20190830_BSC_Vietnam Daily Review_EN_Positive psychology_TA_ CTR_ Retracement

Market outlook 
Right from the beginning of the morning, VN-Index had positive movements thanks to the buying force focused on the Vin stocks, namely VHM, VIC as well as banking blue-chips like VCB and BID. In the afternoon, the index still maintained the gain thanks to VHM, VCB, and VIC, extending the gain range. The market had a positive session following the general trend in the region with a slight increase in liquidity. The upward momentum of the market mainly came from a statement by the Chinese Ministry of Commerce's spokesman, saying that China is ready to negotiate with the US with a calm attitude, thereby partly easing investor sentiment under the pressure of the trade war.

Future contracts: Future contracts increased following upward movement of VN30. Investors should prioritize selling and buying back with target price around 878 points for short-term contract, and prioritize buying with target price around 895 points for medium-term contracts..
Covered warrants: In the trading session on August 30, 2019, coverred warrants were diverged in term of price. Majority of underlying securities increased. Trading volume decreased. MWG is accumulating around price range of 113-117 after peaking at 120. 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: CTR_ Retracement
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +5.47 points, closing at 984.06. HNX-Index +0.38 points, closing at 102.32.
• Pulling up the index: VIC (+0.99); VHM (+0.99); VCB (+0.99); BID (+0.87); MWG (+0.25).
• Pulling the index down: MBB (-0.15); HNG (-0.09); VPB (-0.07); EIB (-0.07); HDB (-0.07).
• The matching value of VN-Index reached 2,609.82 billion, +4.65% compared to the previous session.
• The trading band is 4.62 points. The market saw 189 gainers and 131 losers.
• Foreign net buying value: 31.71 billion on HOSE, including VNM (22.90 billion), VHM (11.37 billion) and NVL (9.47 billion). Foreigners were net buyers on the HNX with a value of 0.46 billion.