20200908_BSC_Vietnam Daily Review_EN_Accumulated at 890 points_ ANV_Uptrend

Stock market: After yesterday correction, the market moved sideways around 890 points during the whole session. Investment cash flow returned to the market when 17/19 sectors increased but the liquidity decreased sharply compared to the previous session. Moreover, foreign investors returned to net sell strongly on Bluechips on HSX. These two factors can make the market continue to accumulate at 880-890 points in the short term. Investors should limit trading in this period until the trend of VN-Index shows positive signs.

 

Future contracts: All future contracts increased in agreement with the general trend of the index. Investors should hold long position with target price around 844.5 points for the short – term contracts.

 

Covered warrants: In the trading session on September 08, 2020, majority of coverred warrants decreased in contrast with underlying securities. Trading value decreased strongly. 

 

Technical analysis: ANV_Uptrend

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

 

• VN-Index +1.89 points, to close at 890.14 points. HNX-Index -0.63 points, closing 124.80 points.

• Contributing to the indexes: BCM (+0.99); CTG (+0.56); VRE (+0.39); MWG (+0.36); GVR (+0.34).

• Dragging the index down: VCB (-1.15); VIC (-0.95); VNM (-0.88); VHM (-0.57); SAB (-0.18).

• The matched value of the VN-Index reached VND 4,766 billion,  -19.6 percent from the previous session.

• The fluctuation range was 9.7 points, narrower than the previous session. There were 213 gainers, 61 unchange stocks and 107 losers.

• Foreign investors' net selling value: VND -425.82 billion on HOSE, including VIC (VND -107.6 billion), VNM (VND -76.1 billion) and VCB (VND -75.2 billion). Foreigners were net buyers on the HNX with the value of VND 0.78 billion.