20190730_BSC_Vietnam Daily Review_EN_Strong pressure to take profit_TA_ACV_ Positive signal

Market outlook 
VN-Index opened in the morning positively as it soon hit 1,000 points thanks to the strong buying force in blue-chips like VHM, VCB, SAB, VNM. However, increasing profit-taking pressure in stocks such as VHM, VIC, GAS, and BID in the afternoon led to the index dropping below reference level. The market had a struggling session against the general trend in the region. The lack of motivation to break out with strong net selling of foreign investors after the net buying chain made the index unable to conquer the psychological threshold of 1,000 points. Investors should trade cautiously when the market is still shaking in this price range and should only invest in good fundamental stocks that are showing signs of recovery.
Future contracts: Future contracts decreased following downward movement of VN30. However, investors can monitor and prioritize buying with a target price of 890-895 points for short-term contracts and 900-905 points for longer-term contracts.
Coverred warrants: In the trading session on July 30, 2019, the market was negative as the majority of coverred warrants decreased following downward momentum of underlying securities. Trading volume decreased strongly. Technical indicators showed signs of downward correction in most of the underlying securities. Selling force may continue in the coming sessions.

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

Highlights
• VN-Index -11.92 points, closed at 986.02. HNX-Index -0.86 points, closed at 104.43
• Pulling up the index: SAB (+0.58); TLG (+0.08); HAG (+0.04); VPI (+0.03); VHC (+0.02)
• Pulling down the index: VHM (-3.65); VIC (-1.87); GAS (-1.12); BID (-0.79); VRE (-0.61)
• The matching value of VN-Index reached VND 3,013.77 billion, +9.62% compared to the previous session.
• The trading range is 16.75 points. The market has 89 gainers and 207 losers.
• Net selling value of foreign investors: 177.38 billion on HOSE, including VJC (131.99 billion), HPG (32.58 billion) and VNM (23.22 billion). Like the recent sessions, they continued to be net sellers on HNX with the value of VND 49.21 billion.