Covered warrant: Positive momentum

The covered warrant market continued to post positive performance as capital flows maintained a steady upward trend, while the number of warrants recording price increases remained dominant. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CSTB2538, CMBB2518, and CVPB2533 being the most notable examples. In contrast, CVIC2516, CMWG2602, and CTCB2521 were assessed to be overvalued, based on a total sample of 271 listed CWs.