20201120_BSC_Vietnam Daily Review_EN_Reaching the 990 level peak_TA_ VGI_Breakout

Stock market: VN-Index has reached the threshold of 990 points in today's session. Investment cash flow was weaker than the previous session when 12 out of 19 industry groups gained. Although the market liquidity declined but the positive market amplitude and wide market breadth widened still supported the positive market state. Foreign investors remained net buyers on HOSE and focused on large-cap stocks such as VJC and VNM. VN-Index is expected to consolidate at 980-1000 points in the short term when the uptrend is showing signs of cooling down and it is about to reach the long-term resistance level of 1000 points.

 

Future contracts: All future contracts increased following VN30. Investors might consider buying  for long-term contracts. 

 

Covered warrants: In the trading session on November 20, 2020, majority of coverred warrants increased following underlying securities. Trading value decreased. 

 

Technical analysis: VGI_Breakout

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

 

• VN-Index +6.74 points to close at 990.00 points. HNX-Index +0.36 points, to close 147.21 points.

• Pulling the index up: VCB (+2.34), VHM (+0.93), BID (+0.89), BID (+0.89), VNM (+0.70).

• Pulling the index down: GVR (-0.33); SAB (-0.30); VIC (-0.19); VRE (-0.16); GAS (-0.16).

• The matched value of VN-Index reached VND 8,555 billion, - 12.4% compared to the previous session.

• The fluctuation range was 9.28 points, widening from the previous session. The market had 254 gainers, 67 reference codes and 176 losers.

• Foreign investors' net buying: VND 112.54 billion on HOSE, including VJC (VND 59.3 billion), VNM (VND 58.6 billion), and GEX (VND 58.0 billion). Foreigners were net sellers on the HNX with the value of VND -27.89 billion.