20200922_BSC_Vietnam Daily Review_EN_A slight corrected session_TA_ PVD_Positive Signal

Stock market: The VN-Index had a slight corrected session when it is in a short-term consolidation state after surpassing the psychological resistance of 900 points. The market had no big fluctuations with decreasing investment cash flow when only 9 out of 19 sectors gained. Foreign investors continued their net buying trend on the HSX while net sold slightly on the HNX. The market liquidity was almost unchanged from the previous session, the market amplitude was quite narrow, and the market breadth was negative. All these indicators are hinting at a cautious trading trend at 900 points. The VNIndex is expected to consolidate at 900 points in the next 1-2 sessions before creating a rally in the next phases.

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 840 points for short-term contracts. 

Covered warrants: In the trading session on September 22, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value maintained at high level. 

 

Technical analysis: PVD_Positive Signal

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

 

Highlights 

• VN-Index -1.75 points, closing at 906.19. HNX-Index +1.61 points, closed at 132.19.

• Pulling the index up: VCB (+1.04); STB (+0.42); MWG (+0.15); MBB (+0.10); BVH (+0.09).

• Pulling the index down: VIC (-1.33); GVR (-0.67); GAS (-0.48); VHM (-0.48); VNM (-0.24).

• The matched value of VN-Index reached VND 6,160 billion, -1.7% compared to the previous session.

• The amplitude of variation is 7.22 points. There were 150 gainers, 57 unchange and 246 losers.

• Foreign investors' net buying value: 81.84 billion dong on HOSE, including SSI (VND 32.2 billion), VNM (VND 29.7 billion), and FUEFVND (VND 27.7 billion). Foreigners were net sellers on the HNX with the value of VND -1.58 billion.