20200525_BSC_Vietnam Daily Review_EN_Testing the level of 860_TA_ KBC_Uptrend

Market outlook 
Stock market: After the adjustment at the end of last week, the market had a positive session and returned to the resistance level of 860 points. The market opened with a fluctuating movement around 852 points but started rising from the middle of the morning. Foreign investors continued to be net sellers on both exchanges. Market breadth turned to a positive state, the liquidity was unchanged and the amplitude of fluctuation widened. All these factors show that the excitement was returning to the market. Cash flow in today session spread to Industrial sector (KBC, GVR, PHR) and Textile sector (TCM, TNG). VN-Index is likely to retest the resistance level of 860 points in the coming session. If this threshold is tested successfully, it can create a momentum to help VN-Index reach 880 points.

Future contracts:  All future contracts increased in agreement with the overall trend of the index today. Investors should prioritize selling with target price around 760 points for short and mid-term contracts.

Covered warrants: In the trading session on May 25th 2020, underlying securities and covered warrants had differentiated status. Trading volume increased sharply compared to the previous session.

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

Highlights
• VN-Index +6.30 points, closed at 859.04. HNX-Index +2.11 points, closed at 109.15.
• Pulling up the index: VNM (+1.59); + GVR (+0.69); VIC (+0.68); BID (+0.40); VHM (+0.29).
• Pulling the index down: VJC (-0.14); GAS (-0.11); VPB (-0.10); MSN (-0.07); HNG (-0.05).
• The matched value of VN-Index reached VND 4,639 billion, up + 2.7% from the previous session.
• The amplitude is 11.33 points, wider than previous session. The market saw 201 gainers, 74 reference codes and 106 losers.
• Foreign net-selling value: VND -78.99 billion on HOSE, including HPG (VND 99.19 billion), E1VFVN30 (VND 36.82 billion) and MSN (VND 25.92 billion). Foreigners were net sellers on the HNX with a value of  VND -27.32 billion.