20200707_BSC_Vietnam Daily Review_EN_ VNIndex met resistance at 870 points_TA_HDG_Positive Signal

Market outlook 
Stock market: The positive status of the market is being maintained when VNIndex continued to open in the green and gradually widened the increase in the morning. However, short-term profit taking at the threshold of 870 points in the afternoon session appeared and made the index closed not too far from the reference level. The cash flow of investment decreased compared to the previous session when only 11 out of 19 industries gained. Meanwhile, foreign investors continued to be net buyers on the HSX but still net sold on the HNX. Market liquidity continued to improve, the market breadth was in equilibrium, showing that the current gaining momentum needs more motivation to be sustainable. The VN-Index is likely to fluctuate in the area of 850-870 points before having a clearer trend.

Future contracts: Except for VN30F2012, all future contracts increased in contrast with 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 July 7, 2020, majority of coverred warrants increased while underlying securities diverged in terms of price. Trading value increased strongly.

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

Highlights
• VN-Index +2.26 points, closed at 863.42. HNX-Index +0.64 points, closed at 113.71.
• Pulling up the index: SAB (+0.86); HPG (+0.6); BID (+0.58); VCB (+0.53); CTG (+0.43).
• Pulling the index down: VIC (-0.38); GVR (-0.28); VNM (-0.25); VPB (-0.21); MSN (-0.2).
• The matched value of VN-Index reached VND 4,557 billion, +36.64% compared to the previous session.
• Amplitude is 7.21 points. The market has 185 gainers, 60 reference codes and 192 losers.
• Foreign net-buying value: VND 61.26 billion on HOSE, including PLX (VND 89.5 billion), VRE (VND 37.6 billion) and HPG (VND 18 billion). Foreigners were net sellers on the HNX with a value of -4.23 billion dong.