20191104_BSC_Vietnam Daily Review_EN_Maintaining the gaining momentum_TA_TCB

Market outlook 
Following the excitement of last week's session, VN-Index maintained the uptrend momentum in the morning although Vin group stocks corrected. Instead, under the breakthrough of Banking stocks, including VCB, BID, TCB, VPB, MBB, CTG, the index expanded the increase range and successfully conquered the resistance level of 1,020 points. The market had a positive trading day in sync with other key stock markets in the region. In the context that VN-Index has broken out of the strong resistance level with consensus liquidity, investors can expect the market to proceed to challenge higher resistances. Accordingly, investors can increase the proportion of portfolio held when the market corrects in the short term.

Future contracts: Future contracts increased following VN30.  Investors should prioritize selling and buying back with target price around 925 points for long-term contracts.
Covered warrants: In the trading session on November 04, 2019, majority of coverred warrants increased following underlying securities. Trading volume increased. FPT increased strongly today, surpassed peak at 59.5, after period of accumulation around 58. Liquidity increased strongly, confirming signal for short-term uptrend according to momentum indicators. Upward movement of FPT could create upward momentum on its warrants in the coming sessions.

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

Highlights
• VN-Index +6.84 points, closed at 1,022.43. HNX-Index +0.85 points, closed at 106.60.
• Pulling up the index: VCB (+3.60); BID (+1.24); VHM (+0.79); TCB (+0.63); GAS (+0.57).
• Pulling the index down: VIC (-0.77); VNM (-0.55); HPG (-0.12); SBT (-0.11); VRE (-0.10).
• The matched value of VN-Index reached VND 4,439 billion, +9.9% compared to the previous session.
• The trading band is 8.06 points. The market has 145 gainers, 63 reference codes and 185 losers.
• Foreign net buying value: VND 59.89 billion on HOSE, including VCB (47.60 billion), HCM (37.54 billion) and VRE (19.90 billion). Foreigners were net sellers on the HNX with a value of 0.23 billion dong.