20191022_BSC_Vietnam Daily Review_EN_A slight rebound_PTKT_DGW_Uptrend

Market outlook 
After yesterday's correction, the market recovered in the morning thanks to the gain from Bluechips such as VCB, VJC, and HPG. The rebound lasted until the session’s end with the contribution of banking and real estate stocks. The market rebound session is in alignment with the regional trend when there was a positive information about US-China trade negotiations. China's deputy foreign minister said the country had made some progress in trade negotiations with the United States. However, the liquidity in the market was unchanged compared to the previous session with low amplitude index point fluctuation, showing that the majority of investors' sentiment is still in a conservative state. BSC maintains the view that the market fluctuation will continue to be in the range of 980-1000 points this week.

Future contracts: Except for VN30F2006, future contracts increased following VN30. Investors should prioritize buying with target price around 930 points for long-term contracts.
Covered warrants: In the trading session on October 22, 2019, coverred warrants and underlying securities diverged in term of price. Trading volume decreased. DPM declined in recent sessions after failing to pass 15.5. Liquidity increased strongly, confirming signal for short-term downtrend according to momentum indicators. Downward adjustment of DPM could create downward pressure on its warrant in the coming sessions.

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

Highlights
• VN-Index +3.63 points, closed at 987.19. HNX-Index +0.48 points, closed at 104.49.
• Contributing to the index: VCB (+1.31); SAB (+1.30); BID (+0.70); VJC (+0.62); HVN (+0.42).
• Dragging the index: VNM (-0.57); VHM (-0.49); MSN (-0.21); TCH (-0.10); VIC (-0.10).
• The matched trading value of VN-Index reached VND 3,159 billion, unchanged compared to the previous session.
• The trading band is 4.07 points. The market saw 151 gainers, 67 references and 152 losers.
• Foreign investors' net buying value: VND 22.08 billion on HOSE, including VNM (VND 23.3 billion),KBC (VND 18.6 billion) and VJC (VND 17.6 billion). Foreigners were net sellers on the HNX with a value of VND 21.74 billion.