20200228_BSC_Vietnam Daily Review_EN_Correction continued_TA_DRH_Maintain the Uptrend

Market outlook 
The market continued to decline as the Sars-Cov-2 outbreak spread to more than 52 countries and all 5 continents. This information has caused the worldwide market including Vietnam to decline sharply. The NIKKEI 225 Index fell 3.67%, SHANG HAI Index fell 3.7, CSI 300 Index fell 3.55%, and the Dow Jones Index fell 4.42%. Today, VN-Index once dropped 25 points but recovered thanks to the bottom buying in some stocks such as PLX, LGC. Sharply increased market liquidity, widened fluctuation margin and negative market breadth, showed that anxiety sentiment was leading the trading activities in the market. Foreign investors continued to be net sellers on all 3 floors when the Sars-Cov-2 situation did not have positive changes. VN-Index has dropped to the bottom of 890 points and may fluctuate within the range 880-900 points in the comings time.

Future contracts: All future contracts decreased following VN30. Investors should prioritize selling and buying back with target price around 825 points for long-term contracts.
Covered warrants: In the trading session on February 28, 2019, majority of coverred warrants decreased following underlying securities. Trading volume decreased.

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

Highlights
• VN-Index -16.25 points, closed at 882.19. HNX-Index +0.32 points, closed at 109.58.
• Pulling up the index: LGC (+0.16); PLX (+0.15); PHR (+0.08); AST (+0.05); YEG (+0.04).
• Pulling the index down: SAB (-2.09); BID (-1.87); GAS (-1.78); VCB (-1.72); VNM (-1.50).
• The matched value of VN-Index reached VND 3,235 billion, + 22.2% compared to the previous session.
• The trading band is 25 points, wider than the previous session. The market saw 81 gainers, 42 references and 294 losers.
• Foreign investors' net selling value: VND 377.32 billion on HOSE, including MSN (VND 48.8 billion), VNM (VND 37.8 billion) and VHM (VND 37.4 billion). Foreigners were net sellers on the HNX with a value of VND 9.53 billion.