20190805_BSC_Vietnam Daily Review_EN_Strong adjustment_TA_MPC_ Rebound

Market outlook 
Following the decline trend of the previous session, VN-Index opened in red due to strong selling pressure on blue-chips like VIC, VHM, VCB, GAS. In the afternoon, weak support of MWG and ROS codes was also erased by the widening decline momentum of the Vin family as well as other large-cap stocks. The market had a negative trading session following the general trend in the region when concerns about the possibility of a re-outbreak of the Sino-US trade war were underpinned by Chinese central bank's move to adjust the exchange rate. Investors should be cautious when trading at this time because the market's fluctuations can continue in the coming sessions.

Future contracts: Future contracts decreased following downward movement of VN30. Investors should prioritize buying with target price around 880-885 points for short-term contracts and buying with target price around 890 points for longerer term contracts.

Coverred warrants: In the trading session on August 5, 2019, the market was negative as the majority of coverred warrants decreased, although underlying securities diverged in term of price. Trading volume increased strongly. Technical indicators showed extended uptrend for underlying securities FPT and PNJ, creating momentum for their coverred warrants to increase in the coming sessions.

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

Highlights
• VN-Index -17.95 points, closing 973.15. HNX-Index -0.8 points, closing 102.91.
• Pulling up the index: MWG (+0.2); VCF (+0.11); ROS (+0.10); TPB (+0.09); DHG (+0.08).
• Pulling down the index: VHM (-4.76); VIC (-4.37); VCB (-1.86); GAS (-1.13); VNM (-1.03).
• The matching value of VN-Index reached VND 3,370.25 billion, + 3.36% compared to the previous session.
• The trading range is 15.84 points. The market has 117 gainers and 204 losers.
• Net selling value of foreign investors: 290.12 billion dong on HOSE, including VJC (62.78 billion), HPG (56.99 billion) and VRE (44.29 billion). Foreign investors were net sellers on HNX with the value of VND 15.38 billion.