20201012_BSC_Vietnam Daily Review_EN_Test the resistance level of 930_TA_BWE_ Short-term accumulation

Stock market: VNIndex rose sharply from the beginning of morning session thanks to Banking sector; however, increased selling pressure at an area of 930 made gaining momentum narrowed. The investment cash flows decreased as 4 out of 19 sectors gained, in which both Banking, and Insurance sectors led the market with the most significant increases. In addition, foreign investors’ trade continued to be a net seller on HSX. The market liquidity was at a stable level and the market breadth was negative, showing that the investor sentiment became more cautious on the market outlook. VNIndex might have slow upward movement, approaching 930 points in coming sessions.  

 

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 860 points for long-term contracts. 

 

Covered warrants: In the trading session on October 12, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly. 

 

Technical analysis: BWE_ Short-term accumulation

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

 

• VN-Index +1.83 points, to close at 925.83 points. The HNX-Index −1.01 points, to close at 135.90  points.

• Pulling the index up: CTG (+1.54); VCB (+1.16); MSN (+0.70); BID (+0.69); BVH (+0.66).

• Pulling the index down: SAB (-0.90); VRE (-0.37); LGC (-0.25); HPG (-0.24); MWG (-0.19).

• The matched value of VN-Index reached VND 7,696 billion, +33.01% compared to the previous session.

• The daily trading range was 9.85 points, broader than the previous session. There were 127 gainers, 52 unchange and 295 losers in the market.

• Foreign investors' net selling value: VND -382.27 billion on HOSE, including CTG (VND -183.76 billion), MSN ( VND -88.63 billion) and VRE (VND -24.99 billion). Foreigners were net buyers on the HNX with the value of VND 4.78  billion.