20220517_BSC_Vietnam Daily Review_EN_Signs of market recovery

Market outlook  

Stock market: VN-Index today gained strongly from the beginning of the session, then went straight up to close at 1228.37, up 56.42 points compared to yesterday. 17/30 stocks in the VN30 group gained, while the remaining 13 stocks… went to the ceiling, creating strong momentum for VN-Index to conquer the 1200 threshold again. Market breadth tilted to the positive side with 19/19 sectors gaining, in which the strongest gainer was Oil and Gas. Regarding the transactions of foreign investors, today they slightly net sold on both the HSX and HNX. Today's session increased strongly, but the trading volume was still modest; Therefore, in the coming sessions, the market may face profit-taking pressure, investors should trade cautiously in the coming sessions, waiting for clearer confirmation signals.

• VN-Index 56.42 points, closing at 1228.37 points. HNX-Index 8.38 points, closing at 315.44 points.
• Pulling the index up: BID (+2.93), GAS (+2.88), MSN (+2.29), VPB (+2.29), VNM (+2.24).
• Pulling the index down: VPG (-0.03), VFG (-0.03), LGC (-0.02), TRA (-0.02), SHP (-0.01).
• The matched value of VN-Index reached VND 13.260 billion, down 3.58% compared to the previous session. The total transaction value reached VND 14.297 billion.
• The trading range is 45.37 points. The market had 425 advancers, 22 reference stocks and 58 losers.
• Foreign investors' net selling value: VND -27.76  billion on HOSE, including  CTG (VND 71.70 billion), VNM (VND 60.66 billion), GMD (VND 53.22 billion). Foreign investors were net sellers on HNX with the value of VND -32.66 billion.