Seven continued elasticity of convertible bonds is still limited 佳木斯五中贴吧

Seven convertible bonds rose elasticity is still limited for 4 days, A shares continue oversold rebound, stocks broad, power bond market (including debt exchange) rose seventh consecutive trading days, but the bond rally still less is the share of new bonds, Guangzhou has become the biggest highlight of the debt on the first day, recorded nearly 18% of the increase. Reflects the A shares stabilized background, bond investment continued to pick up the mood. 4, Shanghai and Shenzhen stock index both rose about 1.5%, the Shanghai and Shenzhen stock rose two, the normal trading of convertible bonds (including exchangeable bonds) corresponding to shares are in addition to GREE estate were closed. A share in the bottom to stabilize the power, since the end of the month the first convertible bond market continued to rebound, CSI convertible bonds index jumped 0.62% yesterday, has been rising for seventh consecutive trading days, but rose slightly less than that of A stock benchmark index. In terms of bonds, the performance of convertible bonds is still slightly worse than Yu Zheng stock. Yesterday, 13 bonds were traded in two cities, of which 10 were up and 3 were down. 3 down bonds are traditional convertible bonds: GREE, 31 and electric convertible bonds, all run out of shares. 5 exchange debt closed higher across the board, but in addition to 14 EB, 15 EB of Baosteel qingkong outperformed the stock exchange, the remaining 3 debt are down to leeward, and rose to 1%. In the 5 traditional bonds that rose yesterday, GoerTek bond is the only "old bond", and the rest are new coupons or new coupons. GAC convertible bonds traded for the first time yesterday, opening up 18%, the highest to 119.45 yuan, closing in 117.96 yuan, or 17.96%. On the first day of listing in January rose more than China World Trade Center, and Kyushu lanbiao bonds. Market participants believe that, in addition to the bond itself factors, new coupons listed on the first day of expansion expansion, also shows that the market sentiment is improving. Since the beginning of the A stock continued to adjust since the beginning, the recent low stabilization rebound signs, convertible bonds due to retreat can guard, advance into the attack, and has the advantages of trading system, gradually by some game stocks rebound funds favor. Market participants pointed out that the current bond debt enhancement, security margins have improved, and therefore become the preferred defensive counter varieties, but due to the convertible bond valuation premium is still high, after the rebound in the establishment of a positive stock, convertible bonds may expose the problem of insufficient elasticity. (Zhang Qinfeng) go into [Sina Financial shares] discussion

转债七连涨 弹性仍受限    4日,A股延续超跌反弹,个股普涨,助力转债市场(含交换债)连续第7个交易日上涨,但转债涨势仍稍逊正股,新上市的广汽转债成为最大亮点,该债首日录得近18%的涨幅,折射出A股企稳背景下,转债投资情绪持续回暖。    4日,上证综指和深证成指双双上涨1.5%左右,沪深个股普涨,两市正常交易的转债(含可交换债)对应正股中除格力地产外均不同程度收高。在A股探底回稳的助力下,上月底以来率先反弹的转债行情得以延续,昨日中证转债指数再涨0.62%,已连续第7个交易日上涨,不过涨幅要略低于A股基准指数。    个券方面,转债表现仍稍逊于正股。昨日,两市有13只转债交易,其中10只上涨,3只下跌。3只下跌转债均为传统转债:格力、三一和电气转债,悉数跑输正股。5只交换债全线收高,但除了14宝钢EB、15清控EB跑赢正股之外,其余3只交换债也都落于下风,且涨幅不到1%。在昨日上涨的5只传统转债中,歌尔转债是唯一的“老转债”,其余均为次新券或新券。广汽转债昨日首次上市交易,开盘上涨18%,最高至119.45元,尾盘收在117.96元,涨幅17.96%。首日涨幅超过了1月上市的国贸、蓝标和九州转债。    市场人士认为,除了转债本身因素,新券上市首日涨幅扩大,也说明市场情绪在转好。A股在经历年初以来持续调整后,近期出现低位企稳反弹迹象,转债因退可守、进可攻,且具备交易制度优势,逐渐受到一些博弈正股反弹资金的青睐。    市场人士指出,目前转债债型增强,安全边际有所提升,因而成为防守反击的首选品种,不过因转债股性估值溢价仍高,在正股反弹确立后,转债可能会暴露弹性不足的问题。(张勤峰) 进入【新浪财经股吧】讨论相关的主题文章: