20200810_BSC_Vietnam Daily Review_EN_Selling pressure increased at 850 points_TA_VEA_Positive Signal

Stock market: VNIndex continued to increase strongly from the beginning of the session, and remained positively throughout the trading time. However, at the 850 point resistance zone, selling pressure increased sharply, which makes the gains narrowed, and VNIndex closed with less than 2 points gain. The cash flow of investment maintained a positive status when 13/19 industries gained, although it decreased slightly compared to the previous session. Meanwhile, foreign investors’ trade was still quite negative as they continued to have a net selling session on both HSX and HNX. The market liquidity increased slightly compared to the previous session, the market breadth was positive, showing that investor sentiment is still fairly optimistic. According to our assessment, the fact that VNIndex had the 6th consecutive gaining session and still not have successfully surpassed the 850 level, the market is likely to appear a few corrections, and may retest the 825 support level in the next sessions.

 

Future contracts: All future contracts increased in agreement with the general trend of the index. Investors should prioritize shorting with target price around 770 points for short-term contracts.

 

Covered warrants: In the trading session on August 10th 2020, most of covered warrants and underlying stocks had a differentiation in status. Trading value decreased compared to the previous session. 

 

Technical analysis: VEA_Positive Signal

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

 

• VN-Index +1.74 points, closed at 843.2. HNX-Index +0.86 points, closed at 113.64.

• Pulling up the index: VIC (+0.68); GVR (+0.66); TCB (+0.25); PLX (+0.21); POW (+0.18).

• Pulling the index down: VCB (-1.05); SAB (-0.74); VNM (-0.5); APH (-0.14); VJC (-0.04).

• The matched value of VN-Index reached VND 4,317 billion, +17.28% compared to the previous session.

• Amplitude is 6.32 points. The market has 274 gainers, 61 reference codes and 117 losers.

• Foreign net-selling value: VND -188.59 billion on HOSE, including VHM (VND -54.3 billion), AGG (VND -42 billion) and VNM (VND -33.8 billion). Foreigners were net sellers on the HNX with a value of -2.35 billion dong.