Covered warrant: Capital inflows maintained their upward momentum

Over the past week, the covered warrant market continued to show improving liquidity, while gaining warrants remained dominant. This indicates gradually improving investor sentiment and a tendency for capital to return to the warrant market. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVIC2511, CMWG2509, and CMBB2518 being the most notable examples. In contrast, CVIC2516, CTCB2521, and CVIC251 were assessed to be overvalued, based on a total sample of 274 listed CWs.