The warrant market December 1, 2021: The seller is dominating

 The warrant market December 1, 2021: The seller is dominating

At the end of the trading session on November 30, 2021, the whole market had 78 losers, 25 gainers and 10 standstill stocks. Foreign investors returned to discharge their goods with a total net selling of more than 2.7 million shares.

The warrant market ended the trading session on November 30, 2021 with 78 decliners, 25 gainers and 10 unchanged stocks.

Red color continues to dominate the warrant market. Specifically, CKDH2103 plummeted by 50%, CVIC2104 and CVJC2101 fell 15.79% and 14.83% respectively, CMSN2109, CMSN2106 and CMSN2108 dropped from 10.26%-11.32%... Besides, warrants like FPT (HM:FPT) , MWG (HM: MWG) and VHM (HM: VHM) also had a less active session.

Selling pressure also weighed on the group of bank warrants. In which, CHDB2102 and CMBB2105 decreased by 40% and 38.76% respectively, CSTB2107 decreased by 22.83%, CSTB2105 and CSTB2111 decreased by 20% and 18.46% respectively, CTCB2106 decreased by 15.84%, CSTB2108, CSTB2109, CMBB2109 decreased from 12.73%-14.29%. ..

The trading volume of the warrant market in the session on November 30, 2021 reached more than 39.2 million units, down by 16.04%. The transaction value reached more than 60.9 billion dong, down 21.25% compared to the session on November 29, 2021. In which, CFPT2105 is the market leader in terms of trading volume and value.

Foreign investors returned to discharge their goods on November 30, 2021 with a total net selling of more than 2.7 million shares. In which, CKDH2103 and CVNM2113 were the two warrant codes that were sold the most by foreign investors.

Based on the valuation method appropriate to the starting time of December 1, 2021, the fair prices of warrants being traded on the market are shown as follows:

Note: The opportunity cost in the pricing 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 rates of large banks with term adjustment suitable for each type of warrant.

According to the above valuation, CVPB2107 and CMWG2107 are currently the two warrant codes with the most attractive valuation.

The more effective gearing warrants are, the larger the increase/decrease movements in the underlying security will usually be. Accordingly, CVHM2107 and CVNM2108 are currently the two warrants with the highest effective gearing ratio in the market at 9.7 and 9.46 times, respectively.

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