20200901_BSC_Vietnam Daily Review_EN_Increase after fluctuations _TA_ VGT_ Consolidate

Stock market: After fluctuating around reference price in the beginning, VNIndex showed a positive signal, increased strongly and ended the first trading session of September in green. The investment cash flows returned the market and increased sharply as 17 out of 19 sectors gained, in which both Tourism and Entertainment, and Insurance sectors continued to lead the market with the most significant increases. However, foreign investors’ trade was still quite negative as they continued to have net selling sessions on both HSX and HNX; the net selling value today decreased slightly compared to the previous session. The market liquidity still maintained at a high level and the market breadth was positive, showing that the investor sentiment is fairly optimistic on the market outlook. According to our assessment, VNIndex still maintained its short - term increase, a few corrections are likely to appear in a few sessions before the index reaches 900 points – the peak registered last June.

 

Future contracts: All futures gained in agreement with the general trend of the index. Investors should prioritize buying with target price around 835 points for all contracts.

 

Covered warrants:  In the trading session on September 01, 2020, majority of coverred warrants increased following underlying securities. Trading value increased positively. 

 

Technical analysis: VGT_ Consolidate

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

 

• VN-Index +10.08 points, closed at 891.73. HNX-Index +0.56 points, closed at 125.41.

• Pulling up the index: VIC (+3.02); VNM (+1.04); BCM (+0.73); GAS (+0.65); BID (+0.45).

• Pulling the index down: NVL (-0.21); MSN (-0.13); KDC (-0.04); SAB (-0.03); DHG (-0.03).

• The matched value of VN-Index reached VND 4,590 billion, -18.78% compared to the previous session.

• Amplitude is 11.72 points. The market has 276 gainers, 55 reference codes and 129 losers.

• Foreign net-selling value: VND -192.28 billion on HOSE, including VCB (VND -88.2 billion), HPG (VND -62.9 billion) and VHM (VND -62.6 billion). Foreigners were net sellers on the HNX with a value of -2.37 billion dong.