20210201_BSC_Vietnam Daily Review_EN__Consolidate trend continues_TA_ DDG_Maintain momentum

Stock market: After a strong recovery the previous day, VN-Index returned to decline strongly today due to the stress of the epidemic COVID-19. Investment cash flows out of the market when there are 18/19 industries falling. Liquidity declined, market amplitude widened and market breadth was negative, indicating a strong net selling trend. The movement of the VN-Index is likely to depend on the spread of COVID-19 in the coming period. If successful at controlling, the market can retest the 1,100 point area. If not, the VN-Index is likely to return to the threshold of 1,000 points.

 

Future contracts: All future contracts dropped in agreement with the general trend of the index. Investors can consider selling with a target price around 966 points for short-term contracts.

 

Covered warrants: In the trading session on february 01,2021, majority of coverred warrants decreased following underlying securities. Trading value decreased strongly.

 

Technical analysis: DDG_Maintain momentum

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

 

• VN-Index -21.10 points, closing 1,035.51 points. HNX-Index -5.36 points, closing 208.55 points.

• Pulling the index up: SAB (+1.94), CTG (+1.49), VPB (+0.66), EIB (+0.22), TCB (+0.19)

• Dragging the index down: VHM (-4.66), VCB (-1.88), GVR (-1.82), VRE (-1.28), MSN (-1.10).

• The matched value of VN-Index reached VND 12,287 billion, -22.7% compared to the previous session. The total trading value reached 13,651 billion dong.

• The fluctuation range was 39.01 points, widening from the previous session. There were 90 gainers, 31 unchange and 369 losers.

• Foreign investors' net buying: VND 180.5 billion on HOSE, including HPG (VND 87.5 billion), VNM (VND 87.4 billion), and VRE (VND 80.5 billion). Foreigners were net buyers on the HNX with the value of VND 7.21 billion.