Covered warrant: Subdued activity
Through the previous week, pessimistic sentiment continued to dominate the CWs market, with the number of declining CWs outpacing those increasing. We believe that now is not the optimal time for investors to allocate cash to this market. Therefore, investors should observe and wait for further signals from the market.
Featured Analysis
Market commentary: Market volatility
Banking – Preview – [NEUTRAL] – 3Q25F Preview: Credit acceleration
Banking – Note – [NEUTRAL] – Circular 14 on capital adequacy ratio
Market traders: Liquidity improved
Derivatives: Uptrend
Market commentary: Bright spot in the Real Estate sector
Sep 2025: Lower issuances, higher maturity pressure
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13/10/2025
Covered warrant: Liquidity continues to rise
6/10/2025
Covered warrant: Liquidity increased
29/09/2025
Covered warrant: Liquidity declined

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