Daily Review

20191101_BSC_Vietnam Daily Review_EN_Vin stock led, the market broke out_TA_VHM_Breakout

  • Date

    01/11/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    25

Detailed report

Market outlook 
Right from the beginning of the morning, VN-Index was trading positively as it quickly rebounded from the reference level under the guidance of a trio of Vin stocks such as VHM, VIC, and VRE. In the afternoon, the index expanded the gaining trend and conquered the threshold of 1,015 points. The market saw a spectacular breakthrough mainly because VHM shares hit the ceiling after it was announced that VHM could buy up to 60 million treasury shares. Agreeing with the increase of VN-Index was the improved liquidity and foreign investors' net buying. Besides, the number of green codes dominating the red codes also showed that cash flow is gradually spreading to stock groups, not just concentrated at some stocks.

Future contracts:
In the trading session on November 01, 2019, majority of coverred warrants increased following underlying securities. Trading volume increased strongly.
Covered warrants: In the trading session on November 01, 2019, majority of coverred warrants increased following underlying securities. Trading volume increased strongly. MSN recovered positively after a period of downward adjustment to 74. Liquidity increased strongly, confirming signal for short-term uptrend according to momentum indicators. Upward movement of MSN could create upward momentum on its warrants in the coming sessions.

Technical analysis: VHM_Breakout
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +16.77 points, closed at 1,015.59. HNX-Index +0.56 points, closed at 105.75.
• Pulling up the index: VHM (+6.44); VIC (+3.49); VRE (+1.32); VNM (+1.24); VCB (+1.19).
• Pulling the index down: NVL (-0.13); SAB (-0.09); TLG (-0.06); CTD (-0.06); FLC (-0.05).
• The matched value of VN-Index reached 4,041 billion dong, + 18.7% compared to the previous session.
• The trading band is 15.96 points. The market has 165 gainers, 69 references and 152 losers.
• Foreign net buying value: VND 253.8 billion on HOSE, including VRE (104.45 billion), VHM (74.11 billion) and VNM (53.89 billion). Foreigners were net buyers on the HNX with a value of 132.3 billion dong.

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