20200304_BSC_Vietnam Daily Review_EN_Slight corrected session_TA_ACV_Mid-term rebound

Market outlook 
A strong correction took place in the morning but the market recovered thanks to the spreading of cash flow into pillar stocks such as HPG, PNJ, POW, HVN. Slight decreased liquidity, narrower trading range and positive market breadth reflected the conservative trading activities of investors when the Fed announced a 0.5% interest rate cut (down to 1.00-1.25%). The Fed aims to stimulate economic growth when the spread of the corona virus is having a negative impact on the US economy. At the same time, the FED;s decision could create more monetary policy flexibility in developed countries to cope with the negative effects of the Sars-Cov-2 disease in the near future. In addition, foreign investors also maintained a strong net selling trend on both stock exchanges. Investors should trade cautiously and continue to closely monitor the news of Sars-Cov-2 disease.

Future contracts: Except for VN30F2004, all future contracts increased in today’s session. Investors should prioritize selling and buying back with target price around 825 points for long-term contracts.
Covered warrants: In the trading session on March 4, 2020, majority of underlying securities decreased, in contrast with underlying securities.  Trading volume increased strongly.

Technical analysis: ACV_Mid-term rebound
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -1.24 points, closed at 889.37. HNX-Index +1.44 points, closed at 114.02.
• Pulling up the index: HVN (+0.64); STB (+0.14); STB (+0.13); TPB (+0.13); GEG (+0.09).
• Pulling down the index: GAS (-1.06); BID (-0.88); VCB (-0.54); VNM (-0.25); SAB (-0.19).
• The matched value of VN-Index reached VND 2,652 billion, -9.1% compared to the previous session.
• The trading band was 7.78 points, narrowing from the previous session. The market has 164 gainers, 81 unchange and 133 losers.
• Foreign investors' net selling value: VND -357.71 billion on HOSE, including MSN (VND 46.6 billion), VHM (VND 42.0 billion) and TLG (VND 38.9 billion). Foreigners were net sellers on the HNX with a value of VND -142.55 billion.