20200930_BSC_Vietnam Daily Review_EN_ Struggling around the reference_TA__Establish the bottom level

Stock market: The VNIndex had a struggling session and sometimes re-checked the 900-point area but bounced back from this level in the afternoon session and closed with a slight increase. Investment cash flow improved with 8 out of 19 sectors gaining points. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. The market liquidity declined compared to the previous session, and the market breadth was in a relatively balanced status, showing that the current movements are not completely inclined towards buyers or sellers. According to our assessment, VN-Index will continue to struggle in the next sessions.

 

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

 

Covered warrants: In the trading session on September 29, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly. 

 

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

 

• VN-Index +1.23 points, closed at 905.21. HNX-Index +1.19 points, closed at 132.93.

• Pulling up the index: VHM (+0.66); VIC (+0.49); STB (+0.24); MSN (+0.2); BID (+0.17).

• Pulling the index down: LGC (-0.21); BCM (-0.2); SAB (-0.16); VNM (-0.15); BHN (-0.13).

• The matched value of VN-Index reached VND 5,516 billion, -28.87% compared to the previous session.

• Amplitude is 6.56 points. The market has 222 gainers, 75 reference codes and 175 losers.

• Foreign net-selling value: VND -249.85 billion on HOSE, including HPG (VND -87.5 billion), VNM (VND -53.3 billion) and VHM (VND -37.6 billion). Foreigners were net sellers on the HNX with a value of -8.57 billion dong.