20191223_BSC_Vietnam Daily Review_EN_A gaining session_TA_BCM_ Midtrend Rebound

Market outlook 
VN-Index was positive in both morning and afternoon session thanks to the consensus of banking stocks such as VCB, BID, TCB, CTG, and MBB. The market had a good gaining session when foreign investors returned to be net buyers on the HSX. Liquidity maintained at an average level, showing that cash flow is gradually returning. The index's rise was partly affected by the information that the Ministry of Finance of China announced that it would reduce taxes on many goods starting from January 1. Although this tax reduction is not directly related to the negotiation process to resolve the trade war with the US, this may be a signal that China will have more relaxed moves on trade issues with the US.

Future contracts: Future contracts showed mixed movements today when VN30F2001 and VN30F2003 dropped while VN30F2002 and VN30F2006 gained. Investors should prioritize selling with target price around 860 points for short-term contracts.
Covered warrants: In the trading session on December 23rd 2019, covered warrants and underlying securities were differentiated by status. Trading volume increased slightly compared to the previous session.

Technical analysis: BCM_ Midtrend Rebound
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +3.02 points, closed at 959.43. HNX-Index -0.07 points, closed at 102.35
• Pulling up the index: VCB (+2.89); BID (+2.46); TCB (+0.31); CTG (+0.22); TCH (+0.21).
• Pulling the index down: MSN (-1.09); VNM (-1.00); VHM (-0.38); PLX (-0.27); VPB (-0.18).
• The matched value of VN-Index reached VND 3,389 billion, -0.5% compared to the previous session.
• Amplitude is 2.64 points. The market has 141 gainers, 73 reference codes and 162 losers.
• Foreign net buying value: 45.61 billion dong on HOSE, including VCB (33.39 billion), BID (33.00 billion) and HPG (17.86 billion). Foreigners were net sellers on the HNX with a value of 3.68 billion dong.