20200814_BSC_Vietnam Daily Review_EN_Sentiment weakened, VNIndex failed to break the resistance of 860 points level_TA_ DVN_Surpass an old peak

Stock market: The VNIndex increased slightly in the morning session and declined gradually from the beginning of the afternoon session then closed at 850.74 points. The cash flow of investment showed a negative status when 14 of 19 industries declined. Meanwhile, foreign investors had a strong net selling session on both HSX and HNX. The market liquidity did not change much compared to the previous session, the market breadth was negative, showing that the optimistic trading psychology in the previous sessions is weakening. According to our assessment, the fact that foreign investors net sold when the index tested the resistance level of 860 is a concern and it is likely that VN-Index will not be able to break higher in the coming sessions.

Future contracts: All future contracts declined in agreement with the general trend of the index. Investors should prioritize selling with target price around 782 points for short-term contract VN30F2009.

 

Covered warrants: In the trading session on August 14, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased positively.

Technical analysis: DVN_Surpass an old peak

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

 

• VN-Index -4.31 points, closed at 850.74. HNX-Index -0.64 points, closed at 116.23.

• Pulling up the index: SAB (+0.37); VHM (+0.29); VNM (+0.15); MBB (+0.14); MWG (+0.12).

• Pulling the index down: VCB (-1.05); BID (-0.74); VIC (-0.58); HPG (-0.37); MSN (-0.33).

• The matched value of VN-Index reached VND 4,738 billion, +21.08% compared to the previous session.

• Amplitude is 11.94 points. The market has 145 gainers, 63 reference codes and 239 losers.

• Foreign net-selling value: VND -207.65 billion on HOSE, including MSN (VND -34.8 billion), VCB (VND -29.1 billion) and VNM (VND -28.1 billion). Foreigners were net sellers on the HNX with a value of -29.93 billion dong.