20200522_BSC_Vietnam Daily Review_EN_Corrected at resistance level_TA_KSB_Breakout

Market outlook 
After returning to the resistance level of 860 points, the market immediately corrected at this level. The red color was maintained from the morning session’s start to the afternoon session with selling pressure increased gradually over time. Profit-taking activities after a 2-week rally took place in almost all sectors of the market. Only the Steel sector (HPG, HSG) perform positively. Foreigners were net buyers on the HSX, while being net seller on the HNX. Negative market breadth, decreased liquidity and the amplitude of fluctuation showed that profit-taking sentiment was quite strong in the market. With this trend, VN-Index may fluctuate around 835 - 880 points in the coming period.

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

Covered warrants: In the trading session on May 22, 2020, majority of coverred warrants decreased following underlying securities. Trading value remained positive.

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

Highlights
• VN-Index -9.99 points, closed at 852.74. HNX-Index +1.30 points, closed at 107.04.
• Pulling up the index: HPG (+0.63); + VCF (+0.09); KDC (+0.06); TCH (+0.05); HSG (+0.05).
• Pulling the index down: VHM (-1.53); VIC (-1.35); TCB (-0.85); GAS (-0.55); VNM (-0.40).
• The matched value of VN-Index reached VND 4,515 billion, down -6% compared to the previous session.
• The trading band was 8.57 points, similar to the previous session. The market has 114 gainers, 75 unchange and 114 losers.
• Foreign investors' net buying value: VND 23.75 billion on HOSE, including VNM (VND 43.55 billion), VCB (VND 36.85 billion) and VHM (VND 26.31 billion). Foreigners were net sellers on the HNX with a value of VND -31.75 billion.