20200615_BSC_Vietnam Daily Review_EN_ Dow Jones future dropped deeply, VN-Index corrected sharply _NVL_Uptrend

Market outlook 
Stock market: VN-Index opened with a correction trend but recovered in the morning. However, in the afternoon session, right after the Dow Jones fell by nearly 900 points, VN-Index also started correcting with the final result as 17/19 sector decreased. Foreigners were net buyers on the HSX and net sellers on the HNX. Foreigners were strong net buyers thanks to put-through transactions of 200 million VHM shares, equivalent to VND 15,073 billion. Market liquidity decreased slightly compared to the previous session, the amplitude of fluctuations widened and the market breadth was negative. All these indicators showed that the fear sentiment was leading the trading activities. This sudden correction may cause the market to enter a fluctuation range of 800-845 points in the coming sessions.

Future contracts: Future contracts mostly dropped in agreement with the general trend of the index. Investors should prioritize buying with target price around 830 points for short-term contracts.

Covered warrants: In the trading session on June 15th 2020, underlying securities and covered warrants were mostly in red. Trading volume increased compared to the previous session.

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

Highlights
• VN-Index -31.05 points, closed at 832.47 points. HNX-Index -3.09 points, closed at 113.82 points.
• Pulling up the index: GVR (+0.29); STB (+0.14); HDB (+0.11); EIB (+0.11); NVL (+0.08).
• Pulling the index down: VHM (-4.79); VCB (-3.82); BID (-3.0); VNM (-2.99); VIC (-2.71).
• The matched value of VN-Index reached VND 6,369 billion, down -7.8% compared to the previous session.
• The trading band was 35.69 points, wider than the previous session. The market has 96 gainers, 45 unchange and 291 losers.
• Foreign investors' net buying value: VND 14,856 billion on HOSE, including VHM (VND 15,073 billion), CTG (VND 47.65 billion) and POW (VND 23.14 billion). Foreigners were net sellers on the HNX with a value of VND -4.98 billion.