Title 20221006_BSC_Vietnam Daily Review_EN_The red wave
Report Type Báo cáo ngày
Source BSC
Detail Date : 06/10/2022
Total pages : 5
Language : English
File Type : .PDF
FileSize : 458 Kb
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Short Content

 Market outlook  

Stock market: Contrary to the strong gain of the previous session, VN-Index dropped sharply today with red covering the market from the morning to the afternoon session. Market liquidity remained at the average level with market breadth in negative state, showing that negative sentiment is dominating trading activities. All 19/19 industries dropped with the strongest drop coming from Retail and Telecommunications sectors. Regarding foreign investors, they were net sellers on the HSX while being net buyers on the HNX. Today's sharp drop is quite appropriate in the context that investors are wondering about the market trend. BSC maintains the strategy of keeping a high cash ratio in the portfolio especially during this period.
 
Future contracts:  All contracts decreased according to VN30. Investors should increase the proportion of cash and wait for new information.

Covered warrants:  In the trading session on October 6, 2022, coverred warrants decreased along with the downtrend of the underlying stocks.
 
Highlights:
• VN-Index -29.74 points, closing at 1074.52. HNX-Index -6.99 points, closing at 235.13.
• Pulling the index up: EIB (+0.69), VIC (+0.1), PGV (+0.09), STG (+0.05), PTB (+0.05).
• Pulling the index down: HPG (-1.78), MSN (-1.7), VCB (-1.69), MWG (-1.57), GVR (-1.32).
• The matched value of VN-Index reached VND 9,799 billion, increased 23.32% compared to the previous session. The total transaction value reached VND 11,116 billion.
• The trading range is 34.4 points. The market had 60 advancers, 31 reference stocks, 429 decliners.
• Foreign investors' net buying value: VND 225.46 billion on HOSE, including DPM (37.75 billion), FUEVFVND (36.62 billion), CTG (35.3 billion). Foreign investors were net sellers on HNX with the value of VND -2.76 billion.