20190904_BSC_Vietnam Daily Review_EN_Continued to adjust_TA_TCB_ Positive signals

Market outlook 
Following yesterday's decline, the VN-Index opened in the red while pillar bluechips such as VCB, SAB, and VJC continued to be under selling pressure and the main factor dragging the index away from the reference level. mat. However, in the afternoon, the decline was narrowed thanks to VHM, GAS, and MSN expanding the increase range. The market dropped in contrast to the general trend of the regional market along with a slight increase in liquidity, though still at a low level. Given the lack of supportive information, the same corrections may continue this week and it is likely that the index will test 975 points again.

Future contracts: Future contracts diverged in term of price with VN30. By the end of the session, all of the contracts increased. Investors should prioritize buying with target price around 890 points for medium-long term contracts.
Covered warrants: In the trading session on September 04, 2019, coverred warrant market was negative, while underlying securities diverged in term of price. Trading volume decreased. PNJ is accumulating around price of 82. Liquidity decreased, signaling possibility of short-term downward corection. Technical indicators also showed signal for decline of PNJ, creating downward pressure on its coverred warrant in the coming sessions.

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

Highlights
• VN-Index -1.73 points, closing at 977.63. HNX-Index -0.45 points, closing at 100.95.
• Pulling up the index: VHM (+1.41); MSN (+0.35); GAS (+0.34); TCB (+0.31); MBB (+0.12).
• Pulling the index down: SAB (-1.64); VIC (-0.59); VCB (-0.54); VPB (-0.35); HVN (-0.35).
• The matched value of VN-Index reached 2,491.98 billion, + 1% compared to the previous session.
• The trading band is 6.54 points. The market has 129 gainers and 188 losers.
• Foreign investors' net selling value: VND 34.12 billion on HOSE, including HPG (42.67 billion), VCB (15.18 billion) and VRE (11.48 billion). Foreigners were net sellers on the HNX with a value of VND 17.76 billion.