20200811_BSC_Vietnam Daily Review_EN_VNIndex struggled around the reference_TA_ACB_Uptrend

Stock market: VNIndex continued to increase from the opening of the session, but then, it turned to go down, and fluctuated until the rest of today's session. Investment cash flow clearly showed the weakness compared to the previous session, when only 9 out of 19 sectors gained. Meanwhile, foreign investors continued to have a net selling session on HSX, but net buy slightly on HNX. Market liquidity declined compared to the previous session, the market breadth was relatively negative, showing that investor sentiment is becoming more cautious. According to our assessment, the fact that investor sentiment are quite hesitant at 840-850 points, and low liquidity, it is likely that VNIndex will correct slightly or accumulate in the coming sessions, until getting further news of the Covid-19 epidemic.

 

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 725 points for short-term contracts.

 

Covered warrants: In the trading session on August 4, 2020, most of coverred warrants increased following underlying securities. Trading value increased. 

 

Technical analysis: ACB_Uptrend

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

 

• VN-Index -0.12 points, closed at 843.08. HNX-Index +2.66 points, closed at 116.3.

• Pulling up the index: BID (+0.46); CTG (+0.43); VCB (+0.21); PLX (+0.17); DAT (+0.08).

• Pulling the index down: VIC (-0.67); GAS (-0.27); SAB (-0.25); VRE (-0.22); VHM (-0.19).

• The matched value of VN-Index reached VND 3,598 billion, -16.66% compared to the previous session.

• Amplitude is 7.26 points. The market has 154 gainers, 65 reference codes and 222 losers.

• Foreign net-selling value: VND -121.4 billion on HOSE, including VHM (VND -29.6 billion), HPG (VND -18.9 billion) and VRE (VND -13.7 billion). Foreigners were net buyers on the HNX with a value of 3.75 billion dong.