Daily Review

20230208_BSC_Vietnam Daily Review_EN_VN-Index slightly increased

Date

08/02/2023
Language

Tiếng Việt
Number of Downloads

135

Detailed report

Market outlook

Stock market: The VN-Index struggled in the 1,060-1,080 range before finishing at 1,072.22 points, up 6 points with negligible liquidity. The market breadth was well balanced, with 9 out of 19 sectors advancing, with the Basic Resources sector recovering and gaining the most. Furthermore, the Financial Services and Banking sectors had a good session. In terms of foreign investor transactions, they were net purchasers on both the HSX and the HNX today. Despite a minor recovery, the index finished below the MA20 and outside of the contracting triangle pattern, indicating that short-term risks remain high. The index may decline lower in the next sessions to the 1,050-1,060 zone, where BSC anticipates bottom fishing.

Future contracts: Futures contracts increased according to the movement of VN30. It is recommended that investors trade cautiously in the coming sessions.

Covered warrants: In the trading session on February 8, 2023, covered warrants fluctuated along with the recovery of the underlying stocks.

Highlights:

• VN-Index +6.38 points, closing at 1072.22. HNX-Index +0.62 points, closing at 210.62.

• Pulling the index up: VCB (+2.61), HPG (+1.6), SAB (+0.96), BID (+0.89), CTG (+0.84).

• Pulling the index down: PLX (-0.58), VIC (-0.57), MWG (-0.44), STB (-0.35), VHM (-0.22).

• The matched value of VN-Index reached VND 8099 billion, decreased -19.18% compared to the previous session. The total transaction value reached VND 10,010 billion.

• The trading range is 16.01 points. The market had 210 advancers, 67 reference stocks, 188 decliners.

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