20200827_BSC_Vietnam Daily Review_EN_Fluctuated in a narrow range_TA_ GTN_Touch resistance level

Stock market: VNIndex had struggled around the reference point in most of the session before increased slightly at the end of the afternoon, closing at 874.71 points, approximately 0.14 % increase compared to the previous session. The investment cash flows showed the positive status as 12 out of 19 sectors gained, in which the Technology sector had a significant increase. Moreover, foreign investors continued to have net selling sessions on both HSX and HNX. Although the market breadth was positive, the market liquidity declined slightly compared to the previous session showing that the investor sentiment is becoming more cautious after positive sessions in the beginning of this week. According to our assessment, VNIndex will continue accumulating and may test the nearest resistant level at 880 area.

 

Future contracts: All future contract increased in agreement with the general trend of the index. Investors should prioritize buying with target price around 820 points for long-term contracts.

 

Covered warrants:  In the trading session on August 27th 2020, covered warrants and underlying stocks had a differentiation in status. Trading value decreased compared to the previous session.

 

Technical analysis: GTN_Touch resistance level

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

 

• VN-Index +1.24 points, closed at 874.71. HNX-Index +1.03 points, closed at 124.92.

• Pulling up the index: GVR (+0.47); PLX (+0.42); FPT (+0.36); SAB (+0.3); MWG (+0.2).

• Pulling the index down: VHM (-0.75); VIC (-0.38); BID (-0.29); GAS (-0.27); VJC (-0.16).

• The matched value of VN-Index reached VND 4,771 billion, -15.17% compared to the previous session.

• Amplitude is 3.78 points. The market has 241 gainers, 67 reference codes and 147 losers.

• Foreign net-selling value: VND -233.4 billion on HOSE, including VHM (VND -122 billion), VSC (VND -73.8 billion) and VNM (VND -37.6 billion). Foreigners were net sellers on the HNX with a value of -6.67 billion dong.