20200117_BSC_Vietnam Daily Review_EN_Continue the uptrend_TA_GVR_ GVR_ Double bottom model

Market outlook 
The last session of the week was quite positive when VN-Index maintained the gain of previous sessions. Blue-chips such as VCB, VHM, VJC, SAB, PLX, MWG maintained their role of supporting and leading the markets in the morning. In the afternoon, the spectacular gaining momentum of VCB pushed the index up to close to 980 points. Liquidity maintained at an average level and foreign investors were net buyers, showing that investors' sentiment near the holiday is quite positive and may continue next week. However, it is not ruled out that profit-taking activities of some investors in the coming sessions will put pressure on VN-Index.

Future contracts: All future contracts increased 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 Jannuary 17, 2019, majority of coverred warrants decreased, while underlying securities diverged in term of price. Trading volume decreased.

Technical analysis: GVR_ 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 +4.65 points, closed at 978.96. HNX-Index -0.43 points, closed at 103.88.
• Pulling up the index: VCB (+5.69); VJC (+0.34); SAB (+0.22); VNM (+0.20); PLX (+0.17).
• Pulling the index down: BID (-0.58); MSN (-0.40); HPG (-0.24); HVN (-0.18); POW (-0.13).
• The matched value of VN-Index reached 2,318 billion dong, -13% compared to the previous session.
• Amplitude is 6.23 points. The market saw 148 gainers, 79 references and 162 losers.
• Foreign investors' net buying value: 52.51 billion dong on HOSE, including VCB (35.07 billion), VNM (33.88 billion) and SSI (14.06 billion). Foreigners were net sellers on the HNX with a value of 1.38 billion.