20200311_BSC_Vietnam Daily Review_EN_The market declined_TA_ SHB_Excited Again

Market outlook 
The recovery of the US stock market and oil prices before trading partly helped VN-Index regaining the green right from the beginning of the morning. However, the selling pressure at some key market stocks such as VCB, VHM, BID, VIC and GAS quickly pulled VN-Index back below the reference level. In the afternoon, the index dropped further and sometimes dropped below 800 points. Market breadth was on the sellers side with 296 losers; in VN30 group, there were 4 stocks going to the floor. As the SARS-CoV-2 epidemic spreads across the globe, developed countries have begun taking supportive measures: the US has proposed a package of payroll tax cuts, the Bank of England today also urgently lowered interest rate by 0.5%.

Future contracts: All future contracts decreased following VN30. The nearest support of VN30 is around 830-840 points.
Covered warrants: In the trading session on March 10, 2020, coverred warrants diverged in terms of price, while majority of underlying securities increased.  Trading volume remained at high level.

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

Highlights

• VN-Index -26.15 points, closed at 811.35. HNX-Index -0.68 points, closed 105.52.

• Pulling up the index: VND (+0.06); QCG (+0.04); VCF (+0.04); SHP (+0.04); BSI (+0.02).

• Pulling the index down: BID (-3.32); VCB (-3.12); GAS (-2.52); CTG (-1.38); TCB (-1.37).

• The matched value of VN-Index reached 4,106 billion dong, +12% compared to the previous session.

• Amplitude fluctuation is 50.4 points. The market has 77 gainers, 41 reference codes and 296 losers.