20191004_BSC_Vietnam Daily Review_EN_Losing the 990 points threshold_TA_DRC_Uptrend

Market outlook 
Struggling around the reference level was the common situation of VN-Index in the morning when blue-chips including PLX, BID, and CTG corrected sharply. In the afternoon, the support of VCB did not seem to be enough to support the index to stay at 990 points as selling pressure increased at GAS, BID, SAB. The market saw a volatile session in the context that the regional stock market was also corrected. The slowdown of the US economy, as shown by the services and poor manufacturing purchasing managers (PMI) data, is the main factor that negatively affects investor sentiment.

Future contracts: All Future contracts dropped following the overall trend of today's session. Investors should prioritize selling and buying back with target price around 912 points for mid-term contracts.
Covered warrants: In the trading session on October 4, 2019, the covered warrants were diverged in status while underlying stocks mostly dropped, except VIC and DPM. REE had a downward correction after approaching the resistance at 40. Stock liquidity remained stable. On the other hand, technical indicators are gradually turning to negative status, it is likely that CREE1901 will continue to decline in the coming sessions.

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

Highlights
• VN-Index -4.86 points, closed at 987.59. HNX-Index -0.05 points, closed at 105.16.
• Pulling up the index: VCB (+1.11); POW (+0.18); HVN (+0.15); CII (+0.11); DPM (+0.08).
• Pulling the index down: GAS (-0.84); SAB (-0.75); BID (-0.75); PLX (-0.68); CTG (-0.43).
• The matched value of VN-Index reached 3,281 billion, +0.9% compared to the previous session.
• The range is 7.22 points. The market saw 136 gainers, 65 references and 171 losers.
• Foreign net selling value: 265.54 billion on HOSE, including LIX (68.71 billion), HPG (46.64 billion) and VRE (31.53 billion). Foreigners were net sellers on the HNX with a value of 4.54 billion.