The 19 covered warrant items were issued by SSI Securities (SSI), VPS Securities (VPS), HCM City Securities (HSC) and MB Securities (MBS) (Photo vietstock.vn) Hanoi (VNS/VNA) - Investors sufferedlosses with all 19 covered warrant codes that expired in April, data on the HoChi Minh Stock Exchange (HoSE) showed.
The 19 covered warrant items were issued bySSI Securities (SSI), VPS Securities (VPS), HCM City Securities (HSC) and MBSecurities (MBS).
The items were valid for six months untiltheir expiration dates ranging from April 8 to April 22.
According to HoSE, exercise prices for thoseitems were between 20,300 VND (0.87 USD) to 133,000 VND – which were 8.97-12.5 percentlower from the breakeven of 22,300-152,000 VND.
The underlying stocks for the coveredwarrants were FPT Corporation (FPT), Military Bank (MBB), retailer Mobile WorldInvestment (MWG), dairy producer Vinamilk (VNM), property developer VincomRetail (VRE), VPBank (VPB), logistics and port firm Gemadept (GMD), HDBank(HDB), aviation firm Vietjet (VJC), and residential real estate firm Vinhomes(VHM).
Total trading volume of the covered warrantmarket in April was down 12.2 percent monthly to 134.35 million items andtrading value dropped 28 percent monthly to 45.1 billion VND.
Foreign investors net-sold 1.74 billion VNDworth of 4.7 million items in April.
The slumping stock market in Februaryand March was blamed for the decline of covered warrants and as these itemsexpired early in April, forcing investors to suffer as underlying assets haddeclined sharply.
FPT shares dropped as much as 20.6 percentduring the period. Vinamilk shares lost as much as 31 percent, Vincom Retailshares plunged 44.7 percent, Vietjet shares plummeted 34.6 percent, andVinhomes shares shed 37.6 percent.
A warrant allows the holder to buy orsell an underlying asset at a set price prior to or on a specific date if theychoose. The underlying asset for a covered warrant can be a single stock, abasket of stocks, indices, commodities or currencies.
Covered warrants are highly profitable forholders if the underlying assets advance but the risk of losses is high ifthe assets decline.
At the end of April, there were total 52warrant codes issued by six securities companies. Only 10 of the total advancedfrom their initial prices./.
The 19 covered warrant items were issued bySSI Securities (SSI), VPS Securities (VPS), HCM City Securities (HSC) and MBSecurities (MBS).
The items were valid for six months untiltheir expiration dates ranging from April 8 to April 22.
According to HoSE, exercise prices for thoseitems were between 20,300 VND (0.87 USD) to 133,000 VND – which were 8.97-12.5 percentlower from the breakeven of 22,300-152,000 VND.
The underlying stocks for the coveredwarrants were FPT Corporation (FPT), Military Bank (MBB), retailer Mobile WorldInvestment (MWG), dairy producer Vinamilk (VNM), property developer VincomRetail (VRE), VPBank (VPB), logistics and port firm Gemadept (GMD), HDBank(HDB), aviation firm Vietjet (VJC), and residential real estate firm Vinhomes(VHM).
Total trading volume of the covered warrantmarket in April was down 12.2 percent monthly to 134.35 million items andtrading value dropped 28 percent monthly to 45.1 billion VND.
Foreign investors net-sold 1.74 billion VNDworth of 4.7 million items in April.
The slumping stock market in Februaryand March was blamed for the decline of covered warrants and as these itemsexpired early in April, forcing investors to suffer as underlying assets haddeclined sharply.
FPT shares dropped as much as 20.6 percentduring the period. Vinamilk shares lost as much as 31 percent, Vincom Retailshares plunged 44.7 percent, Vietjet shares plummeted 34.6 percent, andVinhomes shares shed 37.6 percent.
A warrant allows the holder to buy orsell an underlying asset at a set price prior to or on a specific date if theychoose. The underlying asset for a covered warrant can be a single stock, abasket of stocks, indices, commodities or currencies.
Covered warrants are highly profitable forholders if the underlying assets advance but the risk of losses is high ifthe assets decline.
At the end of April, there were total 52warrant codes issued by six securities companies. Only 10 of the total advancedfrom their initial prices./.
VNA
