20200520_BSC_Vietnam Daily Review_EN_Towards the threshold of 860 points _TA_VRE_Uptrend

Market outlook 
Inheriting the gain from the previous session, VN-Index continued on toward the resistant level of 860-880 points. Although the market fluctuated in the morning, the gaining momentum was strengthened in the afternoon with the cash flow focusing on VN30 stocks (VNM, VRE, and VNM). Foreigners were net buyers on the HSX and net sellers on the HNX. Market breadth was in equilibrium with the number of stocks bought nearly equal to the number of stocks sold. This phenomenon accompanied by a drop in liquidity after yesterday's boom, showed that the VN-Index may correct when the gaining momentum weakens at the resistance of 860. Market sentiment may become more cautious when investors are tracking the news of the 9th National Assembly sessions which began today.

Future contracts:  All future contracts increased following VN30. Investors might consider buying with target price around 790 points for long-term contracts.

Covered warrants: In the trading session on May 20, 2020, majority of coverred warrants increased, while underlying securities diverged in terms of price. Trading value decreased negatively.

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

Highlights
• VN-Index +6.99 points, closed at 852.91. HNX-Index -1.89 points, closed at 106.94.
• Pulling up the index: VHM (+3.73); VRE (+1.09); VNM (+.70); VCB (+0.64); GVR (+0.57).
• Pulling the index down: GAS (-0.33); VPB (-0.28); TCB (-0.25); VJC (-0.19); LGC (-0.17).
• The matched value of VN-Index reached VND 3,914 billion, down -26.8% compared to the previous session.
• The trading band was 10.7 points, almost unchanged compared to the previous session. The market has 158 gainers, 83 unchange and 140 losers.
• Foreign net buying value: VND 113.28 billion on HOSE, including VHM (VND 95.36 billion), FUEVFVND (VND 78.20 billion) and VNM (VND 52.13 billion). Foreigners were net sellers on the HNX with a value of VND -0.92 billion.