20200108_BSC_Vietnam Daily Review_EN_Middle East geopolitical tensions heightened, market declined_TA_NDN_Double Top Pattern

Market outlook 
Geopolitical conflict between the US and Iran, which has had a tense development, has negatively impacted most of the regional stock markets and Vietnam is no exception. VN-Index moved below the reference level in both morning and afternoon sessions. The selling pressure from VHM, VCB, VRE, TCB, VIC pulled the index down under the channel of 950-960 points to return to accumulate in the low price area. The market also lacked support from foreign investors as they net sold 160 billion dong. In general, investors might disburse partly if VN-Index retests lower support levels.

Future contracts: All future contracts decreased following VN30. Investors should prioritize buying with target price around 885 points for short-term contracts.
Covered warrants: In the trading session on Jannuary 08, 2019, majority of coverred warrants decreased following underlying securities. Trading volume increased.

Technical analysis: NDN_Double Top Pattern
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -9.90 points, closed at 948.98. HNX-Index -1.09 points, closed at 100.33.
• Pulling up the index: BID (+0.48); PDR (+0.17); VNM (+0.15); KBC (+0.03); PGI (+0.03).
• Pulling the index down: VHM (-1.24); VCB (-0.87); VRE (-0.81); NVL (-0.63); TCB (-0.46).
• The matched value of VN-Index reached VND 2,873 billion, + 37.5% compared to the previous session.
• The trading band is 10.56 points. The market has 78 gainers, 39 reference codes and 263 losers.
• Foreign net-selling value: VND 160.21 billion on HOSE, including CTG (VND 237.91 billion), POW (VND 20.44 billion) and HDB (VND 15.79 billion). Foreigners were net buyers on the HNX with a value of 2.37 billion dong.