20200911_BSC_Vietnam Daily Review_EN_Prolonged consolidate period_TA_ HDG_Maintaining Uptrend

Stock market: VN-Index went sideways during the whole session today. Investment cash flow decreased compared to the previous session when only 07/19 sectors gained. Foreigners returned to the trend of net selling on the HSX but net-buying on HNX thanks to SHB shares. Market liquidity continued to decline, market breadth was balanced and market amplitude narrowed. All these indicators show that the cautiousness of the market continued to increase. This phenomenon is extending the consolidation period of the VN-Index in the price range 880-900 points. 

 

Future contracts: Except for VN30F2103, all future contracts increased in contrast with VN30. Investors might consider buying with target price around 826 points for long-term contracts.

 

Covered warrants: In the trading session on September 11, 2020, majority of coverred warrants decreased in contrast with underlying securities. Trading value decreased strongly.

 

Technical analysis: HDG_Maintaining Uptrend

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

 

• VN-Index +0.15 points, closing 888.97 points. HNX-Index +0.39 points, to close at 126.21 points.

• Pulling the index up: VIC (+0.57); CTG (+0.31); HDB (+0.29); VCB (+0.21); PDR (+0.18).

• Pulling the index down: BCM (-0.49); VNM (-0.44); VHM (-0.38); SAB (-0.18); TCB (-0.15).

• The matched value of VN-Index reached VND 4,529 billion, -7.3% from the previous session.

• The fluctuation range was 6.31 points, narrowing compared to the previous session. There were 196 gainers, 72 unchange and 197 losers on the market.

• Foreign investors' net selling value: VND -313.52 billion on HOSE, including VHM (VND -162.3 billion), HPG (VND -141.0 billion) and KDH (VND -132.5 billion). Foreigners were net buyers on the HNX with the value of VND 21.58 billion.