20200224_BSC_Vietnam Daily Review_EN_Large scale correction_TA_NKG_Positive Signal

Market outlook 
Right from the beginning of the morning, VN-Index quickly dropped sharply and returned to approach 900 points. Too much pressure from a series of blue-chips such as VIC, BID, VCB, TCB, CTG made the index sunk in red. In the afternoon, the market didn't see positive changes and maintained movement in a downward trend. The strong correction of 3.2% of VN-Index had a consensus with other stock markets in the region, especially Kospi of Korea also lost more than 3% today. Concerns about a strong outbreak of Covid-19 in South Korea, one of the countries in Vietnam with close trade relations, also made investor sentiment turn negative.

Future contracts: All future contracts decreased following VN30. Investors should prioritize buying with target price around 875 points for long-term contracts.
Covered warrants: In the trading session on February 24, 2019, majority of coverred warrants decreased following underlying securities. Trading volume increased.

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

Highlights
• VN-Index -29.75 points, closed at 903.34. HNX-Index -3.91 points, closed at 104.18.
• Pulling up the index: DHG (+0.05); SHP (+0.04); PHR (+0.03); SII (+0.02); FRT (+0.02).
• Pulling the index down: BID (-3.62); VIC (-2.59); VHM (-2.03); VCB (-1.97); TCB (-1.57).
• The matched value of VN-Index reached 4,163 billion dong, +32% compared to the previous session.
• The trading band is 14.15 points. The market has 42 gainers, 39 reference codes and 330 losers.
• Foreign net selling value: VND 0.36 billion on HOSE, including SJS (VND 140.48 billion), HPG (VND 33.22 billion) and HBC (10.41 billion). Foreigners were net sellers on the HNX with a value of 37.15 billion dong.