20201027_BSC_Vietnam Daily Review_EN_ Correcting momentum continues_TA_KDH_Consolidating

Stock market: The VNIndex had a rather pulling-about session but selling pressure continued to increase in the afternoon and pushed the index to close in red. Investment cash flow continued to decline when only 1/19 industry groups gained. Meanwhile, foreign investors were still net sellers on the HSX and HNX. The market liquidity was not much different from the previous session, and the market breadth was in a negative status, showing that profit-taking psychology is increasing. According to our assessment, VN-Index is likely to fluctuate in the area of 940-950 points in the coming sessions.

 

Future contracts: Except for VN30F2103, all future contracts increased following VN30. Investors might consider buying with target price around 940 points for long-term contracts. 

 

Covered warrants: In the trading session on October 27, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased. 

 

Technical analysis: KDH_Consolidating

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

 

• VN-Index -4.33 points, closed at 946.47. HNX-Index -1.9 points, closed at 137.13.

• Pulling up the index: VIC (+0.58); HPG (+0.57); PDR (+0.3); CTG (+0.27); SGN (+0.05).

• Pulling the index down: VHM (-0.83); VNM (-0.52); VRE (-0.47); STB (-0.38); MBB (-0.38).

• The matched value of VN-Index reached VND 7,637 billion, -3.97% compared to the previous session.

• Amplitude is 8.44 points. The market has 102 gainers, 61 reference codes and 319 losers.

• Foreign net-selling value: VND -168.57 billion on HOSE, including MSN (VND -233.7 billion), VIC (VND -25.8 billion) and STB (VND -17.6 billion). Foreigners were net sellers on the HNX with a value of -1.27 billion dong.