20190708_BSC_Vietnam Daily Review_EN_Pressure to take profits_TA_PVT_Solid uptrend

Highlights
• VN-Index decreased slightly in the morning session. In the afternoon session, the declining momentum was widened 
• Stocks contributed to VN-Index upward momentum including HVN (+0.30 points); HNG (+0.22 points); SAB (+0.19 points); VRE (+0.03 points); PPC (+0.03 points).
• Stocks made the market decline including VHM (-2.90 points); VCB (-1.41 points); VNM (-1.02 points); VIC (-0.69 points); TCB (-0.46 points).
• The matching value of VN-Index today reached VND 2,684.2 billion, a decline of 1.02% from yesterday session. Today's trading range is 8.99 points. The market has 108 gainers and 189 losers.
• At the end of today's trading session, VN-Index decreased 8.99 points to close at 966.35 points. At the same time, HNX-Index decreased 0.57 points to 103.81 points.
• Foreign investors today bought a net of VND 192.28 billion on HOSE, focusing on PLX (76.03 billion), DGW (29.25 billion) và KBC (21.27 billion).  In addition, they bought a net of VND 0.43 billion on HNX

Market outlook
In the morning, the VN-Index decreased due to the selling force focused on bluechips such as VHM, VNM, VCB, TCB, MSN. In the afternoon session, the declining momentum was widened due to pressure to take profits were strengthening on key stocks. From BSC's point of view, after two consecutive gaining sessions, the market had a corrective session with lowered liquidity. Investors' trading sentiment was less optimistic when US economic data did not support FED's interest rate lowering policy in July and Deustche Bank's restructuring activities could put pressure on global market; even though the X-tracer FTSE Vietnam Swap ETFs fund will not be negatively affected by this event but on the contrary may benefit more in the future. BSC expects VN-Index will continue to move in the price range of 960-980 in the next sessions in the period of waiting for FED's decision on interest rate.

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