20200602_BSC_Vietnam Daily Review_EN_Slight correction_PVS_Positive signal

Market outlook 
Stock market: Market fluctuated in the morning and started correcting in the afternoon. Foreigners turned to be net buyers on the HSX while remained to be net seller on HNX. The investment cash flow started to weaken when only 6/19 sectors gained. Market breadth turned to negative status, market amplitude was unchanged and liquidity increased strongly. All these indicators show that short-term profit-taking sentiment is returning to the market when VN-Index reached the resistance level of 880 points. The index is testing this level and might struggle at this level in the coming sessions.

Future contracts:  Except for VN30F2012, all future contracts increased following VN30. Investors might consider selling and buying back with target price around 775 points for short-term contracts.

Covered warrants: In the trading session on June 2, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly.


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

Highlights
• VN-Index -3.87 points, closed at 874.80. HNX-Index -0.50 points, closed at 113.64.
• Pulling up the index: SAB (+0.97); GAS (+0.60); HDB (+0.48); MSN (+0.27); VJC (+0.22).
• Pulling the index down: VNM (-1.24); BID (-1.04); VIC (-0.48); HPG (-0.47); GVR (-0.34).
• The matched value of VN-Index reached VND 6,041 billion, up + 18.0% compared to the previous session.
• The trading range is 8.2 points, almost unchanged compared to the previous session. The market has 129 gainers, 52 unchagne and 249 losers.
• Foreign investors' net buying value: VND 32.36 billion on HOSE, including VHM (VND 57.6 billion), VCB (VND 35.9 billion) and VNM (VND 33.7 billion). Foreigners were net sellers on the HNX with a value of VND -12.45 billion.