20200907_BSC_Vietnam Daily Review_EN_The Selling pressure increased, VNIndex decreased significantly in the afternoon session_TA_TIG_Positive Signal

Stock market: VN Index opened with a slight increase and maintained the green during the morning session. However, the increasing selling pressure has significantly pulled the index down in the afternoon session, making this index closed with more than 13 points decreased. The investing cash flow was in the negative status when 18/19 industries lost, except for Food and Beverage with the slight gain. Meanwhile, the foreign investors signaled the positive view when having a slight net buying session on both HSX and HNX. The market liquidity increased compared to the previous session, moreover, the market breadth was in the negative status with 273 losers. According to our assessment, the fact that the cash flow has turned to the negative status suggests that, VN Index can retest the 880-885 threshold in the upcoming sessions.

 

Future contracts: All future contracts decreased in agreement with the general trend of the index. Investors should hold long position with target price around 828 points for the contract VN30F2012.

 

Covered warrants: In the trading session on September 07, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly.

 

Technical analysis: TIG_Positive Signal

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

 

• VN-Index -13.29 points, closed at 888.25. HNX-Index -0.72 points, closed at 125.43.

• Pulling up the index: VNM (+0.91); BCM (+0.9); PDR (+0.24); HNG (+0.23); SAB (+0.15).

• Pulling the index down: BID (-1.34); GAS (-1.11); VIC (-1.05); VCB (-1.05); CTG (-0.92).

• The matched value of VN-Index reached VND 5,930 billion, +0.75% compared to the previous session.

• Amplitude is 17.55 points. The market has 135 gainers, 57 reference codes and 273 losers.

• Foreign net-buying value: VND 53.38 billion on HOSE, including FUEVFVND (VND 96 billion), VNM (VND 77.5 billion) and HPG (VND 36 billion). Foreigners were net buyers on the HNX with a value of 1.54 billion dong.