20200302_BSC_Vietnam Daily Review_EN_Slight Rebound_TA_TCB_Double bottom model

Market outlook 
After a sharp decline last week, the market has recovered slightly. The recovering momentum mainly came from some pillar stocks such as GAS, SAB and STB. Declined Market liquidity, narrowed trading margin and neutral market breadth signaled a cautious trading trend among investors. Foreign investors continued to be net sellers when the world macro latest indicator was negative. VN-Index is likely to consolidate in the points range of 873-925 in the upcoming period if there are no sudden development surrounding Sars-Cov-2 epidemic and its effect on the world’s economy and market.

Future contracts: All future contracts increased following VN30. Investors should prioritize selling and buying back with target price around 825 points for short-term contracts.
Covered warrants: In the trading session on March 2, 2020, majority of underlying securities increased, while coverred warrants diverged in terms of price.  Trading volume decreased slightly.

Technical analysis: TCB_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 +2.24 points, closed at 884.43. HNX-Index +1.09 points, closed at 110.67.
• Pulling up the index: GAS (+1.78); SAB (+1.49); STB (+0.41); TCB (+0.25); TCH (+0.22).
• Pulling down the index: VCB (-0.65); BID (-0.41); HVN (-0.33); PLX (-0.30); CTG (-0.27).
• The matched value of VN-Index reached VND 2,797 billion, -13.5% compared to the previous session.
• The trading band is 9.14 points, narrowing from the previous session. The market saw 139 gainers, 90 references and 149 losers.
•  Foreign net-selling value: VND 295.05 billion on HOSE, including MSN (VND 39.5 billion), VJC (VND 29.05 billion) and VNM (VND 28.9 billion). Foreigners were net sellers on the HNX with a value of VND 27.6 billion.