20200831_BSC_Vietnam Daily Review_EN Selling pressure increased, however the green maintained _TA_ VJC_ Rebound trend

Stock market: VNIndex increased strongly from the beginning of the session; however, after first few moments of positive trading session, increased selling pressure at resistance area of around 886 points made the market reversed. VNIndex recovered at the end of session and closed at 881.65 points, rising 0.3% compared to the last session. The investment cash flows showed the negative status as only 6 out of 19 sectors gained, in which both Tourism and Entertainment, and Insurance sectors had the most significant increase. Meanwhile, foreign investors’ trade still have net selling sessions on both HSX and HNX. The market liquidity decreased slightly compared to the previous session; however, maintained stability. In addition, the market breadth was negative, indicating that the investor sentiment becomes more cautious on the market outlook. According to our assessment, as investors are hesitated at area of 860 – 870 points, a few corrections are likely to continue in the upcoming sessions.

Future contracts: The majority of futures rose in agreement with the index's general trend, except for VN30F2103. Investors should prioritize selling with target price around 810 points for short-term contracts.

 

Covered warrants:  In the trading session on August 31, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value decreased. 

 

Technical analysis: VJC_ Rebound trend

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

 

• VN-Index +2.67 points, closed at 881.65. HNX-Index -0.99 points, closed at 124.85.

• Pulling up the index: BCM (+1.95); SAB (+1.8); VNM (+0.84); CTG (+0.64); BID (+0.46).

• Pulling the index down: VCB (-0.42); TCB (-0.29); GVR (-0.22); LGC (-0.18); VPB (-0.17).

• The matched value of VN-Index reached VND 5,651 billion, -6.19% compared to the previous session.

• Amplitude is 9.18 points. The market has 159 gainers, 45 reference codes and 255 losers.

• Foreign net-selling value: VND -288.94 billion on HOSE, including VHM (VND -101.2 billion), VIC (VND -49.0 billion) and VRE (VND -47 billion). Foreigners were net sellers on the HNX with a value of -18.97 billion dong.