Daily Review

20220531_BSC_Vietnam Daily Review_EN_The market fluctuated around the threshold of 1300 points_TA_CTD_Recovery signal

Date

31/05/2022
Language

Tiếng Việt
Number of Downloads

76

Detailed report

Market outlook

Stock market: Being unable to overcome the psychological threshold of 1300 today, VN-Index ended the session almost unchanged compared to yesterday. Market breadth tilted to the negative side with 11 out of 19 sectors dropping. Among the gaining sectors are Electricity, Water, & Petroleum with an increase of more than 4.5%. Regarding transactions of foreign investors, today they were net buyers on both HSX and HNX. Currently, the index is slowing down after the previous uptrend. The index might accumulate around 1290 in 1 or 2 sessions and may bounce off the psychological 1300 level when there is supportive cash flow. All technical indicators are positive, supporting the uptrend of VN-Index, except for the insignificant liquidity.

Future contracts: Most futures contracts drop in line with the movement of the VN30. It is recommended that investors cautiously trade in the next session.

Covered warrants: In the trading session on May 31, 2022, warrants decrease according to the movement of the underlying stock.

Technical analysis (page 2): CTD_Recovery signal

Highlights:

VN-Index -1.24 points, closing at 1292.68 points. HNX-Index 2.99 points, closing at 315.76 points.
Pulling the index up: GAS (+3.96), VHM (+1.23), VCB(+1.08), MSN (+0.87), CTG(+0.74).
Pulling the index down: HPG (-0.83), VPB (-0.66), BID (-0.57), TCB (-0.52), VNM (-0.41).
The matched value of VN-Index reached VND 14.287 billion, up 11.99% compared to the previous session. The total transaction value reached VND 16.108 billion.
The trading range is 17.20 points. The market had 147 advancers, 57 reference stocks and 298 losers.
Foreign investors' net buying value: VND 384.29 billion on HOSE, including FUEVFVND (VND 214.86 billion), VHM (VND (63.38 billion), DGC (VND 46.85 billion). Foreign investors were net buyers on HNX with the value of VND 56.91 billion.

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