20200828_BSC_Vietnam Daily Review_EN_Selling pressure increased at 885 points_TA_ VPB_ Breakthrough

Stock market: VNIndex increased strongly from the beginning of the session and remained positively throughout the session time. However, the selling pressure increased sharply around the 885 point resistance area which makes the gains narrowed, and VNIndex closed with 04 points gain. The investment cash flows showed the positive status as 15 out of 19 sectors gained, in which both Retail and Communication sectors had significant increases. Meanwhile, foreign investors’ trade was still quite negative as they continued to have net selling sessions on both HSX and HNX. The market liquidity increased compared to the previous session and the market breadth was positive, showing that the investor sentiment is fairly optimistic on the market outlook. According to our assessment, the market is likely to appear a few corrections in the next few sessions before continuing the uptrend to 885-900 points.

 

Future contracts: All future contract increased in agreement with the general trend of the index. Investors should prioritize selling with target price around 810 points for short-term contracts.

 

Covered warrants:  In the trading session on August 28, 2020, majority of coverred warrants increased following underlying securities. Trading value increased strongly.

 

Technical analysis: VPB_ Breakthrough

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

 

• VN-Index +4.27 points, closed at 878.98. HNX-Index +0.92 points, closed at 125.84.

• Pulling up the index: BID (+1.72); VNM (+1.06); GAS (+0.66); MWG (+0.52); TCB (+0.46).

• Pulling the index down: VIC (-1.04); GVR (-0.33); SAB (-0.18); PLX (-0.17); VCB (-0.11).

• The matched value of VN-Index reached VND 6,024 billion, +26.26% compared to the previous session.

• Amplitude is 8.16 points. The market has 225 gainers, 58 reference codes and 180 losers.

• Foreign net-selling value: VND -1227.54 billion on HOSE, including CTG (VND -683.5 billion), VCB (VND -147.9 billion) and HPG (VND -106.6 billion). Foreigners were net sellers on the HNX with a value of -9.79 billion dong.