20200325_BSC_Vietnam Daily Review_EN_Impressive increase_TA_PNJ_Rebound signal

Market outlook 
The prosperous US stock market had a positive impact on VN-Index right from the beginning of the morning. Blue-chips such as VCB, VNM, BID, GAS, and CTG recovered well and returned to support the market. The index continued gaining in the afternoon. Market breadth also completely tilted toward buyers with 300 gainers, among VN30, BVH, GAS, PLX, and PNJ hit the ceiling at the end of the session. This is also in agreement with other key stock markets in the region. Investor sentiment was mostly bolstered by the news that the Trump administration and the US Congress reached an agreement on a giant USD 2 trillion stimulus package to support the economy in response to the corona virus. In BSC's view, the market still needs a few more session of testing upper bound resistance levels before confirming the positive trend.

Future contracts: All future contracts increased following VN30. Investors might consider buying with target price around 655 points for long-term contracts.
Covered warrants: In the trading session on March 25, 2020, most coverred warrants increased following underlying securities.  Trading volume decreased strongly.

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

Highlights
• VN-Index +31.04 points, closed at 690.25. HNX-Index +3.14 points, closed at 100.09.
• Pulling up the index: VIC (+4.95); VCB (+4.34); VHM (+3.65); VNM (+3.00); GAS (+2.18).
• Pulling the index down: BHN (-0.17); SBT (-0.13); HNG (-0.06); QCG (-0.04); PGD (-0.04).
• The matched value of VN-Index reached VND 3,069 billion, + 1% compared to the previous session.
• The trading band is 22.67 points. The market has 301 gainers, 39 codes reference and 84 losers.
• Foreign net selling value: 337.47 billion dong on HOSE, including MSN (94.26 billion), SVC (61.03 billion) and VRE (37.42 billion). Foreigners were net sellers on the HNX with a value of 21.99 billion dong.