I. MARKET TRENDS IN WARRANTS
By the end of the trading session on October 29, 2025, the market saw 135 gainers, 83 decliners, and 35 unchanged securities.
Market Breadth Over the Last 20 Sessions. Unit: Percentage
Source: VietstockFinance
During the October 29, 2025 trading session, buyers continued to dominate the market, driving most warrant prices higher. Notably, the top gainers included CVPB2513, CSTB2515, CVIC2508, and CMWG2511.
Source: VietstockFinance
Total market volume on October 29 reached 40.89 million warrants, down 12.89%; trading value hit 104.14 billion VND, up 6.23% compared to October 28. CMBB2518 led in volume with 2.68 million warrants, while CVHM2512 topped in trading value at 8.78 billion VND.
Foreign investors returned to net buying on October 29, with a total net purchase of 714.99 million VND. CVHM2522 and CHPG2516 were the most net-bought warrants.
Securities firms SSI, ACBS, KIS, and HCM are currently the leading issuers with the most warrants in the market.
Source: VietstockFinance
II. MARKET STATISTICS
Source: VietstockFinance
III. WARRANT VALUATION
Based on the valuation method applicable from October 30, 2025, the fair prices of warrants currently trading in the market are as follows:
Source: VietstockFinance
Note: Opportunity costs in the valuation model have been adjusted to align with the Vietnamese market. Specifically, the risk-free rate (government treasury bills) is replaced by the average deposit rate of major banks, adjusted for the respective warrant maturities.
According to the valuation, CVIC2507 and CVRE2515 are currently the most attractively priced warrants.
Warrants with higher effective gearing exhibit greater volatility relative to their underlying securities. Currently, CMSN2406 and CFPT2404 have the highest effective gearing ratios in the market.
Economic Analysis & Market Strategy Division, Vietstock Advisory Department
– 18:58 October 29, 2025
October 29, 2025: Investor Sentiment Shows Signs of Improvement in the Warrant Market
As the trading session closed on October 28, 2025, the market witnessed 138 stocks advancing, 76 declining, and 39 remaining unchanged. Foreign investors continued their net selling streak, offloading a total of VND 1.17 billion worth of shares.
October 28, 2025: Warrant Market Plunges into Sea of Red
At the close of trading on October 27, 2025, the market saw 38 stocks rise, 172 fall, and 43 remain unchanged. Foreign investors continued their net selling streak, offloading over 2.17 billion VND in total.
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Market Outlook for Warrants in Week 27-31/10/2025: A Mixed Trading Landscape
As the trading session closed on October 24, 2025, the market witnessed a mixed performance with 77 stocks advancing, 140 declining, and 37 remaining unchanged. Foreign investors continued their net selling streak, offloading a total of over 991 million VND.
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