20220124_BSC_Vietnam Daily Review_VN_Red of Tet

Stock market: Real estate and Securities sectors were on the floor all day. Other stocks, in general, were also in red. There were 419 stocks falling, but only 66 stocks advancing. There were only 1/19 sectors gaining, which is Banking with an increase of 0.32%. Foreign investors are also a minus point as they continued to net sell VND 225 billion on the HSX. According to technical analysis, VN-Index has approached the MA100 and there is a high possibility that there will be no breakthrough in the last week of this lunar year. However, investors should not be too worried because in January 2021 there was also a similar correction, and VN-Index reversed to increase after successfully testing MA100. The index is likely to gradually stabilize in the coming sessions after successfully testing MA100 level and may reverse to increase after the Lunar New Year holiday ends.

 

Future contracts: The correction of VN30 led to a decrease in the scores of futures contracts. Investors should trade cautiously in the coming sessions.

 

Covered warrants: In the trading session on January 24, 2022, most warrants fell sharply following the movement of the underlying stock.

 

• VN-Index -33.18 points, closing 1,439.71 points. HNX-Index -17.08 points, closing 400.76 points.

• Pulling the index up: VCB (+4.57), ACB (+0.62), TCB (+0.44), MBB (+0.29), EIB (+0.12).

• Pulling the index down: VHM (-3.55), HPG (-2.96), MSN (-2.40), GVR (-2.29), VRE (-1.21).

• The matching value of VN-Index reached VND 23,507 billion, up 8.4% compared to the previous session. The total transaction value reached VND 24,787 billion.

• The fluctuation range is 36 points. The market had 66 gainers, 22 reference stocks and 419 losers.

• Foreign investors' net buying value: VND -225.02 billion on HOSE, including VIC (VND -206.95 billion), DGW (VND -87.71 billion), HPG (VND -83.83 billion). Foreign investors were net buyers on HNX with the value of VND 3.62 billion.