20200818_BSC_Vietnam Daily Review_EN_Corrected session_TA_ MBB_An upward trend

Stock market: The VNIndex is still in a slight correction when the index mainly stays below the reference level during the trading time. Investment cash flow declined when only 7 out of 19 sectors gained. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. The market liquidity decreased compared to the previous session, the market breadth was in equilibrium, reflecting the stable trading sentiment of investors. In our opinion, the short-term downtrend is likely to continue in the next session but the VNIndex is likely not to lose points deeply and potential demand will reappear when the index moves to 835-840 area.

 

Future contracts: All future contracts decreased in agreement with the general trend of the index. Investors should prioritize selling with target price around 775 points for long-term contracts.

 

Covered warrants: In the trading session on August 18th 2020, covered warrants had a differentiation in status while underlying stocks were mainly in red. Trading value decreased sharply compared to the previous session.

 

Technical analysis: MBB_An upward trend

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

 

• VN-Index -3.72 points, closed at 846.43. HNX-Index -0.19 points, closed at 117.02.

• Pulling up the index: GVR (+0.12); VGC (+0.08); APH (+0.08); GMD (+0.14); GEX (+0.07).

• Pulling the index down: VIC (-1.15); VNM (-0.69); SAB (-0.58); BID (-0.35); CTG (-0.32).

• The matched value of VN-Index reached VND 3,009 billion, -11.13% compared to the previous session.

• Amplitude is 6.06 points. The market has 197 gainers, 59 reference codes and 186 losers.

• Foreign net-selling value: VND -280.63 billion on HOSE, including VGC (VND -33.8 billion), VHM (VND -16.5 billion) and VIC (VND -11.2 billion). Foreigners were net sellers on the HNX with a value of -9.46 billion dong.