20190913_BSC_Vietnam Daily Review_EN_SBV reduced interest rates, the market rallied_TA_ BID_Towards the historic peak

Market outlook 
In the morning, despite struggling, VN-Index was still in green as the buying power increased at VCB, GAS, and TCB. In the afternoon, the index widened the gaining band when Banking blue-chips like VCB, BID, CTG, and TCB gained impressively. Inheriting the flourishes of regional indices, the market had a positive session with significantly improved liquidity. In addition to the impact of the quantitative easing policy of the ECB, the announcement of the State Bank of Vietnam on reducing the operating interest rate also brought positive expectations about interest rate cuts in line with the general trend of the world.

Future contracts: Future contracts increased strongly following upward movement of VN30. Movement of liquidity and open interest position reflected increased expectation for price increase in long-term.
Covered warrants: In the trading session on September 13, 2019, overred warrants were diverged in term of price. Majority of underlying securities increased. Trading volume decreased.

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

Quick report: SBV reduced offical interest rates (Page 3)

Highlights
• VN-Index +11.15 points, closed at 987.22. HNX-Index +1.08 point, closed at 102.20.
• Pulling up the index: VCB (+2.68); BID (+1.23); VHM (+1.09); GAS (+0.96); VIC (+0.88).
• Pulling the index down: HNG (-0.14); LGC (-0.14); MSN (-0.10); YEG (-0.03); VSH (-0.02).
• The matched value of VN-Index reached 3,334.36 billion, + 19.9% compared to the previous session.
• The trading band is 11.27 points. The market has 162 gainers and 135 losers.
• Foreign net selling value: 33.41 billion on HOSE, including VNM (30.07 billion), VRE (29.13 billion) and SSI (25.79 billion). Foreigners were net buyers on HNX with the value of 0.09 billion.