20200824_BSC_Vietnam Daily Review_EN_Breakthrough session, VNIndex approached near 870 points_TA_ BVH_Short-term bullish trend

Stock market: VNIndex surprisingly increased from the beginning of the morning and maintained the stable increase in the whole session, closing at above 868 point, 14 points more compared to the previous session. The cash flow of investment maintained a positive status when 18/19 industries gained. Meanwhile, foreign investors had the net selling sessions on both HSX and HNX. The market liquidity continued to rise compared to the previous session, the market breadth was positive with 332 stocks rising its prices. The positive movements of the foreign stock markets may have positively affected the investors, which helps VN Index had a breakthrough session. According to our assessment, VN Index may maintain this short-term rise in the upcoming session, before correcting at the higher points.

 

Future contracts: All future contracts increased in agreement with the general trend of the index. Investors should prioritize selling with target price around 780 points for short-term contracts.

 

Covered warrants:  In the trading session on August 24, 2020, majority of coverred warrants increased following underlying securities. Trading value increased strongly.

 

Technical analysis: BVH_Short-term bullish trend

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

 

• VN-Index +13.9 points, closed at 868.68. HNX-Index +0.52 points, closed at 123.16.

• Pulling up the index: VIC (+2.85); VCB (+1.06); VPB (+0.94); BID (+0.81); PLX (+0.69).

• Pulling the index down: HNG (-0.06); DAT (-0.05); PDR (-0.05); PME (-0.03); SVC (-0.02).

• The matched value of VN-Index reached VND 5,730 billion, +28.39% compared to the previous session.

• Amplitude is 8.33 points. The market has 332 gainers, 44 reference codes and 84 losers.

• Foreign net-selling value: VND -396.16 billion on HOSE, including VNM (VND -96 billion), HPG (VND -81.1 billion) and VHM (VND -56 billion). Foreigners were net sellers on the HNX with a value of -7.04 billion dong.