20210408_BSC_Vietnam Daily Review_EN_A corrected session_TA_ TNG_Positive Signal_Update Textile

Stock market: After eight consecutive gaining sessions, the VN-Index corrected in the 5th session. Cash flow out of the market when only 8 out of 19 sectors gained. Liquidity fell slightly together with negative market breadth reflecting short-term profit-taking pressure on the market. Foreigners were net sellers on the HSX while they were net buyers on the HNX. Although the VN-Index corrected slightly, the market can quickly rise again when the domestic cash flow has not weakened and the net selling value of foreign investors is still low. BSC recommends investors to open positions or increase the proportion of some good fundamental stocks in this short-term correction.

 

Future contracts: All futures contracts are in a decreasing status in agreement with the trend of the VN30 index. Investors can consider selling with a target price around 1240 points for short-term contracts.

 

Covered warrants: In the trading session on April 8th 2021, covered warrants and underlying stocks had a differentiation in status. Trading value decreased sharply compared to the previous session.

 

Technical analysis: TNG_Positive Signal

(Please go to page 2 for buy/sell status of stocks and page 5 for Blue chip stocks information)

 

• VN-Index -7.49 points, to close 1,234.89 points. The HNX-Index +0.91 points to close at 293.75 points.

• Dragging the index up: GVR (+0.32), GEX (+0.16), DIG (+0.13), NVL (+0.13), DXG (+0.12)

• Pulling the index down: VIC (-2.43), VCB (-1.88), BID (-0.80), VIB (-0.62), SAB (-0.46).

• The matched value of VN-Index reached VND 13,202 billion, -4.6% from the previous session. The total trading value reached VND 14,520 billion.

• The amplitude of variation is 14.14 points. There were 167 gainers, 74 ucnhanged and 233 losers.

• Foreign investors' net selling value: -12.85 billion dong on HOSE, including BID (VND -37.7 billion), VNM (VND -30.2 billion), and KDH (VND -30.2 billion). Foreigners were net buyers on the HNX with the value of VND 28.16 billion.