20191106_BSC_Vietnam Daily Review_EN_The gaining momentum decelerated_TA_MBB_Trend Continuation

Market outlook 
The selling pressure appeared right in the morning so VN-Index struggled around reference level. Blue-chips such as VHM, VCB, VNM, MBB, HPG recorded positive gains and were market support. In the afternoon, before selling pressure on GAS, BID, VJC, the index closed at 1,024 points. Most of the key stock markets in the region have adjusted cautiously waiting for new developments from the US-China negotiation process. In that context, the market gaining momentum slowed down as foreign investors returned to be net sellers on all three exchanges. BSC maintains the view that VN-Index continues to move within the price range of 1,000 - 1,030 points in the short term.

Future contracts: Except for VN30F2003, future contracts decreased in contrast with 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 06, 2019, majority of coverred warrants decreased in contrast with underlying securities. Trading volume decreased slightly. MBB increased positively after period of accumulation around 23. Liquidity increased strongly, confirming signal for increase according to technical indicators. Upward movement of MBB could create upward momentum on its warrants in the coming sessions.

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

Highlights
• VN-Index +0.57 points, closed at 1,024.91. HNX-Index +0.04 points, closed at 106.75.
• Pulling up the index: VHM (+1.49); VNM (+0.46); VIC (+0.39); VCB (+0.22); MBB (+0.21).
• Pulling the index down: GAS (-0.66); BID (-0.35); VJC (-0.33); VRE (-0.30); HVN (-0.22).
• The matched value of VN-Index reached 3,721 billion dong, +1.6% compared to the previous session.
• The trading band is 5.55 points. The market has 174 gainers, 63 reference codes and 156 losers.
• Foreign investors' net selling value: VND 89.47 billion on HOSE, including VCB (VND 34.13 billion), VJC (VND 29.86 billion) and VNM (VND 23.36 billion). Foreigners were net sellers on the HNX with a value of 4.99 billion dong.