Covered warrant: Maintaining caution
During the past week, liquidity in the covered warrant market continued to decline, while the number of declining covered warrants still outnumbered gainers, despite the underlying market maintaining a positive upward momentum. This development indicated that cash flows remained cautious toward the large-cap stock group.
Featured Analysis
Covered warrant: Maintaining caution
Derivatives: Profit-taking pressure
Market commentary: Late-session selling pressure
BAF – Brief – [NONRATED] – 1Q26 NPAT grew, but operating expenses also increased rapidly
SBV continues net liquidity injection and interbank rates cool down
Banking – Note – [NEUTRAL] – Resilient growth amid volatility
Derivatives: Caution at the all-time high
