Daily Review

20200331_BSC_Vietnam Daily Review_EN_The market fluctuated strongly_TA_VTP_Positive Signal

  • Date

    31/03/2020

  • Language

    Tiếng Việt

  • Number of Downloads

    33

Detailed report

Market outlook 
In the morning, VN-Index rebounded strongly thanks to a series of pillars of market which recorded positive recoveries such as VIC, VCB, VHM, GAS, BID. In the afternoon, before the information on the Prime Minister's Directive No. 16, the selling pressure rose and quickly pulled the index below the reference level. Most of the remaining time, VN-Index struggled and ended with only a slight gain of 0.04% when Banking sector saw strong differentiation. With wide fluctuation band and net selling of foreign investors, market risks are still present. Tomorrow, the FTSE index provider will also publish the market ranking periodically; this is expected to have a certain impact on investor sentiment.

Future contracts: Future contracts had a differentiation in status today. Investors should prioritize buying with target price around 630 points for short-term contracts.
Covered warrants: In the trading session on March 31st 2020, underlying securities and covered warrants had differentiated status. Trading volume increased compared to the previous session.

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

Highlights
• VN-Index +0.27 points, closed at 662.53. HNX-Index -0.64 points, closed 92.64.
• Pulling up index: VIC (+1.98); VCB (+1.08); HPG (+0.41); SAB (+0.35); PLX (+0.24).
• Pulling the index down: VPB (-0.81); VHM (-0.74); CTG (-0.52); EIB (-0.34); TPB (-0.27).
• The matched value of VN-Index reached 2,561 billion VND, + 6% compared to the previous session.
• The trading band is 29.54 points. The market has 152 gainers, 65 reference codes 214 losers.
• Foreign net selling value: VND 395.66 billion on HOSE, including MSN (VND 125.85 billion), VIC (VND 72.71 billion) and VNM (VND 35.33 billion). Foreigners were net sellers on the HNX with a value of VND 14.45 billion.

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