20191127_BSC_Vietnam Daily Review_EN_The uptrend sustained_TA_L14_Breakout

Market outlook 
VN-Index recorded similar situation with the previous session as it gained strongly in the morning and gradually dropped to close to the reference level in the afternoon. VCB, BID, VIC are the three main stocks supporting the market's uptrend. The index had a shake session while most other stock markets in the region continued gaining. As mentioned in yesterday report, the market has responded quite positively to the amended Securities Law. Therefore, if maintaining a positive gaining trend, it is likely that VN-Index will return to 980 points in the next few sessions.

Future contracts: All future contracts decreased following VN30. Investors should prioritize buying with target price around 910 points for short-term contracts.

Covered warrants: In the trading session on November 27, 2019, majority of coverred warrants decreased following  underlying securities. Trading volume decreased. NVL accumulated in the short-term after declining to below 57. Liquidity increased confirming downward movement of NVL. Continuing downward corrections of NVL, based on bearish signals of momentum indicators, could create downward pressure on its warrants in the coming sessions.

Technical analysis: L14_Breakout
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +1.38 points, closed at 978.17. HNX-Index -0.76 points, closed at 103.23.
• Pulling up the index: VCB (+1.77); BID (+0.96); VIC (+0.39); HVN (+0.17); SAB (+0.09).
• Pulling the index down: VNM (-0.45); VHM (-0.29); HDB (-0.22); PLX (-0.21); MSN (-0.17).
• The matched value of VN-Index reached 2,817 billion dong, -15.3% compared to the previous session.
• The trading band is 4.59 points. The market saw 139 gainers, 75 references and 172 losers.
• Foreign investors' net buying value: 72.84 billion dong on HOSE, including HPG (36.01 billion), BID (18.34 billion) and VRE (17.98 billion). Foreigners were net sellers on the HNX with a value of 2.72 billion dong.