Covered warrant: Liquidity continues to improve

The continued increase in CW market liquidity signals a positive return of capital flows. Additionally, the dominance of gaining CWs reflects growing investor optimism as the uptrend remains intact. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CFPT2513, CACB2501, and CVHM2506 being the most notable examples. In contrast, CVHM2511, CMBB2510, and CVIC2509 were assessed to be overvalued, based on a total sample of 200 listed CWs.