20191122_BSC_Vietnam Daily Review_EN_Lose points toward the end of the session_TA_VRC_Positive

Market outlook 
The recovery effort of VN-Index in the morning was unsuccessful when faced with increasing selling pressure at VHM, VCB, VRE, BID, HVN. In the afternoon, the index continued dropping and declined to 980 points. The market had a strong dropping session back to back that went against the rise of other key stock markets in the region. In general, with a deep fall below important support levels, VN-Index is moving in a risky price range. Investors should be cautious and consider reducing the proportion of their portfolio in the rally to higher resistances.

Future contracts: Except for VN30F2001, all future contracts decreased following VN30. Investors should prioritize buying with target price around 940 points for long-term contracts.

Covered warrants: In the trading session on November 22, 2019, majority of coverred warrants decreased following  underlying securities. Trading volume increased. TCB continued to adjust downward after short-term accumulation around 24.5. Liquidity increased, confirming signal for short-term adjustment according to momentum indicators. Downward movement of TCB could create downward pressure on its warrants in the coming sessions.

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

Highlights
• VN-Index -10.11 points, closed at 977.78. HNX-Index -1.65 points, closed at 103.09.
• Pulling up index: VIC (+0.89); Globalization (+0.19); VPB (+0.14); BHN (+0.12); EIB (+0.09).
• Pulling the index down: VCB (-2.15); VHM (-1.75); BID (-1.16); SAB (-1.11); GAS (-0.56).
• The matched value of VN-Index reached VND 4,192 billion, + 2.34% compared to the previous session.
• The trading band is 22.67 points. The market has 90 gainers, 58 reference codes and 243 losers.
• Foreign net-sold value: VND 11.19 billion on HOSE, including VCB (46.16 billion), VHM (19.50 billion) and VJC (12.95 billion). Foreigners were net sellers on the HNX with a value of 7.94 billion dong.