Derivatives January 11, 2022: Return to the range of 1,470-1,490 points

Derivatives January 11, 2022: Returning to the range of 1,470-1,490 points

Future contracts simultaneously dropped in the trading session on January 10, 2022 . Basis contract VN30F2201 reversed and reached a value of -1.6 points. This shows that investors are pessimistic about the prospect of VN30-Index.

I. CONTRACT FREE OF STOCK MARKET INDEX

I.1. Market movements

Future contracts all dropped in the trading session on January 10, 2022. VN30F2201 (F2201) decreased by 1.72%, to 1,513.1 points; VN30F2202 (F2202) decreased by 0.6%, to 1,516.8 points; contract VN30F2203 (F2203) decreased by 1.23%, to 1,517 points; contract VN30F2206 (F2206) decreased by 1.30%, to 1,516.2 points. Currently, the base index VN30-Index is at 1,514.7 points.

Volume and price The transaction value of the derivatives market decreased by 1.46% and 2.15% respectively compared to the session on January 7, 2022. Specifically, F2201 trading volume decreased by 1.72% with 107,206 contracts matched. Trading volume of F2202 reached 452 contracts, up 77.25%.

Foreign investors had the 4th net selling session in a row with the total net selling volume in the trading session on January 10, 2022 reaching 475 contracts.

In In the trading session on January 10, 2022, the overwhelming selling force made the F2201 contract drop during the morning session. In the afternoon session, the drop continued to increase, causing the contract to sink deeply in red and close at the lowest level of the day.

Graph in session of VN30F2201

The source: https://stockchart.vietstock.vn/

End session, contract VN30F2201 reversed and reached a value of -1.6 points. This shows that investors have returned to pessimism about the prospect of VN30-Index.

Volatile VN30F2201 and VN30-Index

The source: VietstockFinance

Note: Basis is calculated according to the following formula: Basis=Futures contract price – VN30-Index

I.2. Valuation of futures contracts

Based on fair pricing method with the starting date of 11/01/2022, the fair price bracket of the futures contracts being traded on the market is shown as follows:

Source: VietstockFinance

Note: The opportunity cost in the pricing model is adjusted to suit the Vietnamese market. Specifically, the risk-free bill interest rate (Government bill) will be replaced by the average deposit interest rate of large banks with term adjustment suitable for each type of futures contract.

I.3. Technical Analysis VN30-Index

During the trading session on January 10, 2022, VN30-Index had the 4th correction session in a row and broke the SMA 50

day. This shows the market’s risk of reversing the uptrend.

Currently, the range of 1,470-1,490 points (the previous bottoms) is the nearest support for the index. This zone has performed well as a support for VN30-Index many times before, so the reliability is quite high.

The Stochastic Oscillator is selling again and the MACD has reversed, thereby showing that the risk of the index continuing to correct is still there. However, the index’s cash flow was still abundant as the trading volume remained above the 20 session average.

The source: VietstockUpdater

II. CONTRACT FUTURE OF THE BOND MARKET

Based on a valuation method that is reasonable with the time Starting on January 11, 2022, the reasonable price range of futures contracts being traded on the market is shown below:

The source: VietstockFinance

Note: The opportunity cost in the pricing model is adjusted to suit the Vietnamese market. Specifically, the risk-free bill interest rate (Government bill) will be replaced by the average deposit interest rate of large banks with term adjustment suitable for each type of futures contract.

Investors should not buy these contracts at the moment. Because the contracts are priced quite high compared to the theoretical price.

Economic Analysis & Market Strategy Department, Vietstock Consulting Department

FILI

Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Dólar hoy: cierre del 16 de febrero de 2022 thumbnail

Dólar hoy: cierre del 16 de febrero de 2022

Tipo de cambio El peso se apreció ante un declive del billete verde en medio de un menor nerviosismo en los mercados por la situación en Ucrania. Los inversionistas también recibieron las minutas de la más reciente reunión de la Reserva Federal. El peso mexicano se apreció por tercera jornada consecutiva contra el dólar estadounidense.…
Read More
Avrupa'da enflasyon 1 yılda yüzde 5'ten fazla arttı thumbnail

Avrupa’da enflasyon 1 yılda yüzde 5’ten fazla arttı

Avrupa Birliği İstatistik Ofisi Eurostat’a göre Avrupa bölgesindeki enflasyonun, Aralık ayında yüzde 5'e yükselmesinin ardından bölgedeki yıllık enflasyon oranı yüzde 5'ten fazla artış gösterdi. Avrupa İstatistik Ofisi Eurostat, Avrupa bölgesindeki 27 ülkede Aralık ayına ilişkin enflasyon oranlarını yayınladı. Eurostat, Avrupa bölgesinde Kasım ayında 4.9 olarak kaydedilen enflasyon oranın Aralık ayında yüzde 5'e yükseldiğini açıkladı. Yıllık…
Read More
More Crypto Regulation May Be on its Way in South Korea, Japan thumbnail

More Crypto Regulation May Be on its Way in South Korea, Japan

Source: Adobe/編集部 MOBYA South Korean regulatory chief has renewed calls for stronger crypto sector policing, but an industry association has warned that billions of USD worth of damages could follow if crypto-only exchanges are allowed to go bust.According to Seoul Finance, the new Financial Services Commission (FSC) Chairman Koh Seung-beom announced that he would seek…
Read More
Japan govt to raise long-term rate estimate in FY2024/25 budget -sources thumbnail

Japan govt to raise long-term rate estimate in FY2024/25 budget -sources

© Reuters. FILE PHOTO: Japanese Prime Minister Fumio Kishida addresses a news conference at the prime minister's office in Tokyo, Japan, 13 December 2023. FRANCK ROBICHON/Pool via REUTERS/File Photo By Takaya Yamaguchi TOKYO (Reuters) -Japan's government will raise its long-term interest rate estimate used to compile the state budget to 1.9% for the next fiscal
Read More
Avalanche, Solana, Fantom Price Analysis: 03 January thumbnail

Avalanche, Solana, Fantom Price Analysis: 03 January

While the bulls endeavored to skew the sentiment in their favor, the bears refrained from giving up their edge as the crypto fear and greed index stood below 30 at press time.  However, Avalanche kept its bullish tendencies alive after its near-term SMA stayed above the long-term SMA’s. Besides, Solana was range-bound after flashing low volatility. Contrarily,…
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share