20200521_BSC_Vietnam Daily Review_EN_Breakthrough 860 points _TA_ PHR _Positive signal

Market outlook 
VN-Index returned to the resistance range of 860-880 points today. The market remained in green throughout the session with a strong rise in the early morning and afternoon session. But the gaining momentum weakened at the end of the afternoon due to strong short-term profit-taking pressure at the session’s end. Foreign investors continued their net selling trend on both HSX and 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 sharp increase in liquidity show that cash flow is focusing mainly on large-cap stocks such as VN30 (VIC, VHM) and Banking sector (TCB, VCB, EIB, HDB). BSC maintains our recommendation to invest in good fundamental stocks with high liquidity when cash flow is focusing on large-cap stocks and VN-Index has entered the resistance area of 860-880 points.

Future contracts:  Except for VN30F2005, all future contracts decreased in contrast with VN30. Investors might consider selling and buying back with target price around 780 points for short-term contracts.

Covered warrants: IIn the trading session on May 21, 2020, majority of underlying securities increased, while coverred warrants diverged in terms of price. Trading value increased strongly.

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

Highlights
• VN-Index +9.82 points, closed at 862.72. HNX-Index -1.20 points, closed at 105.74.
• Pulling up the index: VCB (+1.70); + VIC (+1.35); TCB (+0.95); VHM (+0.86); CTG (+0.69).
• Pulling the index down: VRE (-0.17); PME (-0.07); TPB (-0.04); VCI (-0.04); CII (-0.03).
• The matched value of VN-Index reached VND 4,836 billion, up + 23.6% compared to the previous session.
• The trading band was 8.69 points, narrowing from the previous session. The market saw 149 gainers, 88 unchange and 144 losers.
• Foreign investors' net selling value: VND -66.70 billion on HOSE, including HPG (VND 77.73 billion), DBC (VND 27.94 billion) and VRE (VND 27.30 billion). Foreign investors were net sellers on the HNX with a value of VND -3.33 billion.