20200617_BSC_Vietnam Daily Review_EN_Slight correction_TA_MSH_Rebound

Market outlook 
Stock market: After two volatile sessions, the market is showing signs of stabilizing. VN-Index fluctuated with a low band around 855 points in the whole session. The market cash flow weakened when only 7/19 sectors gained. However, foreign investors continued their trend of net buying on HSX and net selling on HNX. This has limited the decline of the VN-Index. Market liquidity declined, the amplitude of fluctuations narrowed and the market breadth was negative. All these indicators hinted a cautious trading sentiment. The reason for this phenomenon is that many investors predict strong fluctuation of the VN-Index in the last two sessions of the week when Future contract VN302006 expires on Thursday and the ETF finishes restructuring its portfolio on Friday

Future contracts: All future contracts increased in contrast with VN30. Investors might consider buying with target price around 790 points for short-term contracts.

Covered warrants: In the trading session on June 17, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased positively.


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

Highlights
• VN-Index -1.69 points, closed at 854.44 points. HNX-Index -2.22 points, closed at 113.27 points.
• Pulling up the index: VHM (+1.05); PLX (+0.54); VCB (+0.53); VRE (+0.50); VJC (+0.33).
• Pulling the index down: VIC (-1.45); VNM (-0.70); BID (-0.46); GVR (-0.40); TCB (-0.30).
• The matched value of VN-Index reached VND 3,612 billion, down -14.6% compared to the previous session.
• The trading band is 8.07 points, narrowing from the previous session. The market saw 147 gainers, 70 unchange and 220 losers.
• Foreign investors' net buying value: VND 98.78 billion on HOSE, including PLX (VND 54.0 billion), VHM (VND 50.6 billion) and VRE (VND 36.5 billion). Foreigners were net sellers on the HNX with a value of VND -0.38 billion.