20220302_BSC_Vietnam Daily Review_VN_Dawn of Banking sector

Stock market: Throughout today’s session, Banking sector decreased points, together with Securities sector. The gain from Fertilizer, Chemical, Steel, and Petroleum stocks could not save the VN-Index. The index ended the session down more than 13 points. Market breadth tilted to the negative side with 12/19 sectors in the red. Regarding the transactions of foreign investors, today they were a net seller of more than 1,000 billion on the HSX and only a slight net buy on the HNX. The red market with increasing trading volume is not a positive signal; investors should be careful in trading in the coming sessions. VN-Index closed below MA50; If the index doesn't bounce off this level in the next sessions, it will likely drop to the next support level at 1475.

 

Future contracts: Futures contracts all dropped in line with the movement of the VN30. Investors should trade cautiously in the coming sessions.

 

Covered warrants: In the trading session on March 2, 2022, most warrants fell sharply according to the movement of the underlying stock.

 

• VN-Index -13.26 points, closed at 1,485.52 points. HNX-Index -1.31 points, closed at 442.25 points.

• Pulling the index up: GAS (+0.74), VJC (+0.58), NVL (+0.50), BCM (+0.43), SAB (+0.41).

• Pulling the index down: BID (-2.04), CTG (-1.53), MBB (-1.38), VPB (-1.37), TCB (-0.96).

• The matched value of VN-Index reached VND 29,331 billion, up 18% compared to the previous session. The total transaction value reached VND 30,327 billion.

• The fluctuation range is 20.86 points. The market had 137 advancers, 52 reference stocks and 319 losers.

• Foreign investors' net selling value: VND -1169.92 billion dong on HOSE, including HDB (VND -153.67 billion), HPG (VND -130.62 billion), CTG (VND -104.82 billion). Foreign investors were net buyers on HNX with the value of VND 4.90 billion.