I. MARKET DEVELOPMENT OF WARRANTS
At the close of the trading session on July 28, 2025, the market witnessed 164 advancing codes, 55 declining codes, and 27 reference codes.
Market breadth over the last 20 sessions. Unit: Percentage
Source: VietstockFinance
During the trading session on July 28, 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 CVHM2502, CVPB2513, CHPG2525, and CVRE2516.
Source: VietstockFinance
The total trading volume in the market in the session of July 28 reached 64.69 million CWs, up 22.86%; the trading value reached VND 128.07 billion, up 32.59% compared to the session of July 25. Of which, CFPT2514 was the code leading the market in volume with 3.61 million CWs; CHPG2504 led in trading value with VND 7.06 billion.
Foreigners continued to sell a net in the session of July 28, with a total net selling volume of 1.1 million CWs. Of which, CMSN2506 and CVIC2510 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 starting point of July 29, 2025, the reasonable prices of the warrants being 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 interest rate on risk-free bills (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, CVHM2408 and CVHM2409 are currently the two warrant codes with the most attractive valuations.
The higher the effective gearing ratio of the warrant codes, the greater the increase/decrease in accordance with the underlying securities. Currently, CMWG2407 and CHPG2509 are the two warrant codes with the highest effective gearing ratio in the market.
Economics & Market Strategy Analysis Department, Vietstock Consulting Department
– 18:58 28/07/2025
The Warrant Market on July 22, 2025: A Tale of Diverging Fortunes
The market closed on July 21st, 2025, with a mixed performance; 95 tickers advanced, 96 declined, and 32 remained unchanged. Foreign investors continued net selling, offloading a total of 320,000 covered warrants.
MBB Stock Surges Ahead of Dividend Payout
Military Commercial Joint Stock Bank (MB, HOSE: MBB) has announced that August 14th is the ex-dividend date for shareholders to receive a combination of stock and cash dividends for the fiscal year 2024. Ensure you are a shareholder by the end of the trading day on August 13th to be eligible for this dividend payment.
The July Record of VN-Index: Retail Investors Cash Out with 11,000 Billion Profit
Individual investors recorded a net sell-off of VND 7,324.1 billion, including a substantial VND 11,260.5 billion sold through matched orders in the past July.
Unveiling Untapped Export Markets for Innovative Products
The consumption of Vietnamese sci-tech products in foreign markets remains limited. This poses a challenge for coordination between ministries, industries, businesses, and the Vietnamese trade offices abroad in bringing innovative Vietnamese products to the global market.
The Cautious Sentiment Rises
The VN-Index witnessed a negative trading session with a decline in trading volume below the 20-day average. This indicates a resurgence of cautious sentiment among investors. However, it’s important to note that the index is currently sitting above the middle Bollinger Band. If the index manages to hold its ground above this level in upcoming sessions and the MACD indicator continues to flash a buy signal, the situation may not be as pessimistic as it seems.
