20200514_BSC_Vietnam Daily Review_EN_Consolidating market_TA_GEX_Strong uptrend

Market outlook 
The development of VN-Index was the same as the previous trading session, the correction dropped sharply at the beginning and ended the trading session with only a slight decrease. Foreign investors remained net buyers due to a large proportion of MSN, with a trading volume of 39 million shares of MSN, equivalent to VND 2,482 billion. The liquidity in the market decreased sharply compared to the previous session, the trading band widened and the market breadth became negative. All these indicators signaled that short-term profit-taking sentiment is leading the trading activities in the market. With this trend, BSC maintains the view that VN-Index will shortly consolidate in the range of 800-850 in the coming period.

Future contracts: Except for VN30F2009, all future contracts decreased following VN30. Investors might consider buying with target price around 780 points for short-term contracts.

Covered warrants: In the trading session on May 14, 2020, majority of coverred warrants decreased following underlying securities. Trading value decreased strongly.

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

Highlights
• VN-Index -1.81 points, closed at 832.4. HNX-Index -0.52 points, closed at 111.34.
• Pulling up index: VIC (+0.96); MSN (+0.67); VCB (+0.42); GEX (+0.15); BID (+0.11).
• Pulling the index down: VHM (-0.76); GAS (-0.49); VNM (-0.35); GVR (-0.34); CTG (-0.32).
• The matched value of VN-Index reached VND 4,507 billion, down -22.5% compared to the previous session.
• The trading band was 10.02 points, narrowing from the previous session. The market saw 142 gainers, 67 unchanged and 172 losers.
 Foreign buying value: VND 2,451.65 billion on HOSE, including MSN (VND 2,473 billion), VNM (VND 80.85 billion) and VCB (VND 51.75 billion). Foreigners were net sellers on the HNX with a value of VND -11.94 billion.