⊙ Our reporter Pan Shengtao

According to the analysis report on the trading behavior of the warrant market recently released by the Shanghai Stock Exchange, the number of warrant trading accounts reached 1.437 million in November, a new high in the year.

Historical data shows that since September, the number of warrant trading accounts has rebounded for three consecutive months. In November, due to the overall rebound of the market and the gradual recovery of the popularity of the market, the data jumped to 1.437 million from 1.0772 million in the previous month, with a month on month growth of 33.4%. This also set a new high in the data year, and also set a new record for the 14 months since October last year. It is worth mentioning that in November, 68% of the trading accounts had T+0 transactions, which is also the highest number of this year. The average number of transactions was the same as last month, still as high as 30.

In recent months, the proportion of high-frequency trading accounts has also continued to rise. Data shows that the number of warrant accounts with 10 or more transactions last month reached 615700, nearly 170000 more than the previous month, with a growth rate of 37.6%. Its share in trading accounts also increased from 41.53% the previous month to 42.84%, rising for four consecutive months.

Industry insiders said that in November, the country introduced a series of favorable policies to stimulate the stock market rebound, and the popularity of the warrant market has also been greatly restored, so the market participation has increased significantly. However, the long-term pessimism of the market has not been reversed. Many investors involved in the transaction are speculative, which is also the main reason for the rising proportion of high-frequency transactions in the warrant market.