Title 20230316_BSC_Vietnam Daily Review_EN_The upward momentum has halted
Report Type Báo cáo ngày
Source BSC
Bussiness HOSTC
Detail Date : 16/03/2023
Total pages : 6
Language : English
File Type : .PDF
FileSize : 533 Kb
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Short Content

Market outlook:  

Stock market: The market experienced a correction after yesterday's substantial gain. VN-Index ended the session at 1,047.4 points, down nearly 15 points compared to yesterday. Market breadth tilted to the negative side with 17 out of 19 sectors dropping, with which the biggest drop being in the Oil and Gas industry. Regarding foreign investors' transactions, today they were a net buyer on the HSX and a slight net seller on the HNX. Currently, VN-Index is still closing above the support level of 1,040. The movement of the VN-Index is in a trend that is difficult to determine due to the intertwined and diffuse influences from (1) the cases surrounding SVB and Credit Suisse and (2) the restructuring of the ETF as mentioned in the weekly report. It is recommended that investors trade cautiously in the short term until the market trend is clearer.
 
Future contracts: Futures contracts decreased 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 16, 2023, covered warrants fluctuated along with the struggling movement of the underlying stocks.
 
Highlights:
• VN-Index -14.79 points, closing at 1047.4. HNX-Index -2.82 points, closing at 204.19.
• Pulling the index up: VRE (+0.26), SAB (+0.24), VPD (+0.04), DIG (+0.04), HRC (+0.03).
• Pulling the index down: VHM (-1.64), GAS (-1.15), BID (-0.7), VIC (-0.67), CTG (-0.66).
• The matched value of VN-Index reached VND 7,993 billion, decreased -11.63% compared to the previous session. The total transaction value reached VND 9,402 billion.
• The trading range is 18.54 points. The market had 55 advancers, 41 reference stocks, 358 decliners.
• Foreign investors' net buying value: VND 87.34 billion on HOSE, including HSG (73.16 billion), VRE (51.74 billion), HPG (38.26 billion). Foreign investors were net sellers on HNX with the value of VND -2.11 billion.