Title 20220829_BSC_Vietnam Daily Review_EN_VN-Index experienced a gap down
Report Type Báo cáo ngày
Source BSC
Detail Date : 29/08/2022
Total pages : 5
Language : English
File Type : .PDF
FileSize : 461 Kb
Download: 89
Download
Vote (You must be logged in to vote)
Short Content

 Market outlook  

Stock market: VN-Index opened with a gap down of nearly 20 points and maintained its downward momentum throughout the morning session. However, in the afternoon, the index suddenly reversed and gained strongly, dramatically narrowing the drop from 2.6% to 0.92% at the end, closing at 1,270 threshold. Market breadth tilted to the negative side with losers overwhelming gainers; 13 out of 19 sectors declined. Regarding the transactions of foreign investors, today they net sold on the HSX and net bought on the HNX. Even though the market had a strong dropping session today, the candle with the long lower shadow showed that the investors were still interested in the market. Besides, the index still ended above SMA100. In the coming sessions, the market may struggle at the old support level of 1,270-1,275 – now a resistance level.

Future contracts: Futures contracts all fell in line with the correction of the VN30 index. Investors should trade cautiously in the next session.
 
Covered warrants: In the trading session on August 29, 2022, warrants moved in a downward direction along with the movement of the underlying stocks.
 
Highlights:
• VN-Index -11.77 points, closing at 1270.8. HNX-Index -3.96 points, closing at 295.54.
• Pulling the index up: GAS (+1.12), MWG (+0.67), DPM (+0.35), DCM (+0.33), PVD (+0.18).
• Pulling the index down: VIC (-1.35), VNM (-0.74), HPG (-0.74), CTG (-0.67), TCB (-0.67).
• The matched value of VN-Index reached VND 18,807 billion, increased 28.1% compared to the previous session. The total transaction value reached VND 20,562 billion.
• The trading range is 33.4 points. The market had 73 advancers, 45 reference stocks, 399 decliners.
• Foreign investors' net selling value: VND -373.22 billion on HOSE, including TLG (-101.86 billion), DGC (-54.26 billion), FUEVFVND (-36.45 billion). Foreign investors were net buyers on HNX with the value of VND 7.45 billion.