Vietstock says optimism has returned

[ad_1]


Derivatives November 9, 2023: Optimism Returns

Vietstock – Derivatives November 9, 2023: Optimism returns

Futures contracts rose simultaneously during the trading session on November 8, 2023. The VN30 index rose sharply and a white Marubozu candlestick pattern appeared, indicating that investor psychology is very optimistic.

1. Stock index futures contract

1.1. Market trends

Futures contracts rose simultaneously during the trading session on November 8, 2023. Specifically, VN30F2311 (F2311) rose 3.52% to 1,134 points; VN30F2312 (F2312) rose 3.67% to 1,132.9 points; VN30F2403 (F2403) contract rose 3.53% to 1,129 points; contract VN30F2406 (F2406) rose 3.6 5%, Reaching 1,125.3 points.underlying index VN30-index It closed at 1,129.95 points.

contract VN30F2311 It continued to fall sharply after the opening and then fell into decline during the early trading period. It unexpectedly appeared in the afternoon, and many parties returned strongly, driving F2311 up, closing up 38.6 points.

In-session chart VN30F2311

Source: https://stockchart.vietstock.vn/

Closing ceremony, contract basis VN30F2311 It expanded from the previous trading day, reaching 4.05 points. This shows that investor sentiment is very positive.

volatility VN30F2311 and VN30-index

Source: VietstockFinance

Note: The basis is calculated according to the following formula: basis = futures contract price – VN30-index

The trading volume and transaction amount increased by 51.03% and 52.21% respectively compared with the trading session on November 7, 2023. Among them, the trading volume of F2311 increased by 50.45%, matching 338,840 contracts. The trading volume of F2312 reached 2433 lots, a year-on-year increase of 198.89%.

Foreign investors continued to make net purchases, with the total net purchases during the trading session on November 8, 2023 reaching 819 lots.

Fluctuations in daily trading volumes in derivatives markets.Unit: Contract

source: Vietnam Stock Finance

I.2. Futures Contract Pricing

Based on the fair valuation method starting on November 9, 2023, the fair price framework for futures contracts traded in the market is as follows:

source: Vietnam Stock Finance

Note: Opportunity costs in the pricing model are adjusted to fit the Vietnamese market. Specifically, the risk-free bill (government bill) interest rate will be replaced by the average deposit rate of large banks, with the maturity adjusted appropriately for various futures contracts.

I.3.technical analysis VN30-index

Trading session on November 8, 2023, VN30-index The sharp rise and the appearance of the white Marubozu candlestick pattern indicate that investor sentiment is very bullish.

In addition, trading volume improved significantly and was above the 20-trading day average, proving that cash flow is once again active.

Currently, the index VN30-index It has crossed below the middle line of the Bollinger Band, and the short-term recovery momentum has further strengthened.

Source: VietstockUpdater

2. Similar contracts hybrid bond market

Based on the fair valuation method starting on November 9, 2023, the fair price framework for futures contracts traded in the market is as follows:

source: Vietnam Stock Finance

Note: Opportunity costs in the pricing model are adjusted to fit the Vietnamese market. Specifically, the risk-free bill (government bill) interest rate will be replaced by the average deposit rate of large banks, with the maturity adjusted appropriately for various futures contracts.

Based on the above valuations, the GB05F2312, GB05F2403, and GB05F2406 contracts are currently priced attractively. Investors can pay attention and buy in the near future because these futures contracts are cheap in the market.

Economic Analysis and Market Strategy Department, Vietstock Consulting Department

[ad_2]

Source link

Related Posts

NEAR and Polygon collaborate on zero-knowledge proof innovation

[ad_1] The NEAR Foundation has partnered with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution that enhances the interoperability and security of WASM chains. The NEAR…

Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance

[ad_1] Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance AmazonThe world’s largest online retail and technology provider, through its web services arm AWS (Amazon Web Services), recently revealed…

Financial giant Fidelity responds to 9 common misconceptions and criticisms about Bitcoin

[ad_1] Financial services giant Fidelity has addressed nine common criticisms and misconceptions about Bitcoin, highlighting that some of them are “unfounded or unlikely to be…

Third-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Lyft reports: Third-quarter profits down, revenue up Investing.com – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat…

CEHV partners say future uncertain during Genesis shutdown

[ad_1] Many analysts are speculating on the outcome of the spot Bitcoin ETF race, and CEHV partner Adam Cochran shared his views in a Nov. 8 X…

Second-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Take-Two reports: Second-quarter profits fall, revenue rises Investing.com – Take-Two (NASDAQ: ) on Wednesday reported second-quarter results that missed analysts’ expectations and revenue that beat…

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *