Daily Review

20220617_BSC_Vietnam Daily Review_EN_The market is moving sideways

Date

17/06/2022
Language

Tiếng Việt
Number of Downloads

96

Detailed report

Market outlook

Stock market: Opening the session with a negative gap of 27 points, the VN-Index tried to narrow its decline throughout the day, finally ending the session at around 1220 points, down more than 19 points compared to the previous session. Market breadth skewed to the negative side with 14 out of 19 sectors dropping, in which the Financial Services sector had the most significant drop as Banking and Securities both declined sharply. On the contrary, Electricity sector had a positive session as a defensive sector. Regarding the transactions of foreign investors, today they were net buyers on both HSX and HNX. In the upcoming trading sessions, investors should trade cautiously when international macro factors tend to tighten, which will have a negative impact on the domestic economy.

Future contracts: Most futures contracts drop in line with the movement of the VN30. It is recommended that investors consider Long futures contracts in the next trading sessions.

Covered warrants: During the trading session on June 17, 2022, warrants decreased according to the movement of the underlying stock.

Highlights:

VN-Index -19.33 points, closing at 1217.30 points. HNX-Index -7.71 points, closing at 280.06 points.
Pulling the index up: GAS (+3.14), MSN (+2.47), POW(+0.44), EIB (+0.25), REE (+0.21).
Pulling the index down: VCB (-3.56), MBB (-1.48), CTG (-1.38), TCB (-1.36), VPB (-1.23).
The matched value of VN-Index reached VND 15.650 billion, up 13.28% compared to the previous session. The total transaction value reached VND 17.334 billion.
The trading range is 28.49 points. The market had 87 advancers, 37 reference stocks and 391 losers.
Foreign investors' net buying value: VND 309.68 billion on HOSE, including HPG (VND 107.54 billion), VND (VND 70.84 billion), DXG (VND 66.92 billion). Foreign investors were net buyers on HNX with the value of VND 2.47 billion.

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