20190829_BSC_Vietnam Daily Review_EN_A sudden reversal_TA_ VNM_ Uptrend

Market outlook 
From the beginning of the morning, VN-Index had opened gloomy with the selling focused on stocks such as VHM and VRE. Most of the afternoon, the index moved below the reference level before breaking out at the end of the day thanks to blue-chips like VNM, VIC, BID, SAB. The highlight came from the net buying on all three exchanges of foreign investors. The market had a volatile session with low liquidity, indicating that domestic cash flow was still out of the market. However, with the introduction of covered warrant with base stocks such as VIC and VRE, the market will have more positive changes in liquidity.

Future contracts: Future contracts increased following upward movement of VN30. Investors should still prioritize buying with target price around 885 points for medium-term contracts.
Covered warrants: In the trading session on August 29, 2019, the market was positive as the majority of coverred warrants increased following upward movement of underlying securities. Trading volume increased. MBB is accumulating around 23.5 after a breakthrough session earlier this week. Liquidity decreased, signaling possibility of price adjustment in the short term. Technical indicators also show signs of downward correction, creating downward pressure on its coverred warrant in the coming sessions.

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

Highlights
• VN-Index +1.33 points, closing at 978.59. HNX-Index -0.38 points, closing at 101.94.
• Pulling up the index: VNM (+1.91); VIC (+0.49); BID (+0.30); SAB (+0.19); HVN (+0.18).
• Pulling the index down: GAS (-1.02); BVH (-0.25); VRE(-0.24); VCB (-0.21); HNG (-0.09).
• The matched value of VN-Index reached 2,493.78 billion, + 2.92% compared to the previous session.
• The fluctuation band is 5.44 points. The market has 134 gainers and 154 losers.
• Foreign investors' net buying value: 6.33 billion on HOSE, including VNM (37.08 billion), NVL (27.66 billion) and PVD (13.32 billion). Foreigners were net buyers on the HNX with a value of 2.79 billion.