Daily Review

20220705_BSC_Vietnam Daily Review_Selling pressure is increasing

Date

05/07/2022
Language

Tiếng Việt
Number of Downloads

88

Detailed report

Market outlook

Stock market: The market struggled in the 1185-1200 area for the whole day before dropping to close at 1180 at the end of the session. Market breadth tilted to the negative side with 16 out of 19 sectors dropping. The Banking sector had a positive session today; on the other hand, the Fishery continued to significantly decline. Regarding the transactions of foreign investors, today they were net sellers on both HSX and HNX. The trading volume increased significantly supporting the decrease, showing that the index might drop back to 1160-1180 area in the short term.

Future contracts: The futures contracts mostly dropped according to the movement of the VN30 index. It is recommended that investors consider short selling futures contracts in the next trading session.

Covered warrants: In the trading session on July 5, 2022, warrants decreased according to the movement of the underlying stock.

Highlights:

VN-Index -14.24 points, closing at 1181.29 points. HNX-Index -3.25 points, closing at 277.94 points.
Pulling the index up: BID (+1.67), TCB (+1.30), MBB(+0.85), CTG (+0.49), STB (+0.35).
Pulling the index down: GAS (-2.59), MSN (-1.95), VNM (-1.03), MWG (-0.83), GVR (-0.78).
The matched value of VN-Index reached VND 12.379 billion, up 38.73% compared to the previous session. The total transaction value reached VND 13.807 billion.
The trading range is 19.7 points. The market had 120 advancers, 48 reference stocks and 347 losers.
Foreign investors' net selling value: VND -268.65 billion on HOSE, including VHM (VND -76.76 billion), VCB (VND -46.89 billion), MSN (VND -36.40 billion). Foreign investors were net sellers on HNX with the value of VND -6.55 billion.

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