20200312_BSC_Vietnam Daily Review_EN_Declined according to worldwide movements_TA_TNG_Testing the bottom level

Market outlook 
The negative reaction of major markets in the world to President Trump's move to restrict travel between the US and Europe has greatly affected the VN-Index. The index sank in red right from the beginning of the morning and moved mainly below the reference level in the whole trading time. Market breadth was fully tilted to the sellers with 344 losers; in VN30 group, there were 9 stocks going to the floor. Unfavorable movements of the market at the moment are shown by (1) higher liquidity than previous sessions, (2) foreign investors maintained a strong net selling status and (3) both short-term and second quarter future contracts dropped sharply. In the context of WHO declaring SARS-CoV-2 as a pandemic, BSC maintains that investors should remain cautious and limit disbursement in the presence of risks.

Future contracts: Future contracts all dropped today in agreement with the declining status of the index. Investors should prioritize buying with target price around 800 points for short-term contracts.
Covered warrants: In the trading session on March 12th 2020, underlying securities almost went down, except MSN stood still, leading to the fact that covered warrants mostly in red. Trading volume increased slightly compared to the previous session.

Technical analysis: TNG_Testing the bottom level
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -42.1 points, closed at 769.25. HNX-Index -3.6 points, closed at 101.92.
• Pulling up the index: CAV (+0.06); QCG (+0.05); YEG (+0.04); VCF (+0.02); LDG (+0.02).
• Pulling the index down: VCB (-5.63); VIC (-5.12); VHM (-4.28); BID (-3.16); GAS (-2.41).
• The matched value of VN-Index reached VND 4,347 billion, + 5.87% compared to the previous session.
• Amplitude is 15.94 points. The market has 53 gainers, 26 reference codes and 344 losers.
• Foreign net-selling value: VND 438.76 billion on HOSE, including VIC (VND 86.51 billion), HPG (VND 72.49 billion) and VJC (VND 57.28 billion). Foreigners were net sellers on the HNX with a value of 12.79 billion dong.