Daily Highlight – August 22, 2016 – Vn-Index -4.60 points [657.68]

22/08/2016 15:33

Loại báo cáo: Báo cáo Asean Securities
Nguồn báo cáo: Công ty cổ phần chứng khoán Đông Nam Á
CORPORATE NEWS
FPT: SCIC Investment registered to purchase 1,000,000 shares
CDO: Chairman of the BOD registered to purchase 500,000 shares
VNM: SCIC Investment registered to purchase 600,000 shares
TAG: Member of the BOD registered to purchase 350,000 shares

VIETNAM MACROECONOMIC NEWS
Vietnamese footwear industry: big turnover, small profits
Sugarcane industry faces challenge from climate change
August 22: The central rate of VND/USD is VND 21,875 per US dollar, up VND19 from yesterday
August 22: The buying and selling prices of SJC gold touched VND36,50 million and VND36,58 million, respectively

INTERNATIONAL NEWS
August 19: The Dow industrials fell 45.13 percent, to 18,552.57
August 19: U.S. crude oil rose 0.6 percent, to settle at $48,52

FOREIGNER TRADING STATISTICS
Today, foreigners were net-sellers for VND111.54 billion on both HOSE and HNX. On HOSE, foreign investors net sold VND130.57 billion. On HNX, foreign investors registered their net-buying status for VND19 billion. Foreigners’ top buying shares on HNX were PVS (780,000 shares), KHB (105,000 shares), BVS (81,700 shares), API (81,200 shares) and NET (17,800 shares). Foreigners’ top selling on HNX shares were VNR (70,000 shares), VGS (48,100 shares), CTA (45,700 shares), VCG (30,000 shares) và KLF (15,800 shares).

TECHNICAL ANALYSIS
Analysis: Based on the moving of technical indicators, we believe that Vn-Index will test the nearest resistance range 680 – 700.
Recommendation:
In a negative scenario, when the index may correct, the nearest support range of Vn-Index is forecast at 640 – 660, where traders can take T+ buying for the short-term position.
In a positive scenario, when the index may rebound, the nearest resistance range of Vn-Index is forecast at 680 – 700, where traders can sell a part of the existing short-term portfolio.
Based on Kelly formula, the recommended proportion of the portfolio is 30% cash/ 70% stocks.

INDUSTRY PERFORMANCE
Real estate [-1.14%], Rubber [-0.11%], Securities [-1.02%], Technology [+0.17%], Oil & Gas [-0.75%],…

Please see the attached file for more details.