Covered warrant: Positive momentum in the CW market

The continued rise in CW market liquidity suggests a strong return of capital inflows. Notably, the number of gaining warrants outpaced losing ones, indicating improving investor sentiment compared to the prior week. According to valuations based on the Black-Scholes model, several CWs are currently undervalued, with CHPG2508, CVIC2506, and CVHM2409 being the most notable examples. In contrast, CMBB2510, CHPG2517, and CSTB2517 were assessed to be overvalued, based on a total sample of 200 listed CWs.