20200601_BSC_Vietnam Daily Review_EN_Strong uptrend_ MBB_Breakout

Market outlook 
The market had an exciting session at the week’s start. The gaining momentum lasted in the whole session and increased sharply in the afternoon thanks to the breakout of banking sector (ACB, MBB, CTG, BID). Foreign investors turned to be net buyers on both sessions, which concentrated their buying power in VN Diamond stocks and VNFin Lead stocks. The investment cash flow spread to the whole market when 18/19 sector gained. Market breadth turned positive, market amplitude narrowed and liquidity continued to decline, signaling a positive trading sentiment. With the returning trend of domestic and foreign cash flow, VN-Index is likely to retest the resistance level of 900 points in the coming sessions.

Future contracts:  All future contracts increased following VN30. Investors might consider selling and buying back with target price around 755 points for long-term contracts.


Covered warrants: In the trading session on June 1, 2020, majority of coverred warrants increased following underlying securities. Trading value decreased slightly.


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

Highlights
• VN-Index +14.20 points, closed at 878.67 HNX-Index +4.33 points, closed at 114.14.
• Pulling up the index: VHM (+2.39); BID (+1.55); VCB (+1.38); CTG (+1.06); VPB (+0.84).
• Pulling the index down: TMP (-0.04); SVC (-0.03); VIS (-0.03); PDR (-0.03); SVI (-0.02).
• The matched value of VN-Index reached VND 5,119 billion, up + 22.1% compared to the previous session.
• The trading band is 9.7 points, wider than the previous session. The market saw 286 gainers, 49 unchange and 99 losers.
• Foreign net-buy value: VND 93.98 billion on HOSE, including FUESSVFL (VND 47.4 billion), VNM (VND 36.7 billion) and VHM (VND 24.8 billion). Foreigners were net sellers on the HNX with a value of VND -26.75 billion.