20240508_BSC_Vietnam Daily Review_VN_VN-Index returned to resistance level at 1,250

Market outlook

VN-Index struggled at resistance level of 1,250 all day today before closing at 1,250.46, up nearly 2 points compared to yesterday. The number of declining stocks was greater than the number of increasing ones; 10/18 sectors increased, of which the Oil and Gas led the increase today. In the other hand, the Tourism and entertainment turned down sharply. Regarding foreign investors, today they returned to net sell more than 1 trillion dong on the HSX. Bottom-catching cash flow was quite good at 1,235, supporting the index's recovery. However, profit-taking pressure may occur at the 1,250 threshold in the coming sessions, so investors should trade carefully.

 

Futures contracts

VN30F2409 and VN30F2405 increased, VN30F2406 and VN30F24012 decreased.

 

Covered warrants

During the trading session on 08/05/2024, warrants fluctuated according to the struggling movement of the underlying stocks.

 

Highlight

• VN-Index +1.83 points, closing at 1250.46 points. HNX-Index +1.56 points, closing at 234.52 points.

• Pulling the index up: HPG (+0.79), GAS (+0.63), PLX (+0.42), MSN (+0.39), SAB (+0.38).

• Pulling the index down: VPB (-0.48), NVL (-0.44), HVN (-0.39), BID (-0.28), CTG (-0.26).

• The matched trade value of VN-Index reached VND 19,192 billion, increased 27.59% compared to the previous session. The total transaction value reached VND 23,261 billion.

• The trading range is 16.86 points. The market had 204 gainers, 68 remaining unchanged, 233 losers.

• Foreign investors' net selling value: VND -1285.78 billion on HOSE, including VHM (VND -921.37 billion), TCB (VND -219.31 billion), PVD (VND -72.07 billion), VRE (VND -50.85 billion), CTG (VND -45.11 billion). Foreign investors were net buyers on HNX with the value of VND 70.02 billion.

 

BSC30, BSC50 performance

• BSC30 +0.42%. Positive stocks: PVS (+4.90%), PVD (+3.44%), DCM (+2.55%).

• BSC50 +0.50%. Positive stocks: PVT (+6.84%), CSV (+4.14%), QTP (+3.68%).