20200727_BSC_Vietnam Daily Review_EN_Deep correction trend continued_TA_GIL_Rising

Stock market: The strong correcting trend continued when there were 2 more COVID-19 positive cases for the weekend. Investment cash flow dropped as there was no gaining sectors. Meanwhile, foreign investors were net buyers on both HSX and HNX. Market liquidity decreased slightly compared to the previous session, the market breadth was negative and the market amplitude was widening, showing a sense of sell-off in the market. With such a strong downtrend, VN-Index has returned to the short-term support area of 780 points. If the correction trend continues, VN-Index is likely to drop to 750 level in the coming sessions.

 

Future contracts: All future contracts decreased following VN30. In the afternoon session, VN30 struggled around 730 points. Liquidity increased strongly, VN30 might continue to decrease to 760 points in coming sessions.

Covered warrants: In the trading session on July 27, 2020, most of coverred warrants decreased following underlying securities. Trading value decreased strongly. 

 

Technical analysis: GIL_Rising

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

 

Highlights 

• VN-Index -43.99 points, closed at 785.17 points. HNX-Index -6.48 points, closed at 102.85 points.

• Pulling up the index: DAT (+0.04); NBB (+0.03); STG (+0.03); TBC (+0.02); SGR (+0.02).

• Pulling the index down: VHM (-4.87); VCB (-4.23); VNM (-3.82); BID (-3.04); VIC (-2.89).

• The matched value of VN-Index reached VND 5,992 billion, down -12% compared to the previous session.

• The trading band was 28.1 points, wider than the previous session. The market saw 33 gainers, 20 unchange and 377 losers.

• Foreign investors' net buying value: VND 294.64 billion on HOSE, including VCB (VND +38.0 billion), VHM (VND +30.6 billion) and VRE (VND +25.9 billion). Foreigners were net buyers on HNX with value of VND 3.44 billion.