20191007_BSC_Vietnam Daily Review_EN_Continuing to correct_TA_POW_ Positive signs

Market outlook 
In the morning, VN-Index struggled around reference level before selling pressure at pillar bluechips such as VHM, VIC, VPB increased. In the afternoon, the drop of the index widened when VIC, TCB, and MSN were in red. The market had a gloomy session in accordance with other stock markets in the region before the important high-level trade negotiations between the US and China. Besides, the positive employment data report over the weekend also somewhat eased worries about the stagnation of the US economy. Therefore, BSC believes that it is likely that VN-Index will continue moving within the price range of 980 - 1,000 points this week.

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 860 points for all contracts.
Covered warrants: In the trading session on October 7, 2019, the covered warrants and underlying stocks mostly dropped, only STB and DPM gained. STB has been accumulating and creating a reverse head and shoulders pattern for the past two months. Liquidity of stocks remained stable. Besides, the technical indicators are in neutral status, it is likely that CSTB1901 will fluctuate sideways in the coming sessions.

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

Highlights
• VN-Index -4.50 points, closed at 983.09. HNX-Index -1.43 points, closing at 103.73.
• Pulling up the index: SAB (+0.38); VNM (+0.26); GAS (+0.11); POW (+0.10); PLX (+0.07).
• Pulling the index down: VIC (-0.98); TCB (-0.46); BVH (-0.42); VPB (-0.39); MSN (-0.31).
• The matched value of VN-Index reached 3,099 billion, -5.5% compared to the previous session.
• The trading band is 7.25 points. The market has 124 gainers, 62 reference codes and 182 losers.
• Foreign net-sold value: 45.79 billion on HOSE, including DIG (14.33 billion), HPG (14.25 billion) and VRE (13.14 billion). Foreigners were net buyers on the HNX with a value of 0.13 billion.