At the end of the trading session on November 29, 2021, the whole market had 92 stocks of decline, 16 stocks of gainers and 5 stocks of steady prices. Foreign investors turned to be net buyers with a total net buying of more than 1.7 million shares.
I. WORLD SECURITIES MARKET MOVEMENT
The warrant market ended the session on November 29, 2021 with 92 decliners, 16 gainers and 5 unchanged stocks.
The red color is widespread in most of the warrants. Specifically, CVJC2101 decreased by 28.42%, CPNJ2105 and CPNJ2104 decreased by 27.35% and 26.14% respectively, CMSN2106 decreased by 25%, CPNJ2107, CMWG2112 and CHPG2110 decreased from 19.33%-20.3%. The warrants of FPT (HM:FPT), KDH (HM:KDH) and NVL (HM:NVL) also had a less active session.
The group of banking warrants also did not escape the general trend. In which, CHDB2102 and CSTB2106 together decreased by 25%, CMBB2106 decreased by 20%, CSTB2107 decreased by 18.58%, CTCB2107, CTCB2110, CTCB2111 decreased by 14%-15%, CMBB2108 and CVPB2109 had a decrease of 13.68%...
On the other hand, the control group VIC (HM: VIC) became the focus when it continued to make an impressive increase. Specifically, CVIC2104 and CVIC2105 increased by more than 70%, CVIC2107 and CVIC2108 increased by over 30%, and CVIC2106 increased by 29.55%.
The trading volume of the warrant market in the session on November 29, 2021 reached more than 46.7 million units, up 20.84%. The transaction value reached more than 77.3 billion dong, up 21.42% compared to the session on November 26, 2021. In which, CTCB2112 is the market leading warrant code in terms of volume, CMWG2107 is leading in trading value.
Foreign investors turned to be net buyers on November 29, 2021 with a total net buying of more than 1.7 million shares. In which, CPDR2103 and CTCB2103 were the two warrant codes that were bought the most by foreign investors.
VALUATION OF WOMEN WORDS
Based on the fair valuation method with the starting date of November 30, 2021, the fair price bracket of warrants being traded on the market is shown as follows:
Note: The opportunity cost in the pricing model is adjusted to suit the Vietnamese market. Specifically, the risk-free bill interest rate (Government bill) will be replaced by the average deposit interest rate of large banks with term adjustment suitable for each type of warrant.
According to the above valuation, CVPB2107 and CPDR2103 are currently the two warrants with the most attractive valuations.
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 ratios in the market at 9.4 and 9.37 times, respectively.
