20190719_BSC_Vietnam Daily Review_EN_Liquidity improved_TA_DRC_ Short-term recovery

Highlights
• VN-Index increased in the morning session, in the afternoon session the gaining momentum was maintained.
• Stocks contributed to VN-Index upward momentum including VCB (+2.93 points); VNM (+1.20 points); VIC (+1.20 points); MSN (+0.67 points); VRE (+0.56 points).
• Stocks made the market decline including SAB (-1.27 points); GAS (-0.67 points); HPG (-0.27 points); BVH (-0.26 points); POW (-0.20 points).
• The matching value of VN-Index today reached VND 3,618.9 billion, an increase of 29.04% from yesterday session. Today's trading range is 8.00 points. The market has 156 gainers and 143 losers.
• At the end of today's trading session, VN-Index increased 6.29 points to close at 982.34 points. At the same time, HNX-Index increased 0.33 points to 107.07 points.
• Foreign investors today sold a net of VND 146.66 billion on HOSE, focusing on VCB (53.72 billion), PLX (49.75 billion) and KBC (31.39 billion).  In addition, they sold a net of VND 24.66 billion on HNX.


Market outlook 
In the morning, the VN-Index increased due to the buying force focused on banking bluechips such as VCB, EIB, CTG and stocks such as VIC, VNM. Thanks to the impressive breakthrough of VCB, VIC, VNM in the afternoon, the index closed at 982.34 points. The market recovered after a strong correction session yesterday due to positive signals from key members of the Fed about the possibility of interest rate cut in the upcoming July meeting. Strongly improving liquidity is a signal that cash flow has returned to the market. The VN-Index may continue to test the psychological threshold of 985 next week.



Technical analysis
DRC_ Short-term recovery
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)