20190812_BSC_Vietnam Daily Review_EN_A slight rebound session_TA_DGW_Midterm uptrend

Market outlook 
From the beginning of the morning, VN-Index showed signs of recovery thanks to the gain of blue-chips VJC, HPG, GAS. In the afternoon, due to the struggling of the market pillars, the index fluctuated around the reference level before regaining its rising status. The market has a slight recovery in accordance with the general trend in the region. The liquidity continued to decline along with the continuous net selling of foreign investors showed that this is only a temporary recovery in the short term. Investors should be cautious in dealing with the fluctuations of the US-China trade war as well as between Japan and South Korea and invest in industries that are less affected by foreign factors such as retail and IT.

Future contracts: Future contracts decreased following downward movement of VN30. Investors should prioritize buying with target price around 875 points for short-term contracts and around 880 points for long-term contract.
Covered warrants: In the trading session on August 12, 2019, the market was positive as the majority of coverred warrants increased following upward movement of underlying securities. Trading volume increased strongly. Technical indicators show short-term trend of recovery for HPG, creating momentum for its coverred warrants to increase in the coming sessions. Meanwhile, FPT approaches the upper level of the uptrend channel, and may encounter technical adjustment in the short term, creating downward pressure on their coverred warrants in the coming sessions.


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

Highlights
• VN-Index +0.97 points, closing 975.31. HNX-Index +0.03 points, closing 102.82.
• Pulling up the index: BID (+0.66); VJC (+0.46); HPG (+0.42); GAS (+0.39); MBB (+0.28).
• Pulling down the index: VCB (-0.87); SAB (-0.24); VNM (-0.20); VIC (-0.20); CTG (-0.16).
• The matching value of VN-Index reached VND 2,626.93 billion, -9.72% compared to the previous session.
• The trading range is 4.41 points. The market has 147 gainers and 153 losers.
• Net selling value of foreign investors: 18.09 billion on HOSE, including SGN (12.62 billion), VCB (11.47 billion) and PHR (9.35 billion). Foreign investors were net sellers on HNX with the value of 0.28 billion.