20200713_BSC_Vietnam Daily Review_EN_ Fluctuating around 870 level_TA_GVR_Double bottom pattern

Market outlook 
Stock market: The market opened with green covering stocks. But the gaining momentum weakened over time and reversed in the middle of the afternoon session. Investment cash flow increased slightly when there were 8/19 sector groups gaining points during the session. Meanwhile, foreign investors continued to be net sellers on both HSN and HNX. The market liquidity continued to decline slightly, the market breadth was negative and the amplitude was unchanged. All these indicators showed that prudent trading sentiment was still leading the trading activities. BSC estimates that the VN-Index will continue to consolidate in the area of 860-880 points before forming a new trend.

Future contracts: All future contracts decreased in agreement with the general trend of the index. Investors should prioritize selling with target price around 795 points for short-term contracts.

Covered warrants: In the trading session on July 13th 2020, underlying securities and covered warrants were mostly in red. Trading value decreased sharply compared to the previous session.

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

Highlights
• VN-Index -2.49 points, closed at 868.72 points. HNX-Index -0.01 points, closed 115.65 points.
• Pulling up the index: GAS (+0.33); VCB (+0.21); FPT (+0.19); CTG (+0.16); REE (+0.08).
• Pulling the index down: SAB (-1.1); VRE (-0.37); VHM (-0.29); VNM (-0.25); BID (-0.22).
• The matched value of VN-Index reached VND 3,490 billion, down -8.2% compared to the previous session.
• The trading band was 9.84 points, unchanged from the previous session. The market saw 149 gainers, 54 reference codes and 230 losers.
• Foreign investors' net selling value: VND -64.3 billion on HOSE, including VRE (VND -25.6 billion), VNM (VND -23.4 billion) and SSI (VND -18.9 billion). Foreigners were net sellers on the HNX with a value of VND -0.04 billion.