20190828_BSC_Vietnam Daily Review_EN_A slight rebound_TA_ VHM_ Short-term consolidation

Market outlook 
In the morning, VN-Index recovered slightly thanks to the concentrated purchasing power at market-leading bluechips such as VCB, GAS, and VHM. In the afternoon, the index's gaining momentum was maintained thanks to VCB, SAB, and NLV expanding the gain range. The market recovered slightly with a net buying of foreign investors after many net selling sessions. However, the strong drop in liquidity also showed that investors are still maintaining cautious psychology when the trade war between China and the US has not had any new information.

Future contracts: Except for VN30F1909, other contracts increased slightly in contrast to VN30. Investors should still prioritize buying with target price around 890 points for medium-term contracts.
Covered warrants: In the trading session on August 28, 2019, the market was negative as the majority of coverred warrants decreased following downward movement of underlying securities. Trading volume decreased. PNJ continues to decrease after failing to surpass the level 90. Liquidity is at low level, confirming the downtrend of PNJ. Technical indicators also show signs of downward correction, creating downward pressure on its coverred warrant in the coming sessions.

Technical analysis: VHM_ Short-term consolidation
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +0.47 points, closing at 977.26. HNX-Index -0.53 points, closing at 102.32.
• Pulling up the index: VCB (+0.55); SAB (+0.36); NVL (+0.33); HNG (+0.31); GAS (+0.22).
• Pulling the index down: VIC (-0.49); HVN (-0.21); POW (-0.16); FPT (-0.14); HPG (-0.12).
• The matched value of VN-Index reached 2,423.07 billion, -26.7% compared to the previous session.
• The trading band is 4.25 points. The market has 122 gainers and 190 losers.
• Foreign net buying value: 31.03 billion on the HOSE, including CTI (32.56 billion), NVL (26.05 billion) and PVD (9.81 billion). Foreigners were net sellers on the HNX with a value of 4.93 billion.