20200817_BSC_Vietnam Daily Review_EN_VNIndex decreased slightly, but many positive signs appeared_TA_VTP_Positive indications

Stock market: VNIndex decreased in the morning session, hit 841 points level, but the demand recovered in the afternoon session pulled the index up and closed at 850.15 points. The cash flow of investment diverged and decreased compared to last week's session, although 10 out of 19 sectors increased, the sharp decline in sectors such as Retail, Tourism & Entertainment, Automotive and Parts pulled the VNIndex down. Meanwhile, foreign investors continued to have a net selling session on both HSX and HNX; however, net selling value is decreasing gradually. The market liquidity did not change much compared to the previous session, the market breadth was negative, showing that the market is quite cautious. According to our assessment, as foreign investors are decreasing net selling value and many positive technical signs appeared, VNIndex is more likely to recover in the next few sessions and possibly approach 860 points.

 

Future contracts: Most of the futures contracts declined in agreement with the general trend of the index, except VN30F2012 futures contracts closed up slightly. Investors should prioritize selling with target price around 782 points for short-term contract.

Covered warrants: In the trading session on August 17, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value decreased strongly. 

 

Technical analysis: VTP_Positive indications

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

 

• VN-Index -0.59 points, closed at 850.15. HNX-Index +0.98 points, closed at 117.21.

• Pulling up the index: VCB (+0.32); TCB (+0.30); VIC (+0.29); HPG (+0.16); VNM (+0.15).

• Pulling the index down: BID (-0.34); VRE (-0.23); SAB (-0.22); HVN (-0.20); FPT (-0.18).

• The matched value of VN-Index reached VND 3,386 billion, -28.54% compared to the previous session.

• Amplitude is 10.43 points. The market has 157 gainers, 57 reference codes and 229 losers.

• Foreign net-selling value: VND -83.51 billion on HOSE, including VHM (VND -33.8 billion), MSN (VND -16.5 billion) and VTP (VND -11.2 billion). Foreigners were net sellers on the HNX with a value of -29.93 billion dong.