20201006_BSC_Vietnam Daily Review_EN_Stay Positive_TA_MSN_Breakout

Stock market: The market today continued to remain positive when the VNIndex was in the green for most of the trading time. Investment cash flow declined when only 11 out of 19 sectors gained. Meanwhile, foreign investors continued to be net sellers on both HSX and HNX. The market liquidity increased from the previous session, and the market breadth was in a relatively balanced status, showing that the current buying motivation is not strong enough to pull the index higher. In our opinion, VN-Index still has the potential to move to around 920 points, but short-term profit-taking pressure will cause that process to take place slowly with slight increases.

 

Future contracts: Except for VN30F2010, all future contracts increased following VN30. Investors might consider selling with target price around 855 points for short-term contracts.

 

Covered warrants: In the trading session on October 6, 2020, majority of coverred warrants increased, while underlying securities diverged in terms of price. Trading value increased strongly. 

 

Technical analysis: MSN_Breakout

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

 

Highlights 

• VN-Index +0.99 points, closed at 915.67. HNX-Index +0.58 points, closed at 137.77.

• Pulling up the index: HPG (+0.88); MSN (+0.69); VCB (+0.43); SAB (+0.33); STB (+0.27).

• Pulling the index down: VIC (-1.43); CTG (-0.32); LGC (-0.22); TCB (-0.15); VNM (-0.15).

• The matched value of VN-Index reached VND 7,305 billion, +13.19% compared to the previous session.

• Amplitude is 6.16 points. The market has 212 gainers, 91 reference codes and 174 losers.

• Foreign net-selling value: VND -97.54 billion on HOSE, including VNM (VND -105.5 billion), CTG (VND -37.4 billion) and VIC (VND -30.4 billion). Foreigners were net sellers on the HNX with a value of -2.79 billion dong.