20191205_BSC_Vietnam Daily Review_EN_Back to correction_TA_KDH_ Uptrend

Market outlook 
Contrary to the positive movements of the morning session, in the afternoon, VN-Index had to fall back to the reference level due to the strong pressure of blue-chips such as GAS, VNM, BID, CTG, and HPG. The rally of most other key stock markets in the region did not spread to Vietnam market when the index closed at 963 points. With the fluctuation of VN-Index in the current period, investors should trade cautiously and only partially disburse in stocks with good fundamental.

Future contracts: Except for VN30F2006, all future contracts decreased following VN30. Investors should prioritize selling with target price around 880 points for long-term contracts. adjustment of VHM could create downward pressure on its warrants in the coming sessions.
Covered warrants: In the trading session on December 05, 2019, majority of coverred warrants decreased following  underlying securities. Trading volume decreased strongly. VHM accumulated in the short-term around 92. Liquidity remained at high level in recent sessions, while technical indicators continued showing short-term bearish signals. Downward adjustment of VHM could create downward pressure on its warrants in the coming sessions.

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

Highlights
• VN-Index -2.63 points, closed at 963.27. HNX-Index -0.11 points, closed at 102.37.
• Pulling up the index: VIC (+0.29); VRE (+0.27); SAB (+0.21); VHM (+0.20); HDB (+0.17).
• Pulling the index down: GAS (-0.72); VNM (-0.50); BID (-0.41); CTG (-0.37); MWG (-0.30).
• The matched value of VN-Index reached 3,114 billion dong, -6.9% compared to the previous session.
• The trading band is 7.37 points. The market saw 142 gainers, 58 reference codes and 183 losers.
• Foreign investors' net selling value: 41.77 billion dong on HOSE, including MSN (63.37 billion), HPG (14.44 billion) and VHM (11.17 billion). Foreigners were net buyers on the HNX with a value of 4.58 billion dong.