Daily Review

20240708_BSC_Vietnam Daily Review_VN_Market went sideways

Date

08/07/2024
Security code
Company
Language

Tiếng Anh
Number of Downloads

40

Detailed report

Market outlook

The VN-Index continued to trade around the 1,280 level today before closing at 1,283.56 points, almost unchanged from the previous session. Market breadth tilted towards the positive side with 13/18 industries gaining points, led by the Oil and Gas sector. In addition, the Chemicals and Retail sectors also had a positive trading session. In terms of foreign block trading, foreign investors net sold more than two trillion VND on the HSX today and net bought slightly on the HNX. The VN-Index is still showing a tug-of-war at the 1,285 resistance level. Investors should trade cautiously, if the VN-Index cannot hold this level, the index may pull back to 1,260.

Futures contracts

Futures contracts all decreased according to the movement of VN30.

Covered warrants

During the trading session on 08/07/2024, warrants fluctuated according to the struggling movement of the underlying stocks.

Highlight

• VN-Index +0.52 points, closing at 1283.56 points. HNX-Index +0.84 points, closing at 243.15 points.

• Pulling the index up: GVR (+1.44), PLX (+0.85), MWG (+0.52), DCM (+0.36), FPT (+0.33).

• Pulling the index down: VCB (-1.10), VIC (-0.93), SAB (-0.49), VHM (-0.48), BID (-0.42).

• The matched trade value of VN-Index reached VND 17,513 billion, increased 14.79% compared to the previous session. The total transaction value reached VND 19,854 billion.

• The trading range is 9.46 points. The market had 243 gainers, 48 remaining unchanged, 214 losers.

• Foreign investors' net selling value: VND -2317.51 billion on HOSE, including HDB (VND -501.51 billion), FPT (VND -263.13 billion), STB (VND -246.72 billion), SAB (VND -195.98 billion), MWG (VND -184.68 billion). Foreign investors were net buyers on HNX with the value of VND 0.15 billion.

BSC30, BSC50 performance

• BSC30 +0.45%. Positive stocks: DCM (+6.93%), POW (+3.08%), MWG (+2.13%).

• BSC50 +0.73%. Positive stocks: CSV (+6.98%), PLX (+5.80%), GVR (+3.99%).