20200612_BSC_Vietnam Daily Review_EN_Bottom fishing_STB_Uptrend

Market outlook 
Stock market: VN-Index opened with panic selling sentiment and had dropped deeply to 841.44 points. However, thanks to the bottom-fishing cash flow, the correction trend weakened. This trend lasted until the end of the session and made VN-Index only dropped by 3.85 points. Foreigners were net seller on both the HSX and the HNX. The liquidity in the market decreased sharply compared to the previous session, the trading band narrowed and the market breadth was negative. All these indicators showed that the downtrend was weakening. With the domestic money  supporting the market, VN-Index is likely to fluctuate within the area of 860-900 in the coming period.

Future contracts: Future contracts mostly gained in agreement with the general trend of the index, only VN30F2009 kept the reference price. Investors should prioritize buying with target price around 835 points for short-term contracts.

Covered warrants: In the trading session on June 12th 2020, underlying securities and covered warrants had differentiated in status. Trading volume increased dramatically compared to the previous session.

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

Highlights
• VN-Index -3.85 points, closed at 863.52 points. HNX-Index +0.85 points, closed at 116.91 points.
• Pull up the index: BID (+1.03); GAS (+0.93); STB (+0.40); HPG (+0.39); FPT (+0.18).
• Pulling the index down: VCB (-2.65); VNM (-2.44); VIC (-1.44); SAB (-1.16); GVR (-0.79).
• The matched value of VN-Index reached VND 6,907 billion, down -22.1% compared to the previous session.
• The trading band was 18.69 points, narrowing from the previous session. The market has 125 gainers, 45 unchange and 257 losers.
• Foreign investors' net selling value: VND -255.75 billion on HOSE, including VNM (VND -127.4 billion), PDR ( VND -94.1 billion) and TDH (VND -76.58 billion). Foreigners were net sellers on the HNX with a value of VND -13.31 billion.