20200825_BSC_Vietnam Daily Review_EN_ VNIndex returned to the resistance zone around 875 points_TA_ MWG_Continuing the bullish status

Stock market: VNIndex continued to increase from the beginning of the morning and maintained around 870-875 points in the whole session. The cash flow of investment has declined, but there were still 16/19 industries gained. Meanwhile, foreign investors continued to have the net selling sessions on both HSX and HNX. The market liquidity continued had few changes compared to the previous session. Besides, the market breadth continued to be in the positive status; however, the number of rising stocks has decreased compared to the recent sessions. According to our assessment, the fact that the cash flow maintained the positive status but was weakening may be the signal of some correcting sessions in the near future, around 880 points.

 

Future contracts: Only VN30F2012 gained in agreement with the general trend of the index, while the remaining futures closed in red. Investors should prioritize selling with target price around 785 points for VN30F2009 contract.

 

Covered warrants:  In the trading session on August 25, 2020, majority of underlying securities increased, while coverred warrants diverged in terms of price . Trading value increased positively.

 

Technical analysis: MWG_Continuing the bullish status

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

 

• VN-Index +5.44 points, closed at 874.12. HNX-Index +0.21 points, closed at 123.37.

• Pulling up the index: VIC (+1.96); PLX (+0.68); SAB (+0.65); MWG (+0.47); GAS (+0.44).

• Pulling the index down: VHM (-0.37); HPG (-0.23); GVR (-0.22); BID (-0.17); VPB (-0.14).

• The matched value of VN-Index reached VND 5,985 billion, +4.45% compared to the previous session.

• Amplitude is 6.65 points. The market has 209 gainers, 77 reference codes and 179 losers.

• Foreign net-selling value: VND -459.3 billion on HOSE, including VHM (VND -168.1 billion), VNM (VND -68 billion) and HPG (VND -57.3 billion). Foreigners were net sellers on the HNX with a value of -1.12 billion dong.