20190905_BSC_Vietnam Daily Review_EN_Last minute decline_TA_MSN_ Solid accumulation

Market outlook 
VN-Index opened the morning session with a slight recovery from the pull of banking blue-chips like VCB, TCB, BID. In the afternoon, the index maintained the gaining trend thanks to SAB, TCB, and VCB before dropping to below reference level in ATC session. The market saw a fluctuating session in contrast with the regional trend when foreign investors were net sellers on all three exchanges. Although there have been optimistic signals about the time to restart the Sino-US negotiations in October or geopolitical tensions in Hong Kong somewhat cooled down, the strong drop in liquidity showed that investors still maintained their cautious sentiment and cash flow is still outside the market.

Future contracts:
Future contracts diverged in term of price. VN30F1909 and VN30F1912 decreased, while VN30F1910 and VN30f2002 increased. Investors should prioritize selling and buying back with target price around 880 points for all future contracts.
Covered warrants: In the trading session on September 05, 2019, the market was negative as the majority of coverred warrants decreased following downward movement of underlying securities. Trading volume decreased. HPG is in a prolonged downtrend. Liquidity to decrease, indicating possibility of further price decrease in the short term. Technical indicators also showed signal for decline of HPG, creating downward pressure on its coverred warrants in the coming sessions.

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

Highlights
• VN-Index -0.84 points, closed at 976.79. HNX-Index +0.02 points, closed at 100.96.
• Pulling up the index: SAB (+0.77); TCB (+0.52); VPB (+0.33); VCB (+0.33); ROS (+0.14).
• Pulling the index down: VNM (-0.91); VIC (-0.39); MBB (-0.25); MWG (-0.22); MSN (-0.17).
• The matched value of VN-Index reached 2,232.52 billion, -10.41% compared to the previous session.
• The trading band is 4.88 points. The market has 130 gainers and 172 losers.
• Foreign net selling value: 116.19 billion on HOSE, including VNM (34.07 billion), HDB (12.68 billion) and VCB (10.22 billion). Foreigners were net sellers on the HNX with a value of 7.25 billion.