Title 20230308_BSC_Vietnam Daily Review_EN_VN-Index maintains its uptrend_FRT_Positive signal
Report Type Báo cáo ngày
Source BSC
Bussiness HOSTC
Detail Date : 08/03/2023
Total pages : 7
Language : English
File Type : .PDF
FileSize : 825 Kb
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Short Content

Market outlook  

Stock market: The market struggled below the threshold of 1,035 all morning before rebounding strongly in the afternoon and ending the session at 1,049.18 points, an increase of more than 11 points compared to yesterday. Market breadth tilted to the positive side with 15 out of 19 sectors gaining, in which Financial Services, Construction and Materials, and Banking were the gainers today. Regarding the transactions of foreign investors, today they continued to be net buyers on both HSX and HNX. After the Fed chairman's statement at the hearing on March 7 about the need to tighten monetary policy further to deal with inflation, the interest rate on US government bonds with a term of 2 years jumped to 5%, the price USD value also increased sharply, contributing to pressure on Vietnam's monetary policy. In the immediate future, the market is facing a support level of 1,050 and it is likely that there will be a struggle here in the next few trading sessions.

Future contracts: Futures contracts increased in line with the movement of VN30. It is recommended that investors trade cautiously in the coming sessions.

Covered warrants: In the trading session on March 8, 2023, covered warrants fluctuated along with the recovery  of the underlying stocks.

Highlights:
• VN-Index +11.34 points, closing at 1049.18. HNX-Index +1.18 points, closing at 208.68.
• Pulling the index up: BID (+1.4), VPB (+1.27), MSN (+0.75), GAS (+0.67), CTG (+0.48).
• Pulling the index down: MWG (-0.11), SAB (-0.06), PDN (-0.04), KDC (-0.04), AST (-0.04).
• The matched value of VN-Index reached VND 7,819 billion, increased 11.11% compared to the previous session. The total transaction value reached VND 8,538 billion.
• The trading range is 21.38 points. The market had 256 advancers, 80 reference stocks, 123 decliners.
• Foreign investors' net buying value: VND 214 billion on HOSE, including HPG (44.21 billion), VND (37.29 billion), SSI (32.3 billion). Foreign investors were net buyers on HNX with the value of VND 20.28 billion.