20201019_BSC_Vietnam Daily Review_EN_Continued consolidating_TA_ DRI_Breakout

Stock market: VN-Index maintained a sideways trend throughout the session. Foreign investors continued to be net sellers on HOSE and net buyers on HNX. Investment cash flow weakened when only 8 out of 19 sectors gained. The narrow fluctuation range, positive market breadth and declining liquidity indicated that the VN-Index's rally was cooling down. BSC recommends investors to limit transactions and wait for short-term movements of the market during this week.

 

Future contracts: All future contracts increased following VN30. Investors might consider selling with target price around 890 points for short-term contracts. 

 

Covered warrants: In the trading session on October 19, 2020, majority of coverred warrants decreased, while underlying securities diverged in terms of price. Trading value decreased. 

 

Technical analysis: DRI_Breakout

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

 

Highlights 

• VN-Index +0.39 points, closing 943.69 points. HNX-Index +1.06 points, closed 140.88 points.

• Dragging the index up: CTG (+1.06); GVR (+0.97); MSN (+0.67); TCB (+0.35); BVH (+0.33).

• Pulling the index down: VHM (-0.86); GAS (-0.76); VCB (-0.74); BID (-0.34); LGC (-0.25).

• The matched value of VN-Index reached VND 6,921 billion, -13.3% compared to the previous session.

• The fluctuation band was 8.00 points, narrower compared to the previous session. There were 205 gainers, 66 reference stocks and 197 losers on the market.

• Foreign investors' net selling value: VND -368.92 billion on HOSE, including CTG (VND -173.6 billion), MSN (VND -122.7 billion) and VPB (VND -48 billion). Foreigners were net buyers on the HNX with the value of VND 0.71 billion.