20191018_BSC_Vietnam Daily Review_EN_Continued to correct_TA_ANV_Recovery

Market outlook 
VN-Index opened the session with quite positive movements thanks to the pull from blue-chips like VNM, VHM, and VCB. For most of the afternoon session, the index could still stay in green. However, the selling increased at BID, MSN, CTG, HVN, and VCB, dragging the VN-Index below the reference level. Inheriting the negative movements of other stock markets in the region, the trading market struggled during the ATC session. Negative information about China's third-quarter GDP growth reaching its lowest level in the history has negatively affected investor sentiment, reflected by a slight decrease in liquidity.

Future contracts: Future contracts decreased in today’s session. 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 18, 2019, majority of coverred warrants decreased, in contrast with underlying securities. Trading volume increased. MSN declined in recent sessions after accumulating around 77-77.5. Liquidity increased and momentum indicators indicated short-term downtrend. The downward adjustment of MSN could create downward pressure on its warrant in the coming sessions.

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

Highlights
• VN-Index -0.62 points, closed at 989.20. HNX-Index -0.59 points, closed at 105.48.
• Pulling up the index: VNM (+0.78); VHM (+0.50); PLX (+0.10); VJC (+0.09); FPT (+0.08).
• Pulling the index down: BID (-0.69); MSN (-0.34); CTG (-0.32); HVN (-0.25); VCB (-0.21).
• The matched value of VN-Index reached 2,940 billion, -9.7% compared to the previous session.
• The trading band is 4.62 points. The market saw 146 gainers, 61 reference codes and 165 losers.
• Foreign investors' net buying value: 40.86 billion on the HOSE, including VNM (57.06 billion), VCB (18.99 billion) and KBC (6.15 billion). Foreigners were net sellers on the HNX with a value of 0.73 billion.