Title 20220929_BSC_Vietnam Daily Review_EN_The correction continued
Report Type Báo cáo ngày
Source BSC
Detail Date : 29/09/2022
Total pages : 6
Language : English
File Type : .PDF
FileSize : 458 Kb
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Short Content

 Market outlook  

Stock market: With the news that the US stock market recovered positively, Vietnam's stock market opened with an excited trading status. But the gaining momentum quickly weakened and turned to decline in the middle of the afternoon session. Market liquidity is at moderate level along with negative market breadth, showing that selling pressure is spreading across the market. All 19/19 industry sector corrected today with the Chemical group dropping the most. Foreign investors continued their net selling trend on both exchanges. In general, VN-Index is still in the bottom-finding phase with a stronger support at 1,100 points. BSC maintains a cautious view and waiting approach until the news of interest rate hikes weakens in the market.
 
Future contracts: All contracts decreased according to VN30. Investors should trade cautiously in the next session.
 
Covered warrants: In the trading session on September 29, 2022, coverred warrants decreased along with the downtrend of the underlying stocks.
 
Highlights:
• VN-Index -17.55 points, closing at 1126.07. HNX-Index -2.94 points, closing at 249.41.
• Pulling the index up: EIB (+0.55), GAS (+0.49), VNM (+0.48), NVL (+0.3), VRE (+0.21).
• Pulling the index down: VIC (-2.8), BCM (-1.65), GVR (-1.32), VCB (-1.2), CTG (-0.85).
• The matched value of VN-Index reached VND 9,160 billion, decreased -14.51% compared to the previous session. The total transaction value reached VND 11,233 billion.
• The trading range is 33.42 points. The market had 118 advancers, 67 reference stocks, 347 decliners.
• Foreign investors' net selling value: VND -158.75 billion on HOSE, including STB (-52.66 billion), KDH (-49.2 billion), HPG (-45.74 billion). Foreign investors were net sellers on HNX with the value of VND -10.16 billion.