20200921_BSC_Vietnam Daily Review_EN_Positive at the beginning of the week_TA_ KBC_Consolidating

Stock market: After overcoming the resistance area of 900 points last week, VNIndex increased strongly since the beginning of morning session, then maintained positive momentum till closing. Today, VNINDEX increased by 7 points (+0.78%) to 907.94 points. The investment cash flows continued to increase sharply as 17 out of 19 sectors gained, in which both Telecommunications, and Retail sectors led the market with the most significant increases. After a chain of net selling session, foreign investors’ trade had a net buying session on HSX, however, a slight net selling session on HNX. The market liquidity was at a stable level and the market breadth was positive, showing that the investor sentiment is fairly optimistic on the market outlook. According to our assessment, VNIndex is likely to have a positive momentum in the upcoming sessions.

 

Future contracts: Except for VN30F2012, all future contracts increased following VN30. Investors might consider selling with target price around 830 points for short-term contracts. 

 

Covered warrants: In the trading session on September 21, 2020, majority of coverred warrants increased following underlying securities. Trading value increased strongly. 

 

Technical analysis: KBC_Consolidating

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

 

• VN-Index +6.99 points, closed at 907.94. HNX-Index +1.38 points, closed at 130.58.

• Pulling up the index: VIC (+1.93); VNM (+1.85); MWG (+0.51); TCB (+0.5); VRE (+0.29).

• Pulling the index down: BID (-0.22); BCM (-0.06); DPM (-0.05); CTG (-0.05); DHG (-0.05).

• The matched value of VN-Index reached VND 6,269 billion, +20.33% compared to the previous session.

• Amplitude is 5.28 points. The market has 220 gainers, 61 reference codes and 184 losers.

• Foreign net-buying value: VND 99.26 billion on HOSE, including PLX (VND 100.4 billion), VNM (VND 60.4 billion) and VRE (VND 59.4 billion). Foreigners were net sellers on the HNX with a value of -3.14 billion dong.