Daily Review

20220512_BSC_Vietnam Daily Review_EN_The market fell deeply

Date

12/05/2022
Language

Tiếng Việt
Number of Downloads

94

Detailed report

Market outlook

Stock market: After two slightly gaining sessions, VN-Index returned to the selling trend in today's session. The drop increased strongly in the afternoon session with fear spreading in the market. Market breadth was skewed to the negative side as only 1/19 industries gained. Regarding foreign investors, they continued to be net sellers on both HSX and HNX. The fear, low demand and weak liquidity show that VN-Index is still in the bottom-finding trend and may continue to find a new balance at the support level of 1200 points.

Future contracts: Futures contracts all dropped according to the movement of the VN30 index. It is recommended that investors trade cautiously or wait for a better market period.

Covered warrants: In the trading session on May 12, 2022, warrants fell sharply in line with the movement of the underlying stock.

Highlights:

VN-Index -62.69 points, closing at 1238.84 points. HNX-Index -17.51 points, closing at 315.52 points.
Pulling the index up: SAB (+0.24), LGC (+0.12), EIB (+0.05), PGV (+0.04), TNC (+0.02).
Pulling the index down: VCB (-3.60), BID (-3.11), MSN (-2.71), HPG(-2.66), VPB (-2.51).
The matched value of VN-Index reached VND 14.003 billion, up 36.04% compared to the previous session. The total transaction value reached VND 15.776 billion.
The trading range is 53.60 points. The market had 39 advancers, 25 reference stocks and 424 losers.
Foreign investors' net selling value: VND -97.94 billion on HOSE, including HPG (VND -35.59 billion), VIC (VND -22.94 billion), VCB (VND -19.40 billion). Foreign investors were net sellers on HNX with the value of VND -5.89 billion.

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