Covered warrant: Liquidity improved

Market liquidity continued to improve, with an increasing number of covered warrants recording price gains compared to the previous week. However, cautious sentiment remains, as the number of declining warrants still made up a larger proportion. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVRE2506 and CSTB2406 being the most notable examples. In contrast, CVHM2511, CHPG2517, and CMBB2510 were assessed to be overvalued, based on a total sample of 233 listed CWs.