Daily Review

20220719_BSC_Vietnam Daily Review_The market accumulates in a narrow range

Date

19/07/2022
Language

Tiếng Việt
Number of Downloads

72

Detailed report

Market outlook

Stock market: The market continued to maintain the accumulation trend below the resistance level of 1180 with medium liquidity. After the morning session with a downtrend, in the afternoon session, the index turned up and closed up nearly 2 points compared to yesterday. Market breadth tilted to the positive side with 9 out of 19 sectors gaining, in which the Oil and gas sector had the strongest increase in line with world oil price movement. Besides, the Electricity sector also had a positive session. Regarding the transactions of foreign investors, today they were net sellers on both HSX and HNX. If VN-Index can bounce from the 1180 area, it is likely to continue to move up to conquer the 1200 level; and if the index falls out of this accumulation zone, it is likely to drop back to 1150.

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

Covered warrants: In the trading session on July 19, 2022, warrants decreased according to the movement of the underlying stock.

Highlights:

VN-Index +1.84 points, closing at 1178.33 points. HNX-Index -0.2 points, closing at 284.43 points.
Pulling the index up: GAS (+2.20), VIC (+0.77), PLX(+0.62), VNM (+0.58), DGC (+0.44).
Pulling the index down: VCB (-0.82), HPG (-0.64), CTG (-0.42), MWG (-0.36), BCM (-0.36).
The matched value of VN-Index reached VND 9,652 billion, down 4.24% compared to the previous session. The total transaction value reached VND 11,262 billion.
The trading range is 11.47 points. The market had 188 advancers, 84 reference stocks and 252 losers.
Foreign investors' net selling value: VND -291.03 billion on HOSE, including HPG (VND -71.95 billion), FUEVFVND (VND -48.90 billion), VHM (VND -38.15 billion). Foreign investors were net sellers on HNX with the value of VND -13.06 billion.

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