20190808_BSC_Vietnam Daily Review_EN_Positive rebound_TA_BVH_Positive reversal

Market outlook 
In the morning, VN-Index struggled around the reference level before breaking out thanks to increasing buying power of large-cap stocks like VIC, VCB, VHM. In the afternoon, derived from the pull of the Vin family, the gaining momentum was widened and the index closed at 975.24 points. Foreign investors remained net sellers today although selling pressure was lower than previous sessions. VN-Index had a positive trading session in accordance with the general trend in the region along with clear improvement in liquidity thanks to the market easing action of the central banks of the world. Among them is the central bank of China, which fixed the central exchange rate of RMB7,039 to USD1, stronger than experts' forecast. This shows that the central bank is trying to keep the currency relatively stable.

Future contracts: Future contracts increased following upward movement of VN30. Investors should prioritize selling and buying back around 865 points for short-term contracts, and should prioritize buying with target price around 880 points for longerer term contracts.
Covered warrants: In the trading session on August 8, 2019, the market was positive as the majority of coverred warrants increased.  Underlying securities diverged in term of price. Trading volume increased slightly. Technical indicators show short-term trend of recovery for HPG, creating momentum for its coverred warrants to increase in the coming sessions. However, in medium term, HPG operates in extended downtrend, and may create downward pressure on its coverred warrants when it aprroaches the resistance level of 27 and 33.

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

Highlights
• VN-Index +9.31 points, closing 975.24. HNX-Index +1.01 points, closing 102.90.
• Pulling up the index: VIC (+4.05); VHM (+1.50); HPG (+1.02); BVH (+0.95); VRE (+0.55).
• Pulling down index: NVL (-0.18); MWG (-0.13); PNJ (-0.11); CTD (-0.06); BHN (-0.05).
• The matching value of VN-Index reached VND 3,450.87 billion, + 22.98% compared to the previous session.
• The trading range is 11.62 points. The market has 192 gainers and 112 losers.
• Foreign investors' net selling value: VND 121.21 billion on HOSE, including VJC (48.97 billion), SSI (22.04 billion) and KBC (18.52 billion). Foreign investors were net sellers on HNX with the value of VND 1.79 billion.