Daily Review

20191030_BSC_Vietnam Daily Review_EN_Officially conquering the 1,000 point mark_TA_PVD_ Positive Signal

  • Date

    30/10/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    39

Detailed report

Market outlook 
In the morning, VN-Index recovered slightly when pillar codes like VIC, VCB, VHM, PLX, GAS had unanimously increased. In the afternoon, the market maintained a good gaining trend and successfully conquered the important psychological level of 1,000 points thanks to the breakthrough of VIC, VHM, and VRE stocks. The market had a positive session going against the trend of key regional stock markets. Although foreign investors continued to be net sellers, before expectation of a further interest rate cut by the Fed of investors, VN-Index recorded a positive increase in consensus with slightly improved liquidity. However, because the 1,000 point level is a quite strong resistance level, the shakeing in this price zone may still be present.

Future contracts: Future contracts increased following VN30.  Investors should prioritize selling and buying back with target price around 925 points for short-term contracts.
Covered warrants: In the trading session on October 30, 2019, majority of coverred warrants decreased, in contrast with underlying securities. Trading volume increased strongly. VNM declined after failing to surpass 135. Liquidity increased strongly, confirming signal for short-term downtrend according to momentum indicators. Decrease of VNM could create downward pressure on its warrants in the coming sessions.

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

Highlights
• VN-Index +5.02 points, closed at 1000.89. HNX-Index +1.21 points, closed at 105.89.
• Pulling up index: VIC (+1.79); VCB (+1.55); VHM (+1.19); GAS (+0.57); VRE (+0.45).
• Pulling the index down: VNM (-1.06); BID (-0.39); MWG (-0.27); HPG (-0.16); VPB (-0.07).
• The matched value of VN-Index reached 3,119 billion, +4.6% compared to the previous session.
• The trading band is 8.54 points. The market has 173 gainers, 66 reference codes and 146 losers.
• Foreign net selling value: 46.25 billion dong on HOSE, including VNM (57.88 billion), VJC (28.87 billion) and MSN (28.23 billion). Foreigners were net buyers on the HNX with a value of 5.19 billion dong.

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