I. MARKET DEVELOPMENT OF WARRANTS
As of the close of the trading session on 08/09/2025, the market witnessed 21 advancing codes, 205 declining codes, and 33 reference codes.
Market breadth over the last 20 sessions. Unit: Percentage
Â
Source: VietstockFinance
During the trading session on 08/09/2025, sellers dominated the market, causing most of the warrant codes to decline in price. Specifically, the large-cap warrant codes in the declining group were CVPB2513, CVIC2502, CVHM2502, and CSTB2515.
Source: VietstockFinance
The total market volume in the 08/09 session reached 75.85 million CW, up 6.07%; the value of transactions reached 197.84 billion VND, up 6.16% compared to the 05/09 session. Of which, CHPG2406 was the code with the highest volume in the market with 3.33 million CW; CHPG2518 led in terms of transaction value with 8.81 billion VND.
Foreign investors continued to sell a net in the 08/09 session, with a total net selling volume of 3.52 million CW. In particular, CHPG2513 and CMSN2507 were the two codes that were net sold 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 initial stage as of 09/09/2025, 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 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 greater its increase/decrease relative to the underlying stock. Currently, CMSN2506 and CVNM2512 are the two warrant codes with the highest effective gearing ratios in the market.
Economic Analysis and Market Strategy Division, Vietstock Consulting Department
– 18:58 08/09/2025
Stock Market Warrants: Navigating a Negative Outlook Week of September 8-12, 2025
The market closed on September 5th, 2025, with a mixed performance. Out of all the stocks traded, 58 advanced, 179 declined, and 22 remained unchanged. Foreign investors turned net sellers, offloading a total of 491,300 shares.
The Warrant Market on September 5, 2025: Foreign Investors Turn Net Buyers Again
The market closed on September 4th, 2025, with a positive sentiment. A total of 173 stocks rose, while only 64 declined, and 22 remained unchanged. Foreign investors returned to net buying, with a total net purchase of 3.04 million CW.
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.
A Single Trader Acquires Nearly 10% of VRC’s Capital in Three Trading Sessions
Between August 15 and 25, 2025, an individual by the name of Bui Minh Luc acquired a total of nearly 4.9 million shares of VRC Real Estate and Investment Joint Stock Company (HOSE: VRC). This substantial purchase boosted their ownership stake from 4.596% to an impressive 14.359%.
