20190906_BSC_Vietnam Daily Review_EN_A bleak market_TA_ SBT_ Double bottom pattern

Market outlook 
Despite a slight recovery at the beginning of the session, increasing selling pressure on blue-chips such as VHM, BID, VCB and VIC quickly pulled VN-Index below the reference level in the morning. In the afternoon, the declining momentum was maintained and the index dropped to support level of 975 points. The market continued to have a gloomy session opposite to the regional market with strong dropping liquidity. The highlight today mainly came from the strong net buying of foreign investors. In general, the market will still continue to struggle and fluctuate in the coming week as well as shaking sessions if the global situation has unpredictable fluctuations.

Future contracts: Except for VN30F2003, future contracts increased in contrast to VN30. Investors should prioritize buying with target price around 880 points for medium-term contracts.
Covered warrants: In the trading session on September 06, 2019 coverred warrants market was negative, while underlying securities were diverged in term of price. Trading volume increased. In the coming week, warrants market may fluctuate strongly when approaching the expiry date of CFPT1901, CHPG1901, CHPG1903, and CPNJ1901. VIC is accumulating around 121-123 after peaking at 125. Liquidity decrease, indicating possibility of further downward correction in the short term. Technical indicators also showed signal for decline of VIC, creating downward pressure on its coverred warrant in the coming sessions.

Technical analysis: SBT_ Double bottom pattern
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -2.71 points, closing at 974.08. HNX-Index -0.04 points, closing at 100.92.
• Pulling up the index: VNM (+0.41); GAS (+0.17); CTD (+0.10); MWG (+0.10); EIB (+0.07).
• Pulling the index down: VIC (-0.88); BID (-0.50); HVN (-0.34); VCB (-0.33); HPG (-0.24).
• The matched value of VN-Index reached 2,063.14 billion, -7.59% compared to the previous session.
• The trading band is 4.86 points. The market has 117 gainers and 175 losers.
• Foreign investors' net buying value: 304.46 billion on HOSE, including AST (274.2 billion), NVL (24.86 billion) and VRE (21.11 billion). Foreigners were net sellers on the HNX with a value of 0.69 billion.