Title | 20220816_BSC_Vietnam Daily Review_EN_VN-Index hesitates in the overbought zone |
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Report Type | Báo cáo ngày |
Source | BSC |
Bussiness | HOSTC |
Detail |
Date : 16/08/2022 Total pages : 5 Language : English File Type : .PDF FileSize : 460 Kb Download: 84 Download |
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Short Content |
Market outlook Stock market: Gap increased yesterday, making the market sentiment a bit hesitated today. After a struggling session, VN-Index closed almost unchanged, stopping when facing resistance at 1,275. 9/19 secgained, in which Basic Resources and Oil and Gas had the strongest increase. Regarding the transactions of foreign investors, today they net bought on the HSX net sold on the HNX. The Doji candle appeared in today's session, showing hesitation when VN-Index entered the overbought zone, but the index still remained in positive green. In the next few sessions, the index might continue to move up to fill the gap at around 1,285 level; however, investors should trade cautiously because of profit-taking pressure.
Future contracts: Futures contracts rallied in line with VN30's gain. Investors should short futures contracts in the next trading session.
Covered warrants: In the trading session on August 16, 2022, warrants differentiated according to the struggling trend of the underlying stocks.
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