Turnover of Warrants, CBBCs Surges 55% YoY Last Yr to Highest Lv Since 2021: Societe Generale
In 2025, the total turnover of warrants and callable bull/bear contracts (CBBCs) surged by 55% YoY to HKD4.4945 trillion, the highest level since 2021, accounting for about 7.3% of the overall market turnover, according to Societe Generale.
Driven by the buoyant sentiment in the Hong Kong stock market, trading in warrants for some stocks surged. BABA-W (09988.HK), TENCENT (00700.HK), MEITUAN-W (03690.HK), and XIAOMI-W (01810.HK) saw their warrant turnover jump by more than 70% YoY. Related products linked to POP MART (09992.HK), SMIC (00981.HK), and CATL (03750.HK) were also in strong demand.
~
AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| HKEX (C) |
16460 |
518.5 (-) |
0.056 |
11.8 X |
| HKEX (C) |
22950 |
488.2 (-) |
0.134 |
9.1 X |
| HKEX (C) |
23464 |
464.19 (-) |
0.170 |
9.0 X |
| HKEX (P) |
21911 |
359.8 (-) |
0.089 |
8.2 X |
| HKEX (Bull) |
66853 |
401 (403) |
0.052 |
16.4 X |
| HKEX (Bull) |
63775 |
392 (394) |
0.068 |
12.6 X |
| HKEX (Bear) |
65230 |
462 (460) |
0.071 |
12.0 X |
| HKEX (Bear) |
54880 |
442 (440) |
0.032 |
26.7 X |
| TENCT (C) |
22876 |
810 (-) |
0.059 |
11.1 X |
| TENCT (C) |
23240 |
801.388 (-) |
0.077 |
10.3 X |
| TENCT (C) |
23065 |
759.38 (-) |
0.081 |
11.3 X |
| TENCT (C) |
14958 |
622.72 (-) |
0.095 |
6.6 X |
| TENCT (P) |
21410 |
570.27 (-) |
0.095 |
15.0 X |
| TENCT (P) |
21910 |
499.8 (-) |
0.090 |
8.8 X |
| TENCT (Bull) |
67891 |
582 (585) |
0.068 |
18.0 X |
| TENCT (Bull) |
68025 |
567 (570) |
0.100 |
12.2 X |
| TENCT (Bear) |
54881 |
658 (655) |
0.074 |
16.5 X |
| TENCT (Bear) |
55685 |
648 (645) |
0.059 |
20.7 X |
| SMIC (C) |
13036 |
102.98 (-) |
0.063 |
4.0 X |
| SMIC (C) |
21038 |
88.93 (-) |
0.058 |
7.3 X |
| SMIC (C) |
20303 |
80.05 (-) |
0.171 |
4.4 X |
| SMIC (P) |
21413 |
68.83 (-) |
0.131 |
3.8 X |
| SMIC (P) |
20487 |
52.45 (-) |
0.049 |
4.1 X |
| SMIC (Bull) |
65792 |
70.2 (70.8) |
0.045 |
16.5 X |
| SMIC (Bull) |
64194 |
68.2 (68.8) |
0.068 |
10.9 X |
| SMIC (Bear) |
62816 |
85.6 (85) |
0.096 |
7.8 X |
| SMIC (Bear) |
64168 |
80.6 (80) |
0.055 |
13.5 X |
| XIAOMI (C) |
14590 |
56.04 (-) |
0.024 |
5.9 X |
| XIAOMI (C) |
22735 |
52.9 (-) |
0.050 |
9.0 X |
| XIAOMI (C) |
23962 |
50.05 (-) |
0.123 |
6.8 X |
| XIAOMI (P) |
16080 |
38.53 (-) |
0.080 |
4.3 X |
| XIAOMI (Bull) |
68457 |
35.6 (36) |
0.027 |
14.0 X |
| XIAOMI (Bull) |
62308 |
35.1 (35.5) |
0.032 |
11.8 X |
| XIAOMI (Bear) |
61638 |
42.4 (42) |
0.039 |
9.7 X |
| XIAOMI (Bear) |
63733 |
41.4 (41) |
0.031 |
12.2 X |
| MTUAN (C) |
19702 |
131.98 (-) |
0.024 |
7.6 X |
| MTUAN (C) |
19912 |
130.43 (-) |
0.036 |
6.5 X |
| MTUAN (C) |
23148 |
123.79 (-) |
0.089 |
6.3 X |
| MTUAN (C) |
23239 |
98.93 (-) |
0.159 |
3.7 X |
| MTUAN (P) |
19492 |
99.94 (-) |
0.144 |
6.7 X |
| MTUAN (P) |
20930 |
90.01 (-) |
0.045 |
10.6 X |
| MTUAN (Bull) |
59677 |
92 (94.5) |
0.072 |
13.7 X |
| MTUAN (Bull) |
55947 |
90 (92.5) |
0.019 |
10.4 X |
| MTUAN (Bear) |
54196 |
118.5 (116) |
0.166 |
5.9 X |
| MTUAN (Bear) |
54899 |
114.5 (112) |
0.133 |
7.4 X |
| CATL (C) |
22648 |
637.16 (-) |
0.061 |
10.8 X |
| CATL (C) |
23008 |
580.5 (-) |
0.209 |
7.4 X |
| CATL (P) |
20933 |
398.68 (-) |
0.120 |
1.9 X |
| CATL (P) |
22397 |
388.68 (-) |
0.112 |
6.3 X |
| ALIBA (C) |
15287 |
170.1 (-) |
0.042 |
9.2 X |
| ALIBA (C) |
23064 |
164.09 (-) |
0.060 |
8.3 X |
| ALIBA (C) |
23237 |
160.1 (-) |
0.080 |
7.3 X |
| ALIBA (P) |
21859 |
144.9 (-) |
0.148 |
4.1 X |
| ALIBA (P) |
20801 |
134.9 (-) |
0.071 |
6.2 X |
| ALIBA (P) |
20642 |
126.78 (-) |
0.069 |
5.1 X |
| ALIBA (Bull) |
56908 |
138.5 (140) |
0.018 |
16.3 X |
| ALIBA (Bull) |
56523 |
134.5 (136) |
0.026 |
11.3 X |
| ALIBA (Bear) |
55891 |
161.5 (160) |
0.027 |
10.9 X |
| ALIBA (Bear) |
58509 |
156.5 (155) |
0.019 |
15.4 X |
| POMRT (C) |
21685 |
250.2 (-) |
0.045 |
3.6 X |
| POMRT (C) |
23859 |
250.19 (-) |
0.130 |
5.0 X |
| POMRT (P) |
14617 |
210 (-) |
0.305 |
3.3 X |
| POMRT (P) |
23066 |
178 (-) |
0.168 |
3.6 X |
| POMRT (Bull) |
67711 |
183.8 (190.8) |
0.029 |
13.6 X |
| POMRT (Bull) |
62828 |
173.8 (180.8) |
0.051 |
7.7 X |
| POMRT (Bear) |
57345 |
227 (220) |
0.055 |
7.2 X |
| POMRT (Bear) |
57544 |
217 (210) |
0.038 |
10.4 X |
| Nvidia (C) |
10055 |
230 (-) |
0.094 |
7.6 X |
| Nvidia (C) |
11007 |
205 (-) |
0.305 |
4.5 X |
| Nvidia (P) |
10057 |
165 (-) |
0.160 |
5.0 X |
| TSLA (C) |
11036 |
590 (-) |
0.480 |
4.5 X |
| TSLA (C) |
10010 |
530 (-) |
0.242 |
7.4 X |
| TSLA (P) |
11037 |
435 (-) |
1.020 |
2.6 X |
| TSLA (P) |
10011 |
370 (-) |
0.235 |
6.2 X |
