20190923_BSC_Vietnam Daily Review_EN_Suddenly reversing_TA_TCM_ Positive signal

Market outlook 
Right from the beginning of the morning, VN-Index saw positive movements as it moved mainly above reference level thanks to the recovery of blue-chips like VNM, VCB, and GAS. In the afternoon, the index stayed in green for most of the trading time before suddenly reversing and losing the 990 point mark when Banking stocks corrected. Market fluctuated in sync with the main trend in the region. The spotlight today came from the net buying of foreign investors on all three exchanges again. Liquidity decreased although still maintained at a low average level, showing that investors are still quite cautious in the face of the fact that the results of trade talks between the US and China at the deputy minister level last week have not shown any signs of positive progress.

Future contracts: Except for VN30F2003, future contracts decreased following downward movement of VN30. Investors should prioritize selling and buying back with target price around 905 points for medium-term contracts.
Covered warrants: In the trading session on September 23, 2019, the market was negative as the majority of coverred warrants decreased following downward movement of underlying securities. Trading volume decreased slightly. FPT is in short-term trend of accumulation after peaking at 58. Liquidity remained positive above the 20-day average. Therefore, FPT may have short-term downward correction in the coming sessions, creating downward pressure on its warrants in the coming sessions.

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

Highlights
• VN-Index -4.61 points, closing at 985.75. HNX-Index +0.24 points, closed at 104.38.
• Pulling up index: VNM (+1.27); GAS (+0.40); BVH (+0.23); PLX (+0.14); STB (+0.11).
• Pulling the index down: VCB (-2.15); HPG (-0.52); TCB (-0.51); VIC (-0.40); BID (-0.35).
• The matched value of VN-Index reached 3,071.92 billion, -32.1% compared to the previous session.
• The fluctuation band is 8.23 points. The market saw 101 gainers and 207 losers.
• Foreign investors' net buying value: 5.26 billion on HOSE, including YEG (53.40 billion), VCI (28.05 billion) and STB (21.58 billion). Foreigners were net buyers on the HNX with a value of 4.53 billion.