I. MARKET DEVELOPMENT OF WARRANTS
As of the close of the trading session on 09/03/2025, the market witnessed 117 advancing codes, 107 declining codes, and 35 reference codes.
Market breadth over the last 20 sessions. Unit: Percentage
Source: VietstockFinance
In the trading session on 09/03/2025, buyers continued to lead the market, causing most of the warrant codes to increase in price. Specifically, the large codes in the group that increased in price were CSTB2515, CVHM2514, CMBB2511, and CHPG2518.
Source: VietstockFinance
The total market volume in the 09/03 session reached 67.97 million CW, down 1.66%; transaction value reached VND 172.86 billion, down 7.35% compared to the 08/29 session. Of which, CHPG2406 was the code leading the market in volume with 3.64 million CW; CVIB2508 led in value with VND 9.59 billion.
Foreigners continued to sell a net in the 09/03 session with a total net selling volume of 944,800 CW. Of which, CSTB2518 and CSHB2507 were the two codes that were net sold the most.
Securities companies SSI, ACBS, HCM, KIS, and VPBankS are currently the organizations with the most warrant codes in the market.
Source: VietstockFinance
II. MARKET STATISTICS
Source: VietstockFinance
III. WARRANT VALUATION
Based on the valuation method suitable for the starting point of 09/04/2025, the reasonable prices of the warrants currently traded in the market are as follows:
Source: VietstockFinance
Note: The opportunity cost in the valuation model is adjusted to suit the Vietnamese market. Specifically, the risk-free bill rate (Government bill rate) will be replaced by the average deposit interest rate of large banks with term adjustments suitable for each type of warrant.
According to the above valuation, CVHM2515 and CVHM2508 are currently the two warrant codes with the most attractive valuations.
The higher the effective gearing ratio of a warrant code, the greater its increase/decrease relative to the underlying stock. Currently, CVNM2512 and CMSN2506 are the two codes with the highest effective gearing ratios in the market.
Economics & Market Strategy Analysis Department, Vietstock Consulting Department
– 18:58 09/03/2025
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