20190802_BSC_Vietnam Daily Review_EN_Negative mentality_TA_TCM_Solid rebound

Market outlook 
In the morning, VN-Index dropped strongly because the selling pressure increased on blue-chips like VHM, VIC, GAS, and VCB. In the afternoon session, the index showed sign recovery and remained at 990 points thanks to the pull of VPB, BID, and NVL. The market had a gloomy session following the general trend in the region with President Trump's statement of imposing a 10% tax on 300 billion USD of Chinese goods starting September 1. Besides, the fact that some investment funds under VN30 exchange their portfolio to prepare for changes in VN30 basket also made the market fluctuate today. With the return of trade war tension, market cash flow is likely to flow into stocks that benefit from trade war (Textile, Port and Industrial Park). BSC recommends investors should only monitor and open positions with good fundamental stocks of the above groups.

Future contracts: Future contracts decreased following downward movement of VN30. 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 2, 2019, the market was negative as the majority of coverred warrants decreased following downward momentum of underlying securities. Trading volume decreased. Technical indicators showed trend of accumulation in medium term in the majority of the underlying securities. Coverred warrant market may continue to struggle in the coming sessions.

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

Highlights:
• VN-Index -6.29 points, closing 991.10. HNX-Index -0.18 points, closing 103.70.
• Pulling up the index: VPB (+0.41); BID (+0.36); NVL (+0.25); PNJ (+0.15); FPT (+0.09)
• Pulling down the index: VIC (-1.86); VCB (-1.52); GAS (-1.28); VRE (-0.51); HVN (-0.49)
• The matching value of VN-Index reached VND 3,260.59 billion, + 12.72% compared to the previous session.
• The fluctuation range is 5.7 points. The market has 144 gainers and 169 losers.
• Foreign net selling value: VND 201.61 billion on HOSE, including VJC (109.4 billion), HPG (46.02 billion) and BVH (42.83 billion). Foreign investors were net buyers on HNX with the value of VND 6.52 billion.