20200428_BSC_Vietnam Daily Review_EN_Struggling around the reference level_TA_VEA_Positive signal

Market outlook 
The correcting pressure made VN-Index trading less positive right from the morning. Large-cap stocks such as VCB, VNM, GAS, SAB, and VRE were the main factors contributing to the correction of the index. In the afternoon, VN-Index moved and shook around reference level when some codes reversed and gained. However, the index still ended in the red as SAB, VNM, and GAS were under strong selling pressure. The market saw the second dropping session in a row with a slight decrease in liquidity, showing that investors are returning to a cautious state, in the absence of supportive information. Market risks persist as world oil prices continue to plummet and Q1 earnings of many companies are affected by Covid-19. BSC maintains the view that investors should only observe more fluctuations in the world stock market as well as macro information about to be announced at the end of the month.

Future contracts: All future contracts increased in contrast with VN30. Investors might consider buying with target price around 700 points for long-term contracts.
Covered warrants: In the trading session on April 28, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value decreased slightly.

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

Highlights
• VN-Index -3.56 points, closed at 767.21. HNX-Index -0.04 points, closed at 106.26.
• Pulling up the index: MSN (+ 2.05%); POW (+ 4.04%); CTG (+ 1.06%); VCB (+ 0.30%); GVR (+ 1.41%).
• Pulling the index down: SAB (-5.56%); VNM (-2.24%); GAS (-2.18%); VRE (-3.19%); HPG (-2.51%).
• The matched value of VN-Index reached 3,158 billion dong, -16% compared to the previous session.
• The trading band is 10.15 points. The market saw 152 gainers, 65 references and 185 losers.
• Foreign net selling value: 396.66 billion dong on HOSE, including VCB (72.68 billion), VRE (59.13 billion) and VNM (55.33 billion). Foreigners were net sellers on the HNX with a value of 12.62 billion dong.