20200507_BSC_Vietnam Daily Review_EN_Uptrend continued_TA_MPC_Excitement

Market outlook 
Continuing the rising trend of previous session, the market is moving to retest the mid-term resistance level of 800 points. This uptrend increase gradually in the afternoon session with 26/30 stocks of VN30 group performed positively. Liquidity increased slightly compared to the previous session along with positive market breadth indicated an excited sentiment in the market. Foreign investors remained net sellers but their selling volume decreased significantly compared to the previous period. The rally was in alignment with the positive progress of the anti-COVID 19 movement when the Prime Minister agreed to reopen consumer discretionary services after 21 days of no new cases. This positive event is sure to help the market overcome the resistance level at 800 in the last session of the week.

Future contracts: All future contracts increased following VN30. Investors might consider buying back with target price around 735 points for short-term contracts.
Covered warrants: In the trading session on May 7, 2020, majority of coverred warrants increased following underlying securities. Trading value continued to increase strongly.

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

Highlights
• VN-Index +13.95 points, closed at 782.59. HNX-Index +1.65 points, closed at 106.66.
• Pulling up the index: VCB (+2.22); SAB (+2.01); BID (+2.78); HPG (+1.10); VIC (+0.96).
• Pulling the index down: VRE (-0.13); HNG (-0.06); HDB (-0.03); SII (-0.03); HSG (-0.02z).
• The matched value of VN-Index reached 3,438 tỷ đồng, +4.7%compared to the previous session.
• The trading band was 11.46 points, narrowing from the previous session. The market saw 184  gainers, 80  unchange and 117  losers.
• Foreign net selling value: VND -120.34 billion on HOSE, including SVC  (27.97 billion), VIC  (22.6 billion) and VRE  (20.5 billion). Foreigners were net sellers on the HNX with a value of -6.79 billion.