20191218_BSC_Vietnam Daily Review_EN_Towards the bottom_TA_VNM_ Positive signal

Market outlook 
The positive signal from the World Bank raising Vietnam's GDP growth forecast for 2019 to 6.8% does not seem to support the market today. The trade was gloomy in the morning and afternoon. The index dropped to close to 950 points under the pressure from a series of blue-chips like VHM, GAS, VRE, HPG, MWG. In BSC's opinion, the VN-Index is likely to have a shaking session tomorrow, when the VN30F1912 contract matured and on Friday, when the two ETFs carry out restructuring activities.

Future contracts: All future contracts decreased following VN30. Investors should prioritize buying with target price around 880 points for long-term contracts.
Covered warrants: In the trading session on December 18, 2019, majority of coverred warrants decreased following underlying securities. Trading volume decreased strongly.

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

Highlights
• VN-Index -2.90 points, closed at 951.13. HNX-Index -1.09 points, closed at 101.80
• Pulling up index: VCB (+1.55); VNM (+0.77); BID (+0.66); BVH (+0.17); MSN (+0.10).
• Pulling the index down: VHM (-1.51); GAS (-1.10); VRE (-0.63); HPG (-0.47); MWG (-0.41).
• The matched value of VN-Index reached 3,311 billion dong, -1.0% compared to the previous session.
• The range is 4.32 points. The market has 113 gainers, 57 reference codes and 207 losers.
• Foreign net selling value: 25.46 billion dong on HOSE, including SGN (55.5 billion), HPG (39.45 billion) and VIC (37.18 billion). Foreigners were net sellers on the HNX with a value of 4.38 billion dong.