20201224_BSC_Vietnam Daily Review_EN_Red tide _TA_ TCH_Consolidating

Stock market: After a series of strong rally sessions, the market had a strong corrected session with red color covering the market from the morning session to the afternoon session. Investment cash flow declined with all sectors dropping. Market liquidity decreased slightly, market amplitude widened and market breadth was negative, reflecting panic sell-off sentiment due to short-term profit-taking pressure after a series of prolonged gaining sessions. During today session, the market once fell by nearly 3% but quickly recovered and only decreased by more than 1% at the end of the session. This phenomenon shows that the smart investors is still catching the bottom price of fundamental stocks in this strong corrected session. BSC expects the market to return to the 1,080--1,100 point range next week.

 

Futures: All future contracts decreased following VN30. Investors might consider buying with target price around 1065 points for long-term contracts. 

 

Covered Warrant: In the trading session on December 24, 2020, majority of underlying securities decreased, while coverred warrants diverged in terms of price. Trading value increased strongly.

 

 

Technical analysis: TCH_Consolidating

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

 

• VN-Index -11.38 points, to close 1,067.52 points. HNX-Index -2.62 points, closing 187.63 points.

• Dragging the index up: KBC (+0.17), SAB (+0.17), MSB (+0.10), VJC (+0.06), CMG (+0.05).

• Pulling the index down: BID (-1.20); VHM (-1.0); VNM (-0.85); TCB (-0.71); CTG (-0.56).

• The matched value of VN-Index reached VND 13,005 billion, -0.05% compared to the previous session.

• The fluctuation range was 37.87 points, 5 times higher than the previous session. There were 88 gainers, 35 reference stocks and 367 losers.

• Foreign investors' net selling value: VND -70.72 billion on HOSE, including VNM (VND -60.4 billion), HPG (VND -32.5 billion), and SSI (VND -27.1 billion). Foreigners were net buyers on the HNX with the value of VND 11.11 billion.