Covered warrant: Liquidity declined

Although liquidity in the covered warrants market declined during the past week, the number of advancing warrants still outweighed decliners, indicating that investor sentiment remained broadly not overly pessimistic. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVJV2502, CSTB2520, and CVRE2512 being the most notable examples. In contrast, CVIC2516, CVIC2515, and CVHM2516 were assessed to be overvalued, based on a total sample of 253 listed CWs.