Title 20230309_BSC_Vietnam Daily Review_EN_The fourth consecutive rally
Report Type Báo cáo ngày
Source BSC
Bussiness HOSTC
Detail Date : 09/03/2023
Total pages : 6
Language : English
File Type : .PDF
FileSize : 602 Kb
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Short Content

Market outlook  

Stock market: The slight uptrend lasted today and ended at 1055.95 points, a slight increase of 6.77 points. Market breadth tilted to the positive side with 15 out of 19 industries gaining, in which the Tourism and Entertainment (HVN) industry increased sharply thanks to the news that China will open tourist travels route to Vietnam from March 15. Regarding the transactions of foreign investors, today they continued to be net buyers on both HSX and HNX. The market is showing signs of retesting the resistance level of 1050 points. Increased liquidity in recent sessions is supporting the uptrend of VN-Index. However, investors should still trade cautiously before the possibility that the Fed will raise interest rates above the expected level. This decision will depend a lot on the February CPI number (March 14).
 
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 9, 2023, covered warrants fluctuated along with the recovery  of the underlying stocks.
 
Highlights:
• VN-Index +6.77 points, closing at 1055.95. HNX-Index +0.35 points, closing at 209.03.
• Pulling the index up: VCB (+0.95), GVR (+0.65), STB (+0.54), VJC (+0.48), HVN (+0.47).
• Pulling the index down: BID (-0.44), VRE (-0.15), BCM (-0.13), VCF (-0.07), HDB (-0.06).
• The matched value of VN-Index reached VND 9,606 billion, increased 22.85% compared to the previous session. The total transaction value reached VND 10,729 billion.
• The trading range is 11.38 points. The market had 271 advancers, 67 reference stocks, 118 decliners.
• Foreign investors' net buying value: VND 189.98 billion on HOSE, including HSG (65.37 billion), SSI (55.63 billion), POW (39.06 billion). Foreign investors were net buyers on HNX with the value of VND 4.93 billion.