20191213_BSC_Vietnam Daily Review_EN_Selling pressure increased_TA_BID_ Continuing upward momentum

Market outlook 
In the morning, VN-Index gained positively thanks to the support from banking codes with BID, VCB, and CTG. However, the index could not maintain the green at the end of the session due to the pressure of VHM, VNM, HPG. The rising momentum of key regional stock markets did not seem to spread to the market today. Besides, although there has been support from positive macro information about the first phase agreement on the principle of US-China, domestic pressure from strong net-sold by foreign investors last week also caused The index has not been able to receive this factor in a positive direction.

Future contracts: All future contracts decreased following VN30. Investors should prioritize selling and buying back with target price around 880 points for long-term contracts.

Covered warrants: In the trading session on December 13, 2019, majority of coverred warrants decreased following underlying securities. Trading volume continued to decrease. GMD increased positively after an extended downward adjustment to 23. Liquidity increased, confirming signal for increase according to momentum indicators. Recovery of GMD could create upward momentum on its warrants in the coming sessions.

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

Highlights
• VN-Index -1.99 points, closed at 966.18. HNX-Index +0.23 points, closed at 102.94.
• Pull up the index: BID (+1.08); VCB (+0.99); CTG (+0.50); PGD (+0.09); BHN (+0.08).
• Pulling the index down: VHM (-2.01); VRE (-0.78); VNM (-0.61); HPG (-0.32); NVL (-0.27).
• The matched value of VN-Index reached VND 3,030 billion, +8.1% compared to the previous session.
• Amplitude is 5.91 points. The market has 146 gainers, 63 reference codes and 174 losers.
• Foreign investors' net buying value: VND 15.48 billion on HOSE, including CTG (VND 40.72 billion), ROS (VND 23.49 billion) and VCB (VND 19.13 billion). Foreigners were net sellers on the HNX with a value of 16.27 billion.