Covered warrant: Liquidity continues to increase

During the past week, trading activity in the covered warrant market continued to show an increasing trend. However, the number of declining warrants still outnumbered gainers, reflecting cautious sentiment and a generally weak trend in the underlying market. This development suggests that although capital flows remain active in trading, investors’ short-term expectations for an upward trend in underlying stocks remain limited, indicating that downside volatility risks are still present.