20200709_BSC_Vietnam Daily Review_EN_Positive gaining, Vnindex surpassed resistance 875_TA_Breakout session

Market outlook 
Stock market: At the beginning of the session, the break out of midcap and penny stocks pushed VNIndex back to the area around 870. The positive continued throughout the session, helping the index gained and closed and officially surpassed the resistant level at 875 points. The cash flow of investment increased sharply when 18/19 industries gained. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. The market liquidity has improved compared to the previous session but has not surpassed the average of 20 sessions, the market breadth in a positive status showed that the optimism has partly returned. However, profit-taking pressure in the area of 880-890 points may appear if the increasing motivation is not sustained.

Future contracts: All future contracts increased following VN30. Investors might consider selling and buying back with target price around 790 points for short-term contracts.

Covered warrants: In the trading session on July 9, 2020, majority of coverred warrants increased following underlying securities. Trading value decreased slightly.

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

Highlights
• VN-Index +11.96 points, closed at 876.46. HNX-Index +1.79 points, closed at 116.16.
• Pulling up the index: SAB (+2.31); GAS (+1.28); BID (+1.22); TCB (+0.88); VPB (+0.68).
• Pulling the index down: HPX (-0.1); HNG (-0.03); SGN (-0.02); SCS (-0.02); CTD (-0.01).
• The matched value of VN-Index reached VND 4,141 billion, +36.26% compared to the previous session.
• Amplitude is 10.91 points. The market has 288 gainers, 51 reference codes and 92 losers.
• Foreign net-selling value: VND -160.79 billion on HOSE, including HDG (VND -41.3 billion), HPG (VND -28.6 billion) and VCB (VND -25.2 billion). Foreigners were net sellers on the HNX with a value of VND -2.04 billion.