20201217_BSC_Vietnam Daily Review_EN_ Selling pressure increased _TA_ VPG_ Uptrend

Stock market: The news that the US put Vietnam in the list of currency manipulation countries somewhat influenced and caused the VNIndex to decline quite sharply today and now the index has moved to close to the support level of 1050. Investment cash flow declined and only 2 out of 19 sectors gained. Meanwhile, foreign investors continued to be net sellers on the HSX, but turned back to be net buyers on the HNX. Besides, market breadth turned negative and liquidity increased from the previous session. According to our assessment, the VNIndex may fluctuate in the last session of the week, but the potential remains at 1050.

 

Future contracts: All future contracts dropped in agreement with the general trend of the index during the maturity session of VN30F2012. Investors should prioritize buying with target price around 1030 points for short-term contracts.

 

Covered warrants: In the trading session on December 17, 2020, covered warrants and underlying stocks were mostly in red. Trading value increased dramatically compared to the previous session.

 

Technical analysis: VPG_ Uptrend

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

 

• VN-Index -15.22 points, closed at 1051.77. HNX-Index +0.38 points, closed at 172.

• Pulling up the index: GVR (+0.8); TCB (+0.39); TPB (+0.24); VPB (+0.2); MSN (+0.16).

• Pulling the index down: VCB (-3.84); VIC (-2.11); VHM (-1.34); BID (-1.09); HPG (-1.02).

• The matched value of VN-Index reached VND 13,687 billion, +25.06% compared to the previous session.

• Amplitude is 14.43 points. The market has 148 gainers, 47 reference codes and 290 losers.

• Foreign net-selling value: VND -776.84 billion on HOSE, including HPG (VND -184.3 billion), CTG (VND -68.5 billion) and VCB (VND -60 billion). Foreigners were net buyers on the HNX with a value of 5.17 billion dong.