20191128_BSC_Vietnam Daily Review_EN_Decline to the 970 milestone_TA_HT1_ Uptrend

Market outlook 
VN-Index spent most of the trading time below the reference level before the great pressure of VHM, VCB, and GAS. In the afternoon, although the index sometimes dropped by more than 1%, the bottom catching demand appeared around 970 points, delaying the drop. The market has returned to a sharp decline after two slight recoveries amid other corrections in the region when the diplomatic relationship between the US and China was somewhat strained by Hong Kong. This will likely affect negatively the trade negotiations between the two countries.

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

Covered warrants: In the trading session on November 28, 2019, majority of coverred warrants decreased following  underlying securities. Trading volume increased strongly. MBB decreased strongly after short-term accumulation around 22.5. Liquidity increased, confirming signal for short-term adjustment according to technical indicators. Downward movement of MBB could create downward pressure on its warrants in the coming sessions.

Technical analysis: HT1_ Uptrend
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -7.78 points, closed at 970.39. HNX-Index -0.89 points, closed at 102.34.
• Pulling up the index: VJC (+0.14); VIC (+0.10); TCH (+0.09); VSH (+0.07); VHC (+0.06).
• Pulling the index down: VHM (-1.37); VCB (-1.08); GAS (-0.67); CTG (-0.64); MWG (-0.53).
• The matched value of VN-Index reached 3,315 billion dong, + 17.6% compared to the previous session.
• Amplitude is 11.49 points. The market saw 101 gainers, 64 reference codes and 219 losers.
• Foreign investors' net buying value: VND 44.17 billion on HOSE, including HPG (21.91 billion), VJC (12.86 billion) and VHM (12.12 billion). Foreigners were net sellers on the HNX with a value of 1.11 billion dong.