20190819_BSC_Vietnam Daily Review_EN_Maintaining the 980 point mark_TA_PPC_Double bottom model

Market outlook 
Inheriting positive movements from the previous sessions, right from the morning, VN-Index was in green thanks to increasing buying pressure on GAS, BID, and VNM. In the afternoon, with the strong differentiation of Banking stocks, the index's gain was narrowed. The market has a slight gaining session following the general trend in the region. The noticeable point in today's trading session was that foreign investors returned to net buy nearly 900 billion. However, the falling of liquidity also showed that the market's rally in this period is not really sustainable.

Future contracts: Future contracts’ movement diverged from VN30’. Except for VN30F2003, other contracts increased. Investors should prioritize buying at target price around 890 points for short-term contracts and around 885 points for longer-term contracts.
Covered warrants: In the trading session on August 19, 2019, the market was negative although the majority of underlying securities increased. Trading volume decreased strongly. PNJ and FPT accumulated after hitting the upper limit of uptrend channel around 86 and 52 respectively. Technical indicators also showed signal for decline of PNJ and FPT, creating downward pressure on its coverred warrants in the coming sessions.

Technical analysis_PPC_ Double bottom model
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +1.03 points, closing 981.03. HNX-Index +0.24 points, closing 102.58.
• Pulling up the index: BID (+0.72); VHM (+0.70); GAS (+0.51); VNM (+0.41); BVH (+0.12).
• Pulling down the index: VCB (-1.18); TCB (-0.35); MBB (-0.21); HNG (-0.14); VIC (-0.09).
• The matching value of VN-Index reached VND 2,440.2 billion, -35% compared to the previous session.
• The fluctuation range is 5.78 points. The market has 142 gainers and 147 losers.
• Net buying value of foreign investors: VND 881.19 billion on HOSE, including VIC (937.96 billion), VNM (36.43 billion) and MSN (6.73 billion). Foreign investors were net sellers on HNX with the value of VND 5.45 billion.