20200504_BSC_Vietnam Daily Review_EN_Cautious sentiment_TA_DRC_Uptrend

Market outlook 
From the beginning of the session, the market showed signs of differentiation among industry sectors. The divergence weakened in alignment with the rising selling positions in the market. The selling pressure increased at the end of the afternoon, so many stocks’ price reversed and decreased. The market liquidity dropped along with the net selling trend of foreign investors. The development of VN-Index was similar to Asian stock markets due to negative impact on investors' sentiment caused by April PMI result. These results indicated a strong declining in global economic output. Investors may consider monitor first quarter business results and 2020 business plan to find investment opportunities in good fundamental stocks mentioned in our recent Sector Outlook report.

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 700 points for short-term contracts.
Covered warrants: In the trading session on May 4, 2020, majority of coverred warrants decreased following underlying securities. Trading value decreased slightly.

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

Highlights
• VN-Index -6.64 points, closed at 762.47. HNX-Index -1.12 points, closed at 105.72.
• Pulling up the index: VHM (+1.24); HDB (+0.25); VRE (+0.23); GAS (+0.22); TCB (+0.20).
• Pulling down the index: SAB (-1.46); VNM (-0.70); VCB (-0.64); GVR (-0.51); MSN (-0.50).
• The matched value of VN-Index reached VND 2,652 billion, -9.1% compared to the previous session.
• The trading band was 8.09 points, wider than the previous session. The market saw 103 gainers, 68 references and 210 losers.
• Foreign net-selling value: VND -87.83 billion on HOSE, including STB (VND 15.5 billion), SSI (VND 14.0 billion) and PVD (VND 13.4 billion). Foreigners were net sellers on the HNX with a value of VND -32.33 billion.