20190909_BSC_Vietnam Daily Review_EN_Weak liquidity_TA_ GTN_Potential Breakout

Market outlook 
The VN-Index repeated the movements of the previous trading days in the morning when recovered slightly at the beginning of the session and quickly fell back to the correction area under increasing selling pressure in VHM, TCB, VPB, GAS, BVH. The index stayed below the reference level in the afternoon session but gained slightly at the end thanks to the pull from blue-chips such as VIC, VNM, and PLX. The market had a struggling session around the reference level with low liquidity. In general, investors are still waiting for signals from the ECB meeting on September 12 or the Fed on September 17.

Future contracts: All contracts were unchanged in the first session of the week. Investors should prioritize selling and buying back with target price around 880 points for medium-term contracts.
Covered warrants: In the trading session on September 09, 2019, the market was negative as the majority of coverred warrants decreased following downward movement of underlying securities. Trading volume increased. MBB is in a trend of downward correction after failing to surpass resistance at 23.5. Liquidity decrease, indicating possibility of further decrease in the short term. Technical indicators also showed signal for decline of MBB, creating downward pressure on its coverred warrants in the coming sessions.

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

Highlights
• VN-Index +0.04 points, closing at 974.12. HNX-Index -0.07 points, closing at 100.85.
• Pulling up index: VIC (+1.50); VNM (+0.88); PLX (+0.46); VJC (+0.38); FPT (+0.18).
• Pulling the index down: TCB (-0.50); VHM (-0.39); GAS (-0.39); HVN (-0.38); NVL (-0.22).
• The matched value of VN-Index reached 2,141.09 billion, + 3.7% compared to the previous session.
• The trading band is 2.56 points. The market has 111 gainers and 196 losers.
• Foreign investors' net buying value: 360.98 billion on HOSE, including VJC (354.07 billion), GEX (16.08 billion) and PLX (15.96 billion). Foreigners were net sellers on the HNX with a value of 8.80 billion.