Title 20230201_BSC_Vietnam Daily Review_EN_VN-Index dropped sharply
Report Type Báo cáo ngày
Source BSC
Bussiness HOSTC
Detail Date : 01/02/2023
Total pages : 5
Language : English
File Type : .PDF
FileSize : 470 Kb
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Short Content

Market outlook  

Stock market: VN-Index fluctuated around 1,100 during the whole morning session. In the afternoon session, suddenly, selling force appeared and pushed the index down to close at 1,075.97 points, down more than 3% compared to yesterday. Market breadth tilted to the negative side with 17 out of 19 sectors ending in the red, in which Financial Services led the decline. Regarding the transactions of foreign investors, today they were net buyers on both HSX and HNX. A strong decline session with significant liquidity like today’s hints that the market may continue to lose momentum in the short term. BSC expects the market to bounce back when it hits the support area around 1,050 points.

Future contracts: Futures contracts decreased according to the movement of VN30. It is recommended that investors trade cautiously in the coming sessions.

Covered warrants: In the trading session on February 1, 2023, covered warrants fluctuated along with the downtrend of the underlying stocks.

Highlights:
• VN-Index -35.21 points, closing at 1075.97. HNX-Index -6.42 points, closing at 216.01.
• Pulling the index up: HDB (+0.22), MWG (+0.22), NVL (+0.17), SBT (+0.17), GAS (+0.14).
• Pulling the index down: VCB (-3.33), VHM (-3.17), BID (-2.92), MSN (-2.11), VPB (-1.95).
• The matched value of VN-Index reached VND 16,394 billion, increased 39.71% compared to the previous session. The total transaction value reached VND 17,623 billion.
• The trading range is 40.99 points. The market had 89 advancers, 37 reference stocks, 351 decliners.
• Foreign investors' net buying value: VND 93.35 billion on HOSE, including HPG (201.15 billion), HCM (48.39 billion), HDB (44.4 billion). Foreign investors were net buyers on HNX with the value of VND 39.46 billion.