20191031_BSC_Vietnam Daily Review_EN_Shaking around reference level_TA_ACV_Uptrend

Market outlook 
Receiving information that the Fed cut 0.25% interest rates further, VN-Index maintained a positive rise in the morning when blue-chips such as VHM, VIC, VCB, MSN, BVH agreed to increase. However, as mentioned in yesterday report, strong shaking appeared when the index was under correcting pressure from VNM, HPG, and CTG. The market saw a dropping session in contrast with leading regional stock markets and differentiated strongly when the number of losers was twice as many as gainers. In BSC's opinion, investors can open positions in stocks with positive Q3 business results in the next corrections.

Future contracts: Future contracts decreased following VN30.  Investors should prioritize selling and buying back with target price around 916 points for long-term contracts.
Covered warrants: In the trading session on October 31, 2019, majority of coverred warrants decreased following underlying securities. Trading volume decreased. NVL increased slightly after creating support at 59. However, momentum indicators continue to signal long-term downtrend.  Decrease of NVL could create downward pressure on its warrants in the coming sessions.

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

Highlights
• VN-Index -2.07 points, closed at 998.82. HNX-Index -0.70 points, closed at 105.19.
• Pulling up the index: BID (+0.41); BVH (+0.27); VHM (+0.20); GAS (+0.17); HDB (+0.16).
• Pulling the index down: VNM (-1.02); VIC (-0.59); VPB (-0.21); CTG (-0.16); HPG (-0.16).
• The matched value of VN-Index reached 3,404 billion dong, + 9.2% compared to the previous session.
• The trading band is 5.82 points. The market has 110 gainers, 60 reference codes and 221 losers.
• Foreign net selling value: 107.45 billion dong on HOSE, including VNM (VND 162.73 billion), MSN (VND 40.06 billion) and POW (VND 17.84 billion). Foreigners were net buyers on the HNX with a value of 5.19 billion dong.