20200925_BSC_Vietnam Daily Review_EN_Vietnam is on the watch list of FTSE Russel, VN-index continues to consolidate_TA_ FCN_Breakout

Stock market: VN-Index continued its cumulative and sideways trend during the whole session as Vietnam remained on the FTSE Russel watchlist for market upgrade. Investment cash flow remained weak as only 5/19 sectors rose. Foreign investors continued to be net sellers on both HSX and HNX. The market liquidity was almost unchanged, the trading band narrowed and the negative market scale continued to reinforce the consolidate movement of VN-Index. VN-Index isn’t likely to be volatile in coming sessions as investors waiting for the results of economic growth result in the third quarter of 2020 on 29/09.

 

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 845 points for short-term contracts.  

 

Covered warrants: In the trading session on September 25, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value decreased strongly. 

 

Technical analysis: FCN_Breakout

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

 

• VN-Index -0.31 points, closing 908.27 points. HNX-Index -0.19 points, closed at 131.52 points.

• Pulling the index up: STB (+0.45); BHN (+0.30); CTG (+0.21); LGC (+0.20); VNM (+0.19).

• Pulling the index down: GAS (-0.21); BCM (-0.20); VIC (-0.19); PDR (-0.19); VRE (-0.13).

• The matched value of the VN-Index reached VND 5,432 billion, -1.13% from the previous session.

• The fluctuation range was 5.74 points, narrower than the previous session. There were 162 gainers, 71 unchange and 239 losers on the market.

• Foreign investors' net selling value: VND -131.25 billion on HOSE, including HPG (VND -52.9 billion), VNM (VND -24.3 billion) and SSI (VND -20.8 billion). Foreigners were net buyers on the HNX with the value of VND 1.57 billion.