I. MARKET DEVELOPMENT OF WARRANTS
As of the close of the trading session on August 27, 2025, the market witnessed 126 advancing codes, 104 declining codes, and 29 reference codes.
Market breadth over the last 20 sessions. Unit: Percentage
Source: VietstockFinance
During the trading session on August 27, 2025, buyers continued to lead the market, causing most of the warrant codes to increase in price. Specifically, the large codes in the rising group were CVHM2511, CSTB2515, CMBB2407, and CVIC2505.
Source: VietstockFinance
The total market trading volume in the session of August 27 reached 77.81 million CWs, up 15.16%; the trading value reached VND 192.49 billion, up 23.21% compared to the previous session. Of which, CFPT2511 was the code leading the market in volume with 4.9 million CWs; CSTB2515 led in trading value with VND 8.39 billion.
Foreign investors continued to sell a net in the session of August 27, with a total net selling volume of 1.18 million CWs. In particular, CMSN2508 and CSTB2523 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 August 28, 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 greater its increase/decrease relative to the underlying stock. Currently, CVNM2512 and CHPG2512 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 27/08/2025
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.
The Warrant Market on August 27, 2025: Is the Outlook Less Grim?
The trading session on August 26, 2025, concluded with a positive note for the market, witnessing 224 advancing stocks, 21 declining stocks, and 14 stocks remaining unchanged. Foreign investors continued their net-selling trend, offloading a total of 2.69 million covered warrants.
“Warrants Market Update for August 26, 2025: Foreign Investors Continue Selling Streak”
The market closed on August 25, 2025, with a mixed performance. Out of all the stocks traded, 47 advanced, 191 declined, and 21 remained unchanged. Foreign investors continued to offload their positions, resulting in a net sell-off of 4.38 million covered warrants.
The Warrant Market Week of August 25-29, 2025: Ablaze with the Underlying Market
The trading session on August 22, 2025, concluded with a mixed performance across the market. Amidst a sea of 243 stocks, 28 emerged victorious with upward trends, while 215 succumbed to downward pressures. The remaining 16 stocks remained unchanged, serving as a stalwart anchor in this tempestuous market climate. Foreign investors maintained their cautious stance, offloading a net sell-off of 4.84 million covered warrants.
The Bank Stock Blues
The domestic stock market ended the week with a significant drop in the VN-Index, the largest decline seen this month, shedding over 42 points. This development comes on the back of a heated rally in previous sessions, particularly in the banking sector.
