20210302_BSC_Vietnam Daily Review_EN_ Selling pressure gradually increased _TA_ LHG_Rising

Stock market: VNIndex remained in green in the first half of the morning session but turned to struggle around the reference level in the remaining time. In the market, investment cash flow declined and only 9 out of 19 sectors increased. In addition, foreign investors were net sellers on both HSX and HNX. Besides, market breadth turned to equilibrium with liquidity decreased slightly compared to the previous session. In our opinion, VN-Index still has the potential to return to close to the threshold of 1200, but will face with selling pressure in this area and maintain a pulling status in the next few sessions.

 

Future contracts: All future contracts increased following VN30. Investors might consider buying with target price around 1200 points for long-term contracts. 

 

Covered warrants: In the trading session on March 2, 2021, both coverred warrants and underlying securities diverged in terms of price. Trading value increased. 

 

Technical analysis: LHG_Rising

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

 

• VN-Index +0.44 points, closed at 1186.61. HNX-Index -4.43 points, closed at 247.94.

• Pulling up the index: TPB (+0.51); HPG (+0.45); GVR (+0.43); HDB (+0.4); VIB (+0.35).

• Pulling the index down: GAS (-0.46); VNM (-0.39); VIC (-0.27); LGC (-0.27); MBB (-0.18).

• The matched value of VN-Index reached VND 13,749 billion, -5.58% compared to the previous session. The total trading value reached 15,217 VND billion.

• Amplitude is 14.17 points. The market has 227 gainers, 78 reference codes and 190 losers.

• Foreign net-selling value: VND -731.21 billion on HOSE, including VNM (-169.5 billion), HPG (-145.9 billion) and VIC (-51.3 billion). Foreigners were net sellers on the HNX with a value of -46.27 billion dong.