20200616_BSC_Vietnam Daily Review_EN_ A reversed session_VHM_Breakout

Market outlook 
Stock market: Contrary to the previous session, the market opened in a quite excited trading mood when the Fed announced the implementation of the Main Street lending program (total value up to 600 billion USD, for businesses with the maximum employees number of 15,000, or maximum revenue of USD 5 billion) has reassured investors worldwide. This uptrend continued throughout the session and got stronger and stronger over time. Domestic cash flow returned to the market, helping all 19/19 sectors gain points. Foreigners remained net buyers on the HSX and net seller on the HNX. The market liquidity decreased sharply compared to the previous session, the fluctuation range widened and the market breadth was positive. All these indicators show that positive trading activities are returning to the market. Investors can open short-term position or increasing portfolio proportion of good fundamental stocks that corrected in the previous session.

Future contracts: All future contracts increased following VN30. Investors might consider selling and buying back with target price around 770 points for short-term contracts.

Covered warrants: In the trading session on June 16, 2020, majority of coverred warrants increased following underlying securities. Trading value decreased strongly.

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

Highlights
• VN-Index +23.66 points, closed at 856.13 points. HNX-Index +1.67 points, closed 115.49 points.
• Pulling up the index: VHM (+4.69); VIC (+4.25); VNM (+2.49); EIB (+1.80); VRE (+1.17).
• Pulling the index down: VJC (-0.20); EIB (-0.11); ITA (-0.09); STB (-0.08); HBC (-0.04).
• The matched value of VN-Index reached VND 4,230 billion, down -33.6% compared to the previous session.
• The trading band was 14.03 points, wider than the previous session. There were 253 gainers, 55 unchange and 73 losers.
• Foreign investors' net buying value: VND 55.99 billion  on HOSE, including VHM (VND 42.6 billion), HPG (VND 23.9 billion) and SSI (VND 16.5 billion). Foreigners were net sellers on the HNX with a value of VND -5.9 billion.