20190731_BSC_Vietnam Daily Review_EN_Rebound session_TA_MSN_ Rebound

Market outlook 
In the morning, VN-Index struggled around reference level before rebounding again with the pull from blue-chips like VHM, GAS, and VRE. In the afternoon, the gaining trend was widened thanks to the strong buying force of three Vin stocks like VHM, VRE, VIC. The market today recovered after a strong correction the previous day with foreign investors returning to net buy on all three floors. Liquidity has not shown any breakthrough signal that investors are still quite cautious about the concerns that the Sino-US negotiations will not have any new progress, especially after President Trump's accusations on Twitter as well as The possibility that the Fed will make a decision to cut interest rates on August 1.
Future contracts: Future contracts increased following upward movement of VN30. Investors should prioritize selling around 885 points with short-term contracts and should prioritize buying with target price around 895 points for longer-term contracts.
Coverred warrants: In the trading session on July 31, 2019, the market was positive as the majority of coverred warrants increased following upward momentum of underlying securities. Trading volume increased slightly. Technical indicators showed trend of accumulation in the shor-term in the majority of the underlying securities. Purchasing power may decrease in the next few sessions.

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

Highlights
• VN-Index +5.64 points, closing 991.66. HNX-Index +0.00 points, closed 104.43.
• Pulling up the index: VHM (+4.35); HPG (+0.89); VRE (+0.77); BID (+0.51); MWG (+0.41).
• Pulling down index: VIC (-0.49); VCB (-0.44); SAB (-0.37); BVH (-0.26); NVL (-0.19).
• The matching value of VN-Index reached VND 2,705.22 billion, -10.24% compared to the previous session.
• The trading range is 10.76 points. The market has 150 gainers and 167 losers.
• Foreign investors' net buying value: 7.48 billion dong on HOSE, including HPG (54.89 billion), VRE (30.22 billion) and VHM (28.27 billion). Foreign investors were net buyers on HNX with the value of VND 9.67 billion.