20190801_BSC_Vietnam Daily Review_EN_Maintaining the momentum_TA_KDH_Breakout

Market outlook 
Like previous days, VN-Index struggled in the early morning before rebounding strongly thanks to the strong buying force of pillar stocks like VIC, VHM, and VNM. In the afternoon session, the Vin duo continued to support the index, widening the gaining trend. The market had a positive trading session with improved liquidity mainly thanks to the Fed's decision to cut interest rate by 0.25%. Inheriting this positive movement, VN-Index is likely to retest the psychological threshold of 1,000 points in the coming sessions.
Future contracts:Future contracts diverged from the movement of VN30. Majority of future contracts decreased slightly compared to the previous session. Investors should prioritize selling around 882-883 points with short-term contracts and should prioritize buying with target price around 891 points for longer-term contracts.
Coverred warrants: In the trading session on August 1, 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 medium term in the majority of the underlying securities. Purchasing power may decrease in the next few sessions.

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

Highlights
• VN-Index +5.73 points, closing 997.39. HNX-Index -0.55 points, closing 103.88.
• Pulling up the index: VIC (+2.41); VHM (+2.32); VNM (+0.51); SAB (+0.47); NVL (+0.42)
• Pulling the index down: GAS (-0.44); CTG (-0.37); HVN (-0.18); PLX (-0.17); POW (-0.13)
• The matching value of VN-Index reached VND 2,892.63 billion, + 6.92% compared to the previous session.
• The fluctuation range is 6.51 points. The market has 149 gainers and 155 losers.
• Net selling value of foreign investors: VND 99.43 billion on HOSE, including VJC (27.18 billion), STB (20.57 billion) and VNM (17.01 billion). Foreign investors were net sellers on HNX with the value of VND 4.74 billion.