20191210_BSC_Vietnam Daily Review_EN_Correction_TA_VNM_ Stand on the previous bottom

Market outlook 
Right from the beginning, there were signs of weakness with blue chips' price drops. The red sphere covered the market when Bluechips continued dropping (MSN, NVL, GAS, and CTD). In the afternoon, the down trend extended and made the index closed down 5 points below the reference level. The liquidity in the market also increased slightly but the amplitude widened following this downtrend, showing that the selling force was still the dominant force in the market. With no sudden changes in macro information, VN-Index is likely to trade in the low range of 950-960 points this week.

Future contracts: All future contracts decreased following VN30. Investors should prioritize selling with target price around 870 points for short-term contracts.
Covered warrants: In the trading session on December 10, 2019, majority of coverred warrants decreased, while underlying securities diverged in term of price. Trading volume decreased strongly. MBB continued to decrease, approaching support level of 21. 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: VNM_ Stand on the previous bottom
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -5.76 points, closed at 960.30. HNX-Index -0.32 points, closed at 102.04.
• Pulling up the index: BVH (+0.41); VCB (+0.22); HPG (+0.16); PGD (+0.08); STB (+0.05).
• Pulling the index down: MSN (-1.33); GAS (-1.06); SAB (-0.51); VHM (-0.49); TCB (-0.41).
• The matched value of VN-Index reached VND 3,280 billion, + 7.4% compared to the previous session.
• The trading range is 11.44 points, widening in the down trend. The market has 130 gainers, 50 reference level and 204 losers.
• Foreign investors' net selling value: VND 146.19 billion on HOSE, including MSN (VND -68.8 bil), VHM (VND -58.6 bil) và ROS (VND 40.0 bil). Foreigners were net sellers on the HNX with a value of VND -99.85 billion.