I. MARKET DEVELOPMENT OF WARRANTS
As of the market close on September 04, 2025, there were 173 advancing codes, 64 declining codes, and 22 reference codes.
Market breadth over the last 20 sessions. Unit: Percentage
 
Source: VietstockFinance
In the trading session on September 04, 2025, buyers continued to lead the market, causing most of the warrant codes to increase in price. Specifically, the large codes in the increasing group were CVPB2513, CVIC2502, CSTB2515, and CHPG2518.
Source: VietstockFinance
The total market trading volume in the September 04 session reached 96.72 million CWs, up 42.29%; the trading value reached VND 252.73 billion, up 46.2% compared to the previous session. Of which, CHPG2518 was the code that led the market in terms of volume and value, with a total volume of 4.99 million CWs, equivalent to a value of VND 14.33 billion.
Foreign investors returned to net buying in the September 04 session with a total net buy of 3.04 million CWs. In particular, CHPG2518 and CHPG2514 were the two codes that were net bought the most.
Securities companies SSI, ACBS, HCM, KIS, and VPBank 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 September 05, 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 interest rate (government bills) 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 larger the increase/decrease in its price 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 09/04/2025
The Warrant Market This Week: Foreign Investors Continue Their Selling Spree
The trading session on August 29, 2025, concluded with a mixed performance across the market. Out of all the stocks traded, 142 witnessed an increase in their value, while 89 declined, and 28 remained unchanged. Foreign investors continued their net-selling trend, offloading a total of 3 million covered warrants.
“Warrant Market Update: The Polarization Phenomenon Unveiled”
The trading session on September 3rd, 2025, concluded with a mixed performance across the market. A total of 117 stocks advanced, while 107 declined, and 35 remained unchanged. Foreign investors continued their net-selling trend, offloading a net value of 944,800 CW worth of shares.
The Warrant Market on August 29, 2025: A Tale of Divergence?
The trading session on August 28, 2025, concluded with a mixed performance across the market. A total of 137 stocks advanced, while 85 declined, and 37 remained unchanged. Foreign investors continued their net-selling trend, offloading a total of 1.32 million covered warrants.
The Warrant Market on August 28, 2025: A Mosaic of Green and Red
The trading session on August 27, 2025, concluded with a mixed performance across the market. Out of all the stocks traded, there were 126 gainers, 104 losers, and 29 stocks that remained unchanged. Foreign investors continued their net-selling trend, offloading a total of 1.18 million covered warrants.
The Ultimate Guide to Reaching New Heights: Vietstock Daily 27/08/2025
The VN-Index demonstrated resilience by maintaining its position above the middle of the Bollinger Bands, and its impressive recovery was highlighted by a surge of nearly 54 points. To ensure a more sustainable upward trajectory, an improvement in trading volume is necessary. If the index surpasses the previous peak of 1,680-1,693 points in upcoming sessions, it will pave the way for reaching new heights.
