20190806_BSC_Vietnam Daily Review_EN_The decline continued_TA_LHG_ Accumulating

Market outlook 
From the beginning of the session, VN-Index dropped sharply and lost the important support level of 965 points with the selling pressure on blue-chips like VIC, VCB, VHM. In the afternoon, thanks to the impressive reversal of VIC, the index's decline was narrowed and VN-Index closed at 964.61 points. The cash flow of the market continued to flow into industrial sector with a surge in stocks such as KBC, GVR, BCM. The market continued to have a correction session similar to other countries in the region when US-China trade tensions showed signs of escalation and would likely spark a monetary war between the two powers. Influenced by poor macroeconomic information, VN-Index is likely to adjust to the old support zone of 940-950 points and accumulate around this area in the next sessions.

Future contracts: Future contracts decreased following downward movement of VN30. Investors should prioritize buying with target price around 880 points for short-term contracts and buying with target price around 890 points for longerer term contracts.
Coverred warrants: In the trading session on August 6, 2019, the market was negative as coverred warrants decreased following downward movement of underlying securities. Trading volume also decreased. Apart from MWG, technical indicators showed extended uptrend for underlying securities FPT and PNJ, creating momentum for their coverred warrants to increase in the coming sessions.

Technical analysis_LHG_ Accumulating
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index -8.54 points, closing 964.61. HNX-Index -1.02 points, closed 101.89.
• Pulling up the index: VIC (+1.83); PNJ (+0.21); HNG (+0.15); KBC (+0.14); VCF (+0.10).
• Pulling down the index: VHM (-1.67); VCB (-1.20); GAS (-1.11); VNM (-0.92); MSN (-0.61).
• The matching value of VN-Index reached VND 3,595.68 billion, + 6.68% compared to the previous session.
• The trading range is 7.73 points. There were 101 gainers and 208 losers.
• Foreign investors' net selling value: VND 243.15 billion on HOSE, including HPG (59.06 billion), MSN (46.47 billion) and VJC (40.70 billion). Foreign investors were net sellers on HNX with the value of VND 26.79 billion.