20200910_BSC_Vietnam Daily Review_EN_Accumulated at 880-900 zone_ GMD_Breakout

Stock market: VN-Index gained during the morning session but weakened gradually and reversed at the end of the afternoon session. Investment cash flow spread into the market with 10/19 sectors gaining points. Foreigners turned to be net buyers again on HSX, mainly thanks to the put through order of 75 million VHM shares in ATC session. Market liquidity declined slightly, market breadth was positive and market amplitude narrowed which together reflected the investors’ caution attitude. VN-Index is expected to continue consolidating in the range 880-900 points in the near future. Investors can consider increasing the proportion of the portfolio in good fundamental stocks. 

 

Future contracts: All future contracts decreased in contrast with VN30. Investors might consider selling with target price around 815 points for short-term contracts.

Covered warrants: In the trading session on September 10, 2020, majority of coverred warrants increased following underlying securities. Trading value decreased.

 

Technical analysis: GMD_Breakout

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

 

• VN-Index -0.50 points, closing 888.82 points. HNX-Index -0.11 points, closing 125.82 points.

• Drag the index up: GVR (+0.45); VNM (+0.45); TCB (+0.24); GAS (+0.16); REE (+0.16).

• Pulling the index down: BCM (-0.87); VHM (-0.47); BID (-0.34); PLX (-0.29); BVH (-0.21).

• The matched value of VN-Index reached VND 4,886 billion, -7.2% from the previous session.

• The fluctuation range was 7.96 points, narrower compared to the previous session. There were 221 gainers, 72 unchange and 179 losers.

• Foreign investors' net buying value: VND 5031.51 billion on HOSE, including VHM (VND 5497 billion), FUEVFVND (VND 14.8 billion) and E1VFVN30 (VND 11.9 billion). Foreigners were net buyers on the HNX with the value of VND 1.79 billion.