20190910_BSC_Vietnam Daily Review_EN_Declining session_TA_ GMD_Downtrend

Market outlook 
Although VN-Index recovered slightly from the beginning of the morning, the selling pressure of VCB, MSN, and NVL couldn't seem to delay the increasing selling pressure from SAB, VHM, and VNM blue-chips. In the afternoon, the index mainly moved below reference level and ended at 970.26 points. The market had a volatile session that went against the regional trend. The liquidity improved but was still low, showing that the investors' psychology is still cautious, although there is a slight improvement.

Future contracts: Future contracts decreased following downward movement of VN30. Investors should prioritize buying with target price around 890 points for short-term contracts.
Covered warrants: In the trading session on September 10, 2019, the market was negative as the majority of coverred warrants decreased following downward movement of underlying securities. Trading volume decreased. MSN is increasing after touching support level of 74. Iimprovement in liquidity in recent sessions can create momentum for short-term recovery. Besides, technical indicators also showed signal for increase of MSN, creating momentum for its coverred warrant to increase in the coming sessions.

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

Highlights
• VN-Index -3.86 points, closing at 970.26. HNX-Index -0.88 points, closing at 99.97.
• Pulling up the index: MSN (+0.75); VCB (+0.55); BID (+0.20); NVL (+0.14); TCH (+0.08).
• Pulling the index down: VIC (-0.59); SAB (-0.56); BVH (-0.54); GAS (-0.45); HVN (-0.43).
• The matched value of VN-Index reached 2,786.92 billion, +30.2% compared to the previous session.
• The trading band is 9.08 points. The market has 107 gainers and 201 losers.
• Foreign investors' net buying value: 57.80 billion on HOSE, including PLX (28.48 billion), NVL (24.12 billion) and PC1 (10.64 billion). Foreigners were net sellers on the HNX with a value of 53.88 billion.