The latest bull and bear warrant ratio for the Hang Seng Index as of July 9 is 40:60. Data from the warrant distribution chart shows the heaviest concentration and the largest increase in bear warrants are in the 24,400 to 24,499 point range. The latest count of bear warrants in this range is 1,291, an increase of 1,109 from the previous trading day. The heaviest concentration of bull warrants is in the 22,500 to 22,599 point range, where the latest count is 548, a decrease of 270 from the previous day. The largest increase in bull warrants is in the 23,400 to 23,499 point range, with the latest count at 448, representing an increase of 448 from the previous trading day.