20201116_BSC_Vietnam Daily Review_EN_ Selling pressure increased at resistance _TA_ TCB_ Positive Signal

Stock market: VN-Index was still in green at the beginning of the morning but the selling pressure increased gradually and peaked at the end of the afternoon so it moved to close to 950 points. Investment cash flow fell sharply with only 2 out of 19 industry groups gaining points. Meanwhile, foreign investors turned back to be net sellers on both HSX and HNX. In addition, market breadth was in a negative status and market liquidity also increased sharply compared to the previous session. According to the current assessment, the area 940-950 is still a good support area, so the selling pressure may decrease in the next sessions.

 

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

 

Covered warrants: In the trading session on November 16, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased strongly. 

 

Technical analysis: TCB_ Positive Signal

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

 

• VN-Index -15.5 points, closed at 950.79. HNX-Index -1.38 points, closed at 143.36.

• Pulling up the index: HPG (+0.23); TMS (+0.04); POM (+0.04); PAN (+0.03); HNG (+0.03).

• Pulling the index down: VIC (-4.89); MSN (-1.71); VHM (-1.45); VCB (-1.44); SAB (-0.53).

• The matched value of VN-Index reached VND 8,973 billion, +25.09% compared to the previous session.

• Amplitude is 22.48 points. The market has 146 gainers, 50 reference codes and 305 losers.

• Foreign net-selling value: VND -402.93 billion on HOSE, including HDB (VND -95.8 billion), CTG (VND -92.4 billion) and MSN (VND -87.8 billion). Foreigners were net sellers on the HNX with a value of -3.65 billion dong.