Hong Kong warrants see steady first week

Nick Sawyer
04 Feb 2002

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By the end of last week, 99 new warrants had listed on the exchange following resumption of trading in the Special Administrative Region (SAR) after a seven-month layoff.

Turnover reached its peak last Friday, hitting HK$348 million ($44.6 million), or 5.48% of total daily turnover, from a mere 1.39% on the first day of trading last Monday. Prior to the halt in trading last June, warrants had accounted for between 5% to 10% of total market turnover a day.

Some bankers point to unfamiliarity

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