20201102_BSC_Vietnam Daily Review_EN_ Stable movement_TA_ FIR_Rising

Stock market: After a period of strong correction, the market has shown signs of recovery. Cash flow investment returned to the market with 16/19 sectors increasing. Liquidity plummeted, amplitude narrowed and market breadth was positive, showing that the market prices of some stocks have returned to an attractive level which are attracting investors’ cash flows. However, the fact that foreign investors continued to be net sellers on both HSX and HNX is still restraining the market's upward momentum. With a movement like this, VN-Index is likely to retest the threshold of 940 points before forming a new trend in the short term.

 

Future contracts: All future contracts increased following VN30. Investors might consider buying with target price around 910 points for long-term contracts. 

 

Covered warrants: In the trading session on November 02, 2020, majority of coverred warrants increased following underlying securities. Trading value decreased strongly. 

 

Technical analysis: FIR_Rising

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

 

• VN-Index +8.21 points, to close at 933.68 points. HNX-Index +1.53 points, to close at 136.87 points.

• Pulling the index up: VCB (+2.96); CTG (+1.48); VJC (+0.57); GVR (+1.51); BID (+0.46).

• Pulling the index down: GAS (-0.38); PLX (-0.24); VNM (-0.20); KDH (-0.10); VHM (-0.10).

• The matched value of the VN-Index reached VND 4,654 billion, -23.6 percent from the previous session.

• The fluctuation range was 9.54 points, narrowing from the previous session. The market had 304 gainers, 59 unchange and 127 losers.

• Foreign investors' net selling value: VND -508.17 billion on HOSE, including MSN (VND -280.3 billion), HPG (VND -73.8 billion), and VRE (VND -35.1 billion). Foreigners were net sellers on the HNX with the value of VND -1.31 billion.