20191121_BSC_Vietnam Daily Review_EN_Fluctuation as futures contract due_TA_VIC_Head&Shoulder Pattern

Market outlook 
The decline of VN-Index started in the morning and expanded over time. The weak support of PPC, KDH and DHG seems to be insufficient to support the market when the pressure from VCB, VNM, SAB, TCB, VHM is too great. Thus, the index dropped quite far from important psychological level and returned to the cumulative channel of 985-1,000 points. In addition to the strong net selling of foreign investors on all three exchanges, VN30F1911 due today is likely to negatively affect the VN30 group and consequently the market.

Future contracts: All future contracts decreased following VN30. Investors should prioritize buying with target price around 930 points for short-term contracts.

Covered warrants: In the trading session on November 21, 2019, majority of coverred warrants decreased following  underlying securities. Trading volume increased. VHM continued to decline after peaking at 100. Liquidity increased, confirming signal for short-term adjustment according to momentum indicators. Downward movement of VHM could create downward pressure on its warrants in the coming sessions.

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

Highlights
• VN-Index -12.67 points, closed at 987.89. HNX-Index -0.17 points, closed at 104.74.
• Pulling up the index: PPC (+0.05); CII (+0.04); HVG (+0.03); DHG (+0.03); PME (+0.03).
• Pulling the index down: VCB (-2.14); VNM (-1.01); SAB (-0.98); TCB (-0.89); VHM (-0.89).
• The matched value of VN-Index reached 4,096 billion VND, +16.7% compared to the previous session.
• The trading band is 11.74 points. The market has 114 gainers, 76 reference codes and 193 losers.
• Foreign net selling value: VND 329.93 billion on HOSE, including KDH (VND 257.38 billion), VIC (VND 43.34 billion) and HPG (VND 36.60 billion). Foreigners were net sellers on the HNX with a value of 11.94 billion dong.