Covered warrant: Liquidity increased

Overall, the CW market showed a notable improvement as liquidity reversed upward after the prior weakening phase. In addition, the number of CWs posting gains continued to dominate, suggesting that capital inflows are gradually returning while remaining selective toward potential tickers. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVIC2507, CVIC2508, and CVHM2515. being the most notable examples. In contrast, CVIC2514, CVHM2520, and CVRE2521 were assessed to be overvalued, based on a total sample of 282 listed CWs.