20200211_BSC_Vietnam Daily Review_EN_Market rebounded_TA_VGI_Reversed Head&Shoulders pattern

Market outlook 
After yesterday strong correction, VN-Index had a good rebound session on 11/02. The index was maintained above the reference level during the whole trading time. Banking sector with stocks such as BID, CTG, VPB, VCB, TCB gained impressively, helping VN-Index to not suffer dropping pressure. It can be seen that the price zone around 930 is forming a short-term support area for the index. However, some mixed signals such as liquidity increased slightly while foreign investors turned to netselling on the HSX, shows that the recovery trend is not really clear. In the context that the market is struggling and moving in an unclear trend, investors should hold the current portfolio until the market has more positive signals.

Future contracts: All future contracts increased following VN30. Investors should prioritize buying with target price around 870 points for long-term contracts.
Covered warrants: In the trading session on February 11, 2019, majority of coverred warrants increased following underlying securities. Trading volume increased strongly.

Technical analysis: VGI_Reversed Head&Shoulders pattern
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +3.94 points, closed at 934.67. HNX-Index +0.80 points, closed at 104.78.
• Pulling up the index: BID (+2.05); CTG (+1.29); VPB (+0.58); PLX (+0.42); VCB (+0.33).
• Pulling the index down: VNM (-0.89); GAS (-0.66); HPG (-0.58); VIC (-0.29); SAB (-0.18).
• The matched value of VN-Index reached 2,730 billion dong, +23% compared to the previous session.
• The trading band is 4.49 points. The market has 198 gainers, 70 reference codes and 135 losers.
• Foreign net selling value: 58.29 billion dong on HOSE, including MSN (42.88 billion), VNM (28.39 billion) and HPG (19.53 billion). Foreigners were net sellers on the HNX with a value of VND 5.00 billion.