20210706_BSC_Vietnam Daily Review_EN_ Sudden sharp drop _TA _ LHG_Maintain Uptrend

Stock market: VNIndex remained in green from the beginning of the morning until the middle of the afternoon, but the strong selling pressure suddenly appeared at the end of the session, causing the index to move to close to the threshold of 1350. Investment cash flow declined with most sectors dropping. Meanwhile, foreign investors were net buyers on the HSX and net sellers on the HNX. Besides, market breadth remained negative with liquidity not much different from the previous session. According to our assessment, bottom-fishing demand may still appear in the coming sessions and help VNIndex recover back to above 1370 level.

Future contracts: All futures contracts are in a decreasing status in agreement with the trend of the VN30 index. Investors can consider buying with a target price around 1570 points for all contracts.

 

Covered warrants:  In the trading session on July 6th 2021, covered warrants and underlying stocks were mostly in red. Trading value decreased sharply compared to the previous session.

 

 

Technical analysis: LHG_Maintain Uptrend

(Please go to page 2 for buy/sell status of stocks and page 6 for Blue chip stocks information)

 

• VN-Index -56.34 points, closed at 1354.79. HNX-Index -9.25 points, closed at 318.51.

• Pulling up the index: GAS (+1.36); BID (+1.26); VCB (+1.09); GVR (+0.65); NVL (+0.59).

• Pulling the index down: VIC (-0.72); TCB (-0.64); VHM (-0.52); VNM (-0.44); BVH (-0.36).

• The matched value of VN-Index reached VND 21,577 billion, -19% compared to the previous session. The total trading value reached VND 28,673 billion.

• Amplitude is 64.2 points. The market has 59 gainers, 19 reference codes and 350 losers.

• Foreign net-buying value: VND 46.68 billion on HOSE, include VHM (86.4 billion dong), VCB (76 billion dong) and MBB (61.7 billion dong). Foreigners were net sellers on the HNX with a value of -13.64 billion dong.