20200826_BSC_Vietnam Daily Review_EN_VNIndex struggled around the reference_TA_ DRC_Upward trend

Stock market: VNIndex struggled when there were high selling pressure at the beginning and the end of the trading session, slightly decreasing compared to the previous session, therefore ending the last 03 consecutive gaining sessions. The investment cash flows clearly showed the weakness as only 09 out of 19 sectors gained, however, the Telecommunication and Oil & Gas sectors had significant increases. Meanwhile, foreign investors continued to have a net selling session on HSX, but net buy slightly on HNX. The market liquidity declined slightly compared to the previous session and the market breadth was negative, showing that the investor sentiment is becoming more cautious. According to our assessment, the fact that investor sentiment are quite hesitant at 860-870 points with the low liquidity indicates that VNIndex is likely to correct slightly or accumulate in the coming sessions.

 

Future contracts: Future contract VN30F2010 and VN30F2012 decreased in agreement with the general trend of the index, while VN30F2009 and VN30F2103 increased. Investors should prioritize buying with target price around 820-825 points for short-term contracts.

 

Covered warrants:  In the trading session on August 26, 2020, majority of coverred warrants decreased following underlying securities. Trading value decreased strongly.

 

Technical analysis: DRC_Upward trend

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

 

• VN-Index -0.65 points, closed at 873.47. HNX-Index +0.52 points, closed at 123.89.

• Pulling up the index: PLX (+0.35); GVR (+0.17); VJC (+0.17); VRE (+0.16); PVD (+0.09).

• Pulling the index down: VCB (-0.42); SAB (-0.41); HPG (-0.33); TCB (-0.2); BID (-0.17).

• The matched value of VN-Index reached VND 5,624 billion, -6.03% compared to the previous session.

• Amplitude is 5.19 points. The market has 182 gainers, 66 reference codes and 209 losers.

• Foreign net-selling value: VND -360.41 billion on HOSE, including HPG (VND -165 billion), VNM (VND -93 billion) and VCB (VND -41.1 billion). Foreigners were net buyers on the HNX with a value of 6.62 billion dong.