Daily Review

20191002_BSC_Vietnam Daily Review_EN_ Decreasing due to recession concerns _TA_ HDG_ Breakout session

  • Date

    02/10/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    39

Detailed report

Market outlook 
In the morning, VN-Index mainly moved below the reference level when increasING selling pressure lead to blue-chips like GAS, VNM, and VRE lost points. In the afternoon, when VIC, VCB, GAS widened the drop range, the market was in red and closed at 991.19 points. In the context of the decline of most of the key stock markets in the region, the market had a less positive session. Information that the US-producing PMI index fell to 47.8 points in September, the lowest level since June 2009, has raised concerns about the slowdown of the global economy. This is as a major factor affecting negatively on market psychology. In addition, the shaking rhythm appeared in the area of 990 -1,000 points also made investors become more cautious.

Future contracts: Future contracts decreased following VN30. Investors should prioritize selling and buying back with target price around 910 points for long-term contracts.
Covered warrants: In the trading session on October 2, 2019, coverred warrants decreased following underlying securities. Trading volume increased slightly. MWG accumulated at price range of 125-127 after peaking at 129. Liquidity remained at moderate level, while momentum indicators showed bearish signal in the short term, creating downward pressure on its warrant in the coming sessions.

Technical analysis: HDG_ Breakout session

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

Highlights
• VN-Index -8.40 points, closed at 991.19. HNX-Index -0.58 points, closed at 105.27.
• Pulling up the index: SAB (+0.56); BID (+0.20); VPB (+0.18); PNJ (+0.07); VCI (+0.05).
• Pulling the index down: VIC (-1.86); VCB (-1.52); GAS (-1.50); MSN (-0.61); VNM (-0.51).
• The matched value of VN-Index reached 3,573 billion, + 14.3% compared to the previous session.
• The fluctuation band is 3.52 points. The market has 95 gainers, 51 reference codes and 220 losers.
• Foreign net selling value: 345.74 billion on HOSE, including PDR (89.04 billion), VNM (61.50 billion) and VIC (41.99 billion). Foreigners were net sellers on the HNX with a value of 5.50 billion.

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