20200710_BSC_Vietnam Daily Review_EN_Correction session, VNIndex maintained the level of 870 points_TA_ KBC _Rebound

Market outlook 
Stock market: In the morning of the last trading day of the week, VN-Index mainly struggled around the reference level. However, correcting pressure appeared in the early afternoon so the index dropped suddenly, but at the end of ATC session, the level of 870 points was still maintained. The cash flow of investment dropped sharply when only 5/19 industries gained. Meanwhile, foreign investors continued to be net seller on the HSX but net bought on the HNX. Market liquidity did not differ much from the previous session, market breadth in the negative status still showed cautious trading sentiment. However, the current short-term uptrend is still maintained and the market's trend in the near future will depend heavily on the second quarter business results of enterprises.

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 820 points for short-term contracts.

Covered warrants: In the trading session on July 10, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly.

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

Highlights
• VN-Index -5.25 points, closed at 871.21. HNX-Index -0.5 points, closed at 115.66.
• Pulling up the index: VIC (+0.39); LGC (+0.2); SAB (+0.19); GEX (+0.13); GVR (+0.06).
• Pulling the index down: VHM (-1.3); VCB (-0.95); TCB (-0.49); GAS (-0.49); VRE (-0.32).
• The matched value of VN-Index reached VND 3,801 billion, -8.21% compared to the previous session.
• Amplitude is 10.94 points. The market has 131 gainers, 45 reference codes and 258 losers.
• Foreign net-selling value: VND -162.39 billion on HOSE, including HPG (VND -51.5 billion), VCB (VND -41.4 billion) and SSI (VND -33.7 billion). Foreigners were net buyers on the HNX with a value of VND 3.44 billion.