20190827_BSC_Vietnam Daily Review_Volatility of ATC session_TA_QNS_ Rebound signal

Market outlook 
The market in the morning session was quite positive because of the cooling signal of the US-China trade war. However, the selling pressure in the afternoon from Bluechips like BVH, FPT, HPG, and MSN negatively affected the market, dragging the VN-Index down to 976.79 points. The restruction of the iShare MSCI Frontier 100 ETF is said to be the main cause of the negative performance of some Bluechips in the ATC session. Besides, the liquidity dropped slightly and foreign investors saw another net selling was bad points today. In the market, there has been no sure signal of trade war, so investors should maintain a cautious trading strategy in the coming sessions.

Future contracts: Future contracts all simultaneously declined following to the common trend of today session. Investors should prioritize selling and buying back with target price around 880 points for mid-term contracts.
Covered warrants: In the trading session on August 27, 2019, the majority of covered warrants declined. FPT is accumulating at the price level of 53 after setting a historic peak at 55. Liquidity tends to decrease, signaling the possibility of price adjustment in the short term. However, the technical indicators also support this situation, it is likely that its covered warrants will have a downward pressure in the coming sessions.

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

Highlights
• VN-Index -6.09 points, closed 976.79. HNX-Index +0.05 points, closing 102.86.
• Pulling up the index: VHM (+0.69); GAS (+0.22); VPB (+0.22); TCB (+0.20); POW (+0.17).
• Pulling down index: VIC (-2.24); VCB (-1.40); VNM (-0.76); SAB (-0.62); HVN (-0.58).
• VN-Index matching value of 3,308.8 billion, -0.3% compared to the previous session.
• The trading range is 11.7 points. The market has 136 gainers and 170 losers.
• Foreign net selling value: VND 77.64 billion on HOSE, including VNM (VND 49.17 billion),VCB (VND 31.58 billion) and HPG (VND 22.52 billion). Foreign investors were net sellers on HNX with the value of VND 9.84 billion.