20190826_BSC_Vietnam Daily Review_EN_Fear of trade war_TA_ MBB_ Breakout

Market outlook 
From the beginning of the morning, VN-Index was sunk in red as selling pressure covered most codes, especially pillar bluechips such as VHM, VCB, GAS. In the afternoon session, the decline was widened and the index closed below the reference level although it still remained at 980 points. The market had a synchronous session with the region as it continued to deepen before negative impacts from US trade tension - China became more and more profound. Accordingly, in response to China's taxation of US $ 75 billion of US goods, President Trump decided to impose 5% more tax on 550 billion Chinese goods. Facing the volatility of trade war, investors should be cautious and focus on good fundamental stocks.

Future contracts: All Future contracts decreased following the decline of the basic index. In terms of trading volume, all contracts fell. In terms of open positions, contracts increased. This signaled the expectation of price decrease in the short and medium term. Investors should prioritize selling and buying back with target price around 880 points for mid-term contract.
Covered warrants: In the trading session on August 26, 2019, most of the underlying warrants and securities declined. Trading volume increased.HPG is consolidating at the price level of 23 after failing to surpass the level 24. The liquidity is low, signaling the price rebound. However, technical indicators are showing signs of downward correction for the short term, and is likely to create downward pressure on this group's warrants in the upcoming sessions.

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

Highlights
• VN-Index -9.57 points, closing 982.88. HNX-Index -0.44 points, closing 102.81.
• Pulling up the index: MBB (+0.42); BID (+0.31); VPB (+0.22); PNJ (+0.06); DXG (+0.05).
• Pulling down index: VCB (-1.52); GAS (-1.39); VNM (-1.27); VHM (-1.08); HPG (-0.48).
• The matching value of VN-Index reached 3,318.22 billion, +20.83% compared to the previous session.
• The trading range is 7.61 points. The market has 96 gainers and 195 losers.
• Foreign net selling value: VND 197.48 billion on HOSE, including HPG (82.92 billion), GAS (33.31 billion) and VJC (13.94 billion). Foreign investors were net sellers on HNX with the value of VND 2.64 billion.