20190711_BSC_Vietnam Daily Review_EN_Maintaining the momentum_TA_VRE - Wait for a breakout

Highlights
• VN-Index increased in the morning session, in the afternoon session the gaining momentum was widened
• Stocks contributed to VN-Index upward momentum including VCB (+1.67 points); BID (+1.09 points); CTG (+0.62 points); TCB (+0.31 points); GAS (+0.22 points)
• Stocks made the market decline including MSN (-0.57 points); VIC (-0.29 points); VHM (-0.29 points); MWG (-0.05 points); PPC (-0.03 points)
• The matching value of VN-Index today reached VND 2,702.3 billion, a decline of 3.34% from yesterday session. Today's trading range is 4.99 points. The market has 171 gainers and 128 losers.
• At the end of today's trading session, VN-Index increased 4.98 points to close at 978.63 points. At the same time, HNX-Index increased 0.87 points to 106.01 points.
• Foreign investors today bought a net of VND 115.05 billion on HOSE, focusing on VCB (31.28 billion), CTD (27.87 billion) and NVL (21.04 billion).  In addition, they bought a net of VND 22.99 billion on HNX

Market outlook
In the morning, the VN-Index increased due to the buying force focused on banking bluechips such as VCB, BID, CTG as well as GAS, SAB. In the afternoon session, the gaining momentum was widened thanks to the increasing buying power of VCB, BID, CTG, and TCB. Foreign investors were net buyers on all three exchanges. FED's signal to cut interest rate has a positive effect on the stock market worldwide. Inheriting this effect, VN-Index also increased slightly and will test the psychological resistance of 980 points in the next sessions.

Technical analysis
VRE - Wait for a breakout
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)