20200330_BSC_Vietnam Daily Review_EN_A strong decline session_TA_DBC_Rebound

Market outlook 
The first trading session of the week witnessed a sharp decline of VN-Index from the first minutes. The index lost points due to the pressure of many blue-chips such as VIC, VHM, VCB, BID, GAS. In the afternoon, VN-Index maintained negative movement and could not recover when the correction happened on a large scale. Market breadth was tilted completely to the sell side with 339 losers, of which there were 28 losers in the VN30 group. Futures contracts of all terms plummeted also showed the negative of investor sentiment. However, the deep decline of the market to the threshold of 650 points can also trigger bottom-fishing cash flow like in the previous trading week. BSC maintains our recommendation that investors should wait and maintain a safe portfolio of stocks.

Future contracts: All future contracts decreased following VN30. Liquidity decreased, VN30 might accumulate around 600-615 points in coming sessions.
Covered warrants: In the trading session on March 30, 2020, most coverred warrants decreased following underlying securities.  Trading volume decreased strongly.

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

Highlights
• VN-Index -33.80 points, closed at 662.26. HNX-Index -4.07 points, closed at 93.28.
• Pulling up the index: HPG (+0.13); PME (+0.04); HPX (+0.04); DBC (+0.03); HVG (+0.02).
• Pulling the index down: VIC (-5.16); VHM (-3.87); VCB (-3.29); BID (-2.38); GAS (-1.95).
• The matched value of VN-Index reached VND 2,405 billion, -16% compared to the previous session.
• The fluctuation band is 8.20 points. The market has 47 gainers, 36 reference codes 339 losers.
• Foreign net selling value: VND 155.77 billion on HOSE, including SVC (76.23 billion), MSN (35.14 billion) and VPI (12.53 billion). Foreigners were net sellers on the HNX with a value of VND 8.10 billion.