20200722_BSC_Vietnam Daily Review_EN_ Losing points in the afternoon, VN-Index moved to threshold 855_TA_HAH_Breakout session

Stock market: VN-Index mainly struggled in most of the morning trading time with cash flow tending to shift to stocks with small and medium market capitalization. However, in the afternoon, increasing selling pressure pushed the index down but still could not penetrate the support level of 855. The cash flow of investment dropped sharply compared to the previous session when no industry groups gained. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. Market liquidity did not differ much from the previous session, market breadth was negative, indicating that the demand in the current area was not high. If unable to hold the support in the coming sessions, VNIndex will likely return to the area around 840 points.

 

Future contracts: All future contracts decreased following VN30. Investors might consider buying with target price around 800 points for long-term contracts.

Covered warrants:  In the trading session on July 22, 2020, majority coverred warrants decreased following underlying securities. Trading value decreased. 

 

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

 

Highlights 

• VN-Index -6.61 points, closed at 855.08. HNX-Index -0.77 points, closed at 115.32.

• Pulling up the index: VRE (+0.44); NVL (+0.11); GTN (+0.07); DBC (+0.05); PGD (+0.04).

• Pulling the index down: VHM (-1.21); VNM (-0.94); BID (-0.91); CTG (-0.53); GAS (-0.44).

• The matched value of VN-Index reached VND 3,364 billion, -10.98% compared to the previous session.

• Amplitude is 9.03 points. The market has 103 gainers, 57 reference codes and 266 losers.

• Foreign net-selling value: VND -148.35 billion on HOSE, including VNM (VND -40.1 billion), HPG (VND -26.8 billion) and VHM (VND -25.2 billion). Foreigners were net sellers on the HNX with a value of VND -4.16 billion.