20240822_BSC_Vietnam Daily Review_VN_VN-Index went sideways

Market outlook
The VN-Index traded within the range of 1,280 – 1,285 for most of the day and closed at 1,282.78 points, showing little change from yesterday. The number of declining stocks exceeded the number of advancing stocks, with 11 out of 18 sectors gaining ground, led by the Communications sector. On the other hand, the Basic Materials sector experienced the largest decline today. Foreign investors were net sellers on both the HSX and HNX exchanges. The short-term recovery of the market has shown signs of slowing down at the resistance level of 1,285 – 1,290. The VN-Index may continue to consolidate at this level, but it is also important to consider the selling pressure. Investors should trade cautiously.

Futures contracts
Futures contracts increased according to the movement of VN30, except for VN30F2410.

Covered warrants
During the trading session on 22/08/2024, warrants fluctuated according to the struggling movement of the underlying stocks.

Highlight
• VN-Index -1.27 points, closing at 1282.78 points. HNX-Index +0.05 points, closing at 238.47 points.
• Pulling the index up: SSB (+0.67), TCB (+0.61), CTG (+0.53), VRE (+0.46), MSN (+0.18).
• Pulling the index down: HPG (-0.61), VNM (-0.55), VCB (-0.54), MBB (-0.44), GVR (-0.43).
• The matched trade value of VN-Index reached VND 14,000 billion, decreased -21.53% compared to the previous session. The total transaction value reached VND 15,569 billion.
• The trading range is 8 points. The market had 171 gainers, 87 remaining unchanged, 228 losers.
• Foreign investors' net selling value: VND -472.53 billion on HOSE, including HPG (VND -245.59 billion), HSG (VND -121.89 billion), VPB (VND -50.90 billion), HDB (VND -41.56 billion), PVD (VND -34.95 billion). Foreign investors were net sellers on HNX with the value of VND -81.90 billion.

BSC30, BSC50 performance
• BSC30 -0.32%. Positive stocks: TCB (+1.59%), CTG (+1.17%), PNJ (+0.83%).
• BSC50 -0.19%. Positive stocks: VRE (+4.23%), BMP (+3.48%), PDR (+1.90%).