20191021_BSC_Vietnam Daily Review_EN_The downward momentum continues_TA_CVT_Uptrend

Market outlook 
Right from the beginning of the morning, VN-Index was deep in red when the selling pressure increased strongly in Banking stocks including VCB, BID, VPB. For most of the afternoon session, the index mainly moved within a small range below the reference level before being pushed away from the 989.20 points as SAB and the Banking stocks continued to have a negative impact on the VN-Index. The market has had a counter-trend in the region when unpredictable developments from the Brexit event last week have not shown any breakthrough signal. In addition, the 8th National Assembly of session XIV opening today is expected to pass the amended Securities Law, thereby creating conditions for Vietnam in the process of market upgrading.

Future contracts: Future contracts decreased following VN30. Investors should prioritize buying with target price around 925 points for long-term contracts
Covered warrants: In the trading session on October 21, 2019, majority of coverred warrants decreased following underlying securities. Trading volume decreased. VNM increased strongly in recent sessions after accumulating around 128. Liquidity increased strongly and technical indicators showed short-term bullish signals. Upward movement of VNM could create upward momentum on its warrant in the coming sessions.

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

Highlights
• VN-Index -5.64 points, closed at 983.56. HNX-Index -1.47 points, closed at 104.01.
• Pulling up the index: VNM (+0.57); LGC (+0.16); VJC (+0.14); GAS (+0.11); STB (+0.08).
• Pulling the index down: SAB (-1.31); VCB (-0.87); BID (-0.79); TCB (-0.51); VHM (-0.49).
• The matched value of VN-Index reached 3,146 billion, +7.0% compared to the previous session.
• The trading band is 4.62 points. The market has 135 gainers, 62 reference codes and 173 losers.
• Foreign investors' net selling value: 37.87 billion on HOSE, including GTN (VND 33.13 billion), MSN (VND 25.77 billion) and VHM (VND 16.29 billion). Foreigners were net sellers on the HNX with a value of 2.28 billion.