20200611_BSC_Vietnam Daily Review_EN_Strong correction_DAH_Uptrend continued

Market outlook 
Stock market: After shortly consolidating around 900 points, VN-Index corrected sharply in this afternoon. This is the most volatile session in the last 3 months with high liquidity. The pressure of taking profit increased strongly in the afternoon with 19/19 market sectors decreased. Foreigners were net buyers on the HSX while net selling on HNX. The market liquidity increased sharply with the previous session, the trading band widened and the market breadth was negative. All these indicators showed that trend of taking profit increased sharply during the session. In addition, the Fed's prediction that the US economy GDP will fall by 6.5% along with the fear of COVID-19’s second wave has made the market in the region plummet. VN-Index may correct to the old support range 835-840 points if domestic money do not flow into the market.

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 811 points for long-term contracts.

Covered warrants:  In the trading session on June 11, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly.

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

Highlights
• VN-Index -32.63 points, closed at 867.37 points. HNX-Index -4.62 points, closed at 116.06 points.
• Pulling up indices: BIC (+0.04; PGI (+0.03); VCF (+0.02); HPX (+0.02); HQC (+0.02).
• Pulling the index down: BID (-3.45); GAS (-2.96); VIC (-2.51); CTG (-1.81); VCB (-1.69).
• The matched value of VN-Index reached VND 8,868 billion , up + 39.1% from the previous session.
• The trading range was 36.33 points, wider than the previous session. The market has 82 gainers, 37 reference codes and 312 losers.
• Foreign net buying value: VND 259.92 billion on HOSE, including VHM (VND 195.9 billion), FUESSVFL (VND 115.4 billion) and VCB (VND 40.5 billion). Foreigners were net sellers on the HNX with a value of VND -11.61 billion.