20200625_BSC_Vietnam Daily Review_EN_Cautious sentiment_TA_VGR_Uptrend mainatined

Market outlook 
Stock market: The correction momentum continued in today session. The market maintained the red color throughout the session with the correction momentum narrowing in the afternoon. Investment cash flow weakened when only Raw material (HSG, HPG) and Financial Services (VND, SSI) sectors gained. Meanwhile, foreign investors were net sellers on both HSX and HNX. Decreased liquidity, narrowed amplitude and negative market breadth signaled cautious sentiment at the sign of the second wave of COVID-19 rising in the United States, Germany and Australia. BSC recommends that investors limit transactions and monitor macro information on the development and effects of the COVID-19 disease.

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 780 points for long-term contracts.

Covered warrants: In the trading session on June 25, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased positively.

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

Highlights
• VN-Index -5.12 points, closed at 854.59 points. HNX-Index +0.37 points, closed at 114.07 points.
• Pulling up the index: NVL (+0.33); HPG (+0.24); STB (+0.13); ITA (+0.09); HSG (+0.08).
• Pulling the index down: VIC (-1.25); VCB (-1.06); VNM (-0.35); BID (-0.34); TCB (-0.30).
• The matched value of VN-Index reached VND 3,887 billion, down -6.9% compared to the previous session.
• The trading band is 6.58 points, narrowing from the previous session. The market has 129 gainers, 51 unchange and 243 losers.
• Foreign investors' net selling value: VND -54.13 billion on HOSE, including HPG (VND -58.9 billion), VRE (VND  -20.4 billion) and MSN (VND -18.5 billion). Foreigners were net sellers on the HNX with a value of VND -6.39 billion.