20200720_BSC_Vietnam Daily Review_EN_ The correcting pressure increased, VNIndex returned to around 860 points _TA_HT1_Positive Signal

Stock market: In the first trading day of the week, VN-Index decreased gradually from the beginning of the morning to the end of the afternoon session, thereby returning to the support level of 860 points. The investment cash flow dropped sharply when 18/19 industries lost points. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. The market liquidity increased slightly compared to the previous session, the market breadth was negative, indicating a safe profit-taking sentiment when the index could not break through the resistance level of 880 points. This decline may partly affect the trading status of traders in the next session, before the demand in the low areas continues to reappear.

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 810 points for short-term contracts.

 

Covered warrants: In the trading session on July 20, 2020, majority coverred warrants decreased following underlying securities. Trading value increased strongly.

 

Technical analysis:  HT1_Positive signal

(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

 

• VN-Index -10.62 points, closed at 861.4. HNX-Index -1.09 points, closed at 115.72.

• Pulling up the index: GTN (+0.08); ITA (+0.06); KBC (+0.05); SCS (+0.04); SZC (+0.03).

• Pulling the index down: VIC (-1.26); VHM (-1.22); BID (-0.91); VCB (-0.64); VNM (-0.55).

• The matched value of VN-Index reached VND 3,831 billion, +2.3% compared to the previous session.

• Amplitude is 10.24 points. The market has 112 gainers, 35 reference codes and 282 losers.

• Foreign net-selling value: VND -238.97 billion on HOSE, including HPG (VND -79.9 billion), VHM (VND -26.9 billion) and DXG (VND -17.2 billion). Foreigners were net sellers on the HNX with a value of -0.92 billion dong.