Covered warrant: Liquidity rebounded

Although trading activity in the covered warrant market rebounded somewhat last week, the number of declining warrants still dominated. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CVHM2505, CVIC2504, and CVHM2409 being the most notable examples. In contrast, CHPG2517, CMBB2510, and CHPG2505 were assessed to be overvalued, based on a total sample of 192 listed CWs.