20200916_BSC_Vietnam Daily Review_EN_Struggling around the reference_TA_ PVS_Consolidating

Stock market: VN Index mainly fluctuated around the reference level during today's trading time. Investment cash flow did not change much when 11 out of 19 sectors still rose. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. Market liquidity declined compared to the previous session, and market breadth was in equilibrium, showing that selling pressure and buying motivation are not inclined to any direction. According to our assessment, VN Index will continue to temporarily accumulate and move sideways at 890-900 points in the next few sessions.

 

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 820 points for long-term contracts. 

 

Covered warrants: In the trading session on September 16, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value decreased strongly. 

 

Technical analysis: PVS_Consolidating

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

 

• VN-Index +1.21 points, closed at 897.47. HNX-Index -0.06 points, closed at 127.87.

• Pulling up the index: VIC (+0.48); PLX (+0.45); VCB (+0.42); VHM (+0.37); MWG (+0.22).

• Pulling the index down: BCM (-0.3); VNM (-0.29); BID (-0.22); CTG (-0.21); MSN (-0.16).

• The matched value of VN-Index reached VND 4,399 billion, -20.51% compared to the previous session.

• Amplitude is 2.95 points. The market has 183 gainers, 68 reference codes and 198 losers.

• Foreign net-selling value: VND -164.46 billion on HOSE, including VHM (VND -58.5 billion), VNM (VND -43.2 billion) and QNS (VND -31.93 billion). Foreigners were net sellers on the HNX with a value of -1.97 billion dong.