.
580018 COSCO CWB1 continued to close negative, and there is still much room for decline in the future market, so avoid it.
580019 Petrochemical CWB1 has obvious signs of capital flight, and the future trend is still not optimistic.
580020 Shanggang CWB1 is in the risk accelerated release period and will continue to adjust downward.
580021 Tsingtao Beer CWB1 went up and down on the first day of listing, but there was a risk of going up and down in the future.
580989 China Southern JTP1 short-term line is still mainly based on bottom accumulation, so we need to pay attention to capacity in the future.
