20191212_BSC_Vietnam Daily Review_EN_The market rebounded_TA_FPT_ Short-term increase

Market outlook 
VN-Index had a positive session when moving above the reference level in both morning and afternoon sessions. Similar to the previous session, Banking stocks with stocks such as VCB, BID, TCB, CTG, and VPB continued to be the pillars. Foreign investors remained quite strong net-selling momentum. However, the market has recovered quite positively in the context that other stock markets in the region also gained well. The result of keeping the Fed rate unchanged was because it was in the prediction of investors so it had little effect on the market today. If the uptrend is maintained in the next sessions, it is expected that the index will soon regain the support level of 970 points.

Future contracts: All future contracts increased following VN30. Investors should prioritize selling and buying back with target price around 875 points for medium-term contracts.

Covered warrants: In the trading session on December 12, 2019, majority of coverred warrants increased following underlying securities. Trading volume continued to decrease. VNM increased slightly after an extended downward adjustment to support level of 116. Liquidity maintained at positive level, confirming signal for short-term increase according to momentum indicators. Recovery of VNM could create upward momentum on its warrants in the coming sessions.

Technical analysis: FPT_ Short-term increase
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +6.39 points, closed at 968.17. HNX-Index +0.33 points, closed at 102.71.
• Pulling up the index: VCB (+1.75); BID (+1.07); MSN (+0.99); TCB (+0.46); CTG (+0.33).
• Pulling the index down: VRE (-0.17); HPG (-0.16); GAS (-0.11); POW (-0.07); BHN (-0.07).
• The matched value of VN-Index reached VND 2,802 billion, -3.8% compared to the previous session.
• The fluctuation band is 5.67 points. The market saw 202 gainers, 60 reference codes and 127 losers.
• Foreign net-sold value: VND 172.14 billion on HOSE, including VHM (59.78 billion), HPG (27.02 billion) and MSN (18.10 billion). Foreigners were net sellers on the HNX with a value of 1.04 billion dong.