Title 20221216_BSC_Vietnam Daily Review_EN_A slideways session_IJC_Rebound
Report Type Báo cáo ngày
Source BSC
Bussiness HOSTC
Detail Date : 16/12/2022
Total pages : 6
Language : English
File Type : .PDF
FileSize : 668 Kb
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Short Content

Market outlook  

Stock market: The market continued to have a sideways session today, still in the process of accumulating in the 1,030-1,060 zone with low liquidity. Market breadth was quite balanced with 12/19 sectors gaining, in which the strongest increase of 4.50% belonged to the raw material sector. Regarding the transactions of foreign investors, today they were net buyers on both HSX and HNX. In the next few sessions, the market will still accumulate in the range of 1,030-1,060 before the money flows in and pushes the index up.

Future contracts: Futures contracts fluctuated according to the movement of VN30, only VN30F2302 moved in the opposite direction.

Covered warrants:  In the trading session on December 16, 2022, coverred warrants fluctuated along with the struggling movement of the underlying stocks.

Highlights:
• VN-Index -2.84 points, closing at 1052.48. HNX-Index +0.04 points, closing at 212.99.
• Pulling the index up: HPG (+1.53), VPB (+0.51), HVN (+0.47), HDB (+0.35), MWG (+0.31).
• Pulling the index down: VIC (-2.1), MSN (-1.68), VHM (-1.53), VRE (-0.99), TCB (-0.31).
• The matched value of VN-Index reached VND 13,630 billion, increased 21.41% compared to the previous session. The total transaction value reached VND 15,509 billion.
• The trading range is 17.63 points. The market had 208 advancers, 85 reference stocks, 195 decliners.
• Foreign investors' net buying value: VND 265.3 billion on HOSE, including HPG (125.62 billion), SSI (93.82 billion), VND (76.45 billion). Foreign investors were net buyers on HNX with the value of VND 11.3 billion.

Technical Analysis: IJC_Rebound
Outlook: IJC is forming a pretty good recovering trend after short-term accumulation around the price level of 13.0. Stock liquidity is above the 20-day average, in alignment with the uptrend. The stock price line is above MA20 and MA50 with MA20 upward-crossing MA50. This phenomenon shows strong positive signal. The MACD and RSI are both in favor of the uptrend. It is recommended that investors can open a position at 14.2 and take profit when the stock approaches the old peak of 18.0. Stop loss if the stock loses the 13.0 support.