Covered warrant: Liquidity reached a record high

Liquidity in the CW market has now increased for six consecutive weeks, indicating a strong return of capital inflows. Additionally, the dominance of gaining warrants reflects growing market optimism, as the broader uptrend remains intact. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVIC2505, CVRE2507, and CVIC2506 being the most notable examples. In contrast, CMWG2514, CVHM2510, and CSTB2519 were assessed to be overvalued, based on a total sample of 217 listed CWs.