20200323_BSC_Vietnam Daily Review_EN_Large scale decline_TA_HNG_Testing the lower level

Market outlook 
Right from the first minutes of the morning, VN-Index quickly dropped sharply and lost 700 points. During the trading time, the index mainly moved negatively below the reference level. The downward pressure came from blue-chips such as VIC, VCB, VHM, VNM, BID. Market breadth was tilted completely towards the sellers side with 512 losers on both exchanges, of which 267 fell to the floor. Futures contracts of all terms also plummeted, signaling that investors' sentiment is not very positive in the short and medium term. Today's session also coincided with strong fluctuations of other key stock markets in the region. In the context of ongoing market risks, investors should observe the evolution of the disease, as well as macro-economic indicators at the end of the month to consider a reasonable investment strategy.

Future contracts: All future contracts decreased following VN30. Liquidity remained moderate, VN30 lost the support level 870 points in today’s session.
Covered warrants: In the trading session on March 23, 2020, most coverred warrants decreased following underlying securities.  Trading volume increased strongly.

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

Highlights
• VN-Index -43.14 points, closed at 666.59. HNX-Index -5.33 points, closed at 96.46.
• Pulling up the index: NVL (+0.30); HPX (+0.07); VIS (+0.03); STG (+0.02); NSC (+0.02).
• Pulling the index down: VIC (-5.48); VCB (-4.52); VHM (-4.11); VNM (-3.11); BID (-2.63).
• The matched value of VN-Index reached VND 3,189 billion, + 2% compared to the previous session.
• The trading band is 30.54 points. There were 40 gainers, 21 reference codes and 363 losers.
• Foreign net selling value: 383.33 billion dong on HOSE, including MSN (99.68 billion), HPG (86.54 billion) and VNM (32.07 billion). Foreigners were net sellers on the HNX with a value of VND 14.35 billion.