20200306_BSC_Vietnam Daily Review_EN_Narrowing the decline at last minute_TA_MSN_Double Bottom Pattern

Market outlook 
The negative movement of the US stock market partly affected the market today as VN-Index moved below the reference level in both morning and afternoon sessions with the pressure from blue-chips such as VHM, SAB, VIC, VJC, and CTG. The strong breakthrough of VCB at the end of the session only helped the index narrowing the drop but could not regain the green. Foreign investors continued net selling but the margin was narrowed compared to the previous sessions. In the context that the SARS-2-CoV epidemic continued to adversely affect production and business activities, the VN-Index may continue to move in the current cumulative trend in the coming sessions.

Future contracts: All future contracts decreased following VN30. Investors should prioritize buying with target price around 845 points for short-term contracts.
Covered warrants: In the trading session on March 6, 2020, most coverred warrants decreased following underlying securities. Trading volume increased.

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

Highlights
• VN-Index -1.87 points, closed at 891.44. HNX-Index -1.37 points, closed at 113.66.
• Pulling up the index: VCB (+1.54); MSN (+1.28); BID (+0.24); DXG (+0.14); SCS (+0.09).
• Pulling the index down: SAB (-1.15); VIC (-0.59); CTG (-0.38); VJC (-0.37); HVN (-0.34).
• The matched value of VN-Index reached 2,620 billion dong, -10% compared to the previous session.
• The trading band is 8.73 points. The market saw 148 gainers, 61 reference codes and 199 losers.
• Foreign net-selling value: VND 30.94 billion on the HOSE, including VIC (VND 23.67 billion), CII (VND 20.50 billion) and STB (VND 18.92 billion). Foreigners were net sellers on the HNX with a value of 6.26 billion dong.