20191219_BSC_Vietnam Daily Review_EN_Moody’s retains credit rating, market rebounded_TA_TNG_ Double bottom model

Market outlook 
The maturity session of VN30F1912 took place with little change as the VN-Index moved around the reference level in both morning and afternoon sessions. Blue-chips like VCB, VNM, HVN, BID, and VRE had a positive impact on the index. The market saw a slight gain with low liquidity and foreign investors returned to a net buying. In the context that Moody’s announced to keep Vietnam's national credit rating at Ba3 but adjusting its outlook to negative, the slight increase shows that the impact of this information is not substantial. However, this is also a noticeable warning signal because in the previous Moody’s changes of Vietnam's national credit, the market often fluctuated quite large.

Future contracts: Except for VN30F2006, 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 19, 2019, majority of coverred warrants decreased, while underlying securities diverged in term of price. Trading volume increased.

Technical analysis: TNG_ Double bottom model
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +1.13 points, closed at 952.26. HNX-Index +0.20 points, closed at 102.00
• Pulling up the index: VCB (+1.43); VNM (+0.57); HVN (+0.38); VRE (+0.31); BID (+0.24).
• Pulling the index down: TCB (-0.35); BVH (-0.30); MSN (-0.27); MBB (-0.20); TCH (-0.14).
• The matched value of VN-Index reached VND 3,068 billion, -7.3% compared to the previous session.
• Amplitude is 9.11 points. The market has 147 gainers, 63 reference codes and 163 losers.
• Foreign investors' net buying value: 193.41 billion dong on HOSE, including VNM (87.83 billion), VCB (65.36 billion) and HPG (22.88 billion). Foreigners were net sellers on the HNX with a value of 3.57 billion dong.