20201028_BSC_Vietnam Daily Review_EN_Storm Molave landed, the market plummeted_TA_ PDR_Maintain uptrend

Stock market: VN-Index lost points deeply due to the news about storm No. 9, making the market worried that it will affect the business activities of enterprises as well as the stability of the socio-economic situation at the end of the year. That caused sell-off activities to increase and lead to the rapid devaluation of most stocks today. Investment cash flow continued to decline when all sectors lost points. Meanwhile, foreign investors were still net sellers on the HSX and HNX. Market liquidity increased compared to the previous session, and market breadth was negative. According to our assessment, VN-Index is likely to continue correcting to 905-910 points in the next sessions.

 

Future contracts: All future contracts decreased following VN30. Investors might consider selling with target price around 875 points for long-term contracts. 

 

Covered warrants: In the trading session on October 28, 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 -25.42 points, closed at 921.05. HNX-Index -3.09 points, closed at 134.04.

• Pulling up the index: PDR (+0.13); FLC (+0.06); BHN (+0.05); BCM (+0.05); SVC (+0.04).

• Pulling the index down: VIC (-5.09); VCB (-1.89); VHM (-1.85); BID (-1.57); VNM (-1.3).

• The matched value of VN-Index reached VND 8,249 billion, +8.01% compared to the previous session.

• Amplitude is 25.86 points. The market has 66 gainers, 46 reference codes and 365 losers.

• Foreign net-selling value: VND -478.94 billion on HOSE, including MSN (VND -303.2 billion), VRE (VND -57 billion) and HPG (VND -55.8 billion). Foreigners were net sellers on the HNX with a value of -1.21 billion dong.