20201204_BSC_Vietnam Daily Review_EN Selling pressure increased at 1,025 points_TA_CTG_Upward trend

Stock market: VNIndex remained a positive status in most of the session time. However, the selling pressure increased sharply around the 1,025 point resistance area which makes the gains narrowed, therefore VNIndex closed with 1.69 points gain. The investment cash flows showed the negative status as 09 out of 19 sectors gained, in which both Chemicals and Food & Beverage sectors had significant increases. Meanwhile, foreign investors had net selling session on HSX but had net buying session on HNX. The market breadth was changed to negative while market liquidity increased compared to the previous session, showing that the selling pressure is increasing. According to our assessment, VNIndex will re-test the 1,025 point resistance area in the following sessions.

 

Future contracts: VN30F2012 and VN30F2101 decreased, while VN30F2103 and VN30F2106 increased. Investors might consider selling with target price around 960 points for long-term contracts. 

 

Covered warrants: In the trading session on December 4, 2020, majority of coverred warrants decreased following underlying securities. Trading value increased. 

 

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

 

• VN-Index +1.69 points, closing 1021.49 points. HNX-Index +0.49 points, to close at 152.48 points.

• Dragging the index up: GVR (+1.45), SAB (+1.25), CTG (+0.93), MSN (+0.85), GAS (+0.53).

• Drag the index down: VCB (-2.47); VPB (-0.34); VNM (-0.29); VRE (-0.26); BVH (-0.21).

• The matched value of VN-Index reached VND 10,035 billion, +9.0% compared to the previous session.

• The fluctuation range was 6.50 points, almost unchanged from the previous session. There were 198 advancers, 59 reference codes and 245 decliners.

• Foreign investors' net selling value: VND -43.34 billion on HOSE, including GMD (VND (-34.6 billion), LCG (VND -34.2 billion), and PAN (VND -33.5 billion). Foreigners were net buyers on the HNX with the value of VND 8.63 billion.