20221007_BSC_Vietnam Daily Review_EN_Downtrend continued

Stock market: Opening with a negative gap, then VN-Index was under selling pressure in the whole morning session. In the afternoon session, the downtrend showed signs of slowing down, the market struggled in the range of 1,020-1,040 before closing at 1,035.91, down nearly 39 points compared to yesterday. Market breadth tilted to the negative side with 17/19 sectors in red, of which the only sector keeping the green today was the Oil & Gas sector. Large-cap stocks were the main cause of decline today as 26/30 stocks in the VN30 group dropped, including 8 stocks hitting the floor price. Regarding the transactions of foreign investors, today this group was a bright spot when they slightly net bought on both the HSX and HNX. Bottom-fishing demand has appeared at 1,035 points, but the current market sentiment is still negative. Investors should continue waiting before making investment decision.

Future contracts:  All contracts contracts decreased according to VN30. Investors should cautiously trade in the short term and short future  contracts in the session.

 

Covered warrants:  In the trading session on October 7, 2022, coverred warrants decreased along with the downtrend of the underlying stocks.

 

• VN-Index -38.61 points, closing at 1035.91. HNX-Index -9.04 points, closing at 226.09.

• Pulling the index up: VHM (+0.22), SAB (+0.2), VJC (+0.11), VIC (+0.1), EIB (+0.08).

• Pulling the index down: VCB (-4.1), GAS (-2.39), BID (-2.32), MSN (-1.89), TCB (-1.83).

• The matched value of VN-Index reached VND 14,214 billion, increased 45.06% compared to the previous session. The total transaction value reached VND 16,977 billion.

• The trading range is 52.14 points. The market had 52 advancers, 31 reference stocks, 440 decliners.

• Foreign investors' net buying value: VND 259.02 billion on HOSE, including VIC (64.56 billion), HPG (55.86 billion), VNM (52.44 billion). Foreign investors were net buyers on HNX with the value of VND 9.1 billion.