Daily Review

20220620_BSC_Vietnam Daily Review_EN_The market fell deeply

Date

20/06/2022
Language

Tiếng Việt
Number of Downloads

105

Detailed report

Market outlook

Stock market: VN-Index continuously went down from the opening to the close, ending the session down nearly 37 points compared to the previous session. Market breadth skewed to the negative side with 17 out of 19 sectors dropping, in which the Oil & Gas sector had the biggest drop as the world oil price experienced a sharp drop last week. Regarding the transactions of foreign investors, today they were net sellers on both HSX and HNX. The fact that the VN stock market may drop to the threshold of 1160-1180 if the Fed raises the interest rate by 0.75% is already in BSC's forecast. Investors should trade carefully during this time because the trading volume is supporting the market's downtrend.

Future contracts: The futures contracts mostly dropped according to the movement of the VN30 index. It is recommended that investors consider Shorting futures contracts in the next trading session.

Covered warrants: In the trading session on June 20, 2022, warrants decreased according to the movement of the underlying stock.

Highlights:

VN-Index -36.9 points, closing at 1180.40 points. HNX-Index -12.14 points, closing at 267.92 points.
Pulling the index up: VNM (+1.32), VJC (+0.31), SHB(+0.29), HAG (+0.25), PND (+0.04).
Pulling the index down: GAS (-4.39), BID (-2.63), MSN (-1.15), HPG (-1.77), TCB (-1.34).
The matched value of VN-Index reached VND 14.023 billion, down 10.39% compared to the previous session. The total transaction value reached VND 15.440 billion.
The trading range is 41.2 points. The market had 72 advancers, 36 reference stocks and 407 losers.
Foreign investors' net selling value: VND -604.61 billion on HOSE, including HPG (VND -248.10 billion), MWG (VND -192.46 billion), VND (VND -144.78 billion). Foreign investors were net sellers on HNX with the value of VND -11.12 billion.

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