20200326_BSC_Vietnam Daily Review_EN_Nearing the 700 points threshold_TA_BVH_Rebound

Market outlook 
In the first few minutes of the morning, the un-sustained recovery momentum made VN-Index again sinking in red. However, the support from a series of large-cap stocks such as VIC, VHM, VCB, VNM, SAB helped the market rebound and keep moving above the reference level. The segmentation of the market still took place and lead to the index not regain the threshold of 700 points. Although foreign investors maintained net selling, the pressure eased when the value on both exchanges was approximately 47 billion dong. BSC maintained the view that two consecutive gaining sessions partly eased investors' anxiety, but in the context of unpredictable disease movements and the index has not escaped from the short and medium-term discount channel, Investments should keep a reasonable proportion of portfolio allocation strategy.

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 645 points for long-term contracts.
Covered warrants: In the trading session on March 26, 2020, most coverred warrants decreased following underlying securities.  Trading volume increased strongly.

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

Highlights
• VN-Index +3.96 points, closed at 694.21. HNX-Index -2.28 points, closed at 97.81.
• Pulling up the index: VIC (+5.46); VHM (+1.83); VCB (+1.29); VNM (+1.01); SAB (+0.95).
• Pulling the index down: CTG (-0.76); GAS (-0.74); HPG (-0.64); MWG (-0.60); TCB (-0.48).
• The matched value of VN-Index reached 2,692 billion dong, -12% compared to the previous session.
• The trading band is 20.66 points. The market saw 108 gainers, 46 reference codes and 265 losers.
• Foreign net-sold value: VND 43.34 billion on HOSE, including MSN (VND 95.91 billion), VHM (VND 36.84 billion) and VRE (VND 25.28 billion). Foreigners were net sellers on the HNX with a value of 3.26 billion dong.