20200728_BSC_Vietnam Daily Review_EN_Spectacular reversing session_TA_SZC_Positive

Stock market: The fact that Vietnam did not have any new cases today has reinforced investors' sentiment after two sell-off sessions in the market. The cash flow invested strongly into the market when there were 18/19 industry sectors gaining points during the session. In addition, foreign investors maintained net buying activities on both HSX and HNX, contributing to upward momentum of the session. Market liquidity decreased compared to the previous session, positive market breadth and market amplitude showed that the exciting trading trend was returning to the market. After two strongly reacted sessions with the new COVID-19 case, the market is returning to the support area of 800-810 points as the negative information effect gradually decreases. The next development of COVID-19 epidemic will determine the VN-Index trend. If there is no new case, the market can return to 830-840 points. If there are more new cases, the market will likely to correct to 780 points.

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 715 points for short-term contracts.

 

Covered warrants: In the trading session on July 28, 2020, most of coverred warrants increased following underlying securities. Trading value decreased strongly. 

 

Technical analysis: SZC_Positive

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

• VN-Index + 28.19 points, closed at 813.36 points. HNX-Index +5.13 points, closed at 107.98 points.

• Pulling up the index: VHM (+4.60); VNM (+3.23); BID (+2.64); GAS (+2.07); VCB (+1.59).

• Pulling the index down: VJC (-0.22); PGD (-0.05); SGR (-0.02); DTL (-0.01); SC5 (-0.01).

• The matched value of VN-Index reached VND 4,518 billion, down -24.6% compared to the previous session.

• The trading band was 27.73 points, almost unchanged compared to the previous session. The market has 360 gainers, 27 unchange and 49 losers.

• Foreign investors' net buying value: VND 216.55 billion on HOSE, including VHM (VND +46.9 billion), HPG (VND +24.2 billion) and VNM (VND +20.3 billion). Foreigners were net buyers on the HNX with a value of VND +3.88 billion.