20190816_BSC_Vietnam Daily Review_Recovery momentum_TA_ PC1_ Strong rebound

Market outlook 
Although the trade at the opening was cautious after the spectacular reversal yesterday, the VN-Index still gained slightly in the morning thanks to the increasing on Bluechips along with finance stocks. However, strong selling pressure in large-cap stocks such as FPT, MWG, PNJ at the end of the afternoon session narrowed the market's gaining momentum. At the end, VN-Index gained 0.62 points to close at 980 points. The market today witnessed the breakout of banking and securities stocks after VFM expects to raise 2 ETF funds for stocks with nearly room and financial stocks. Strong liquidity also was a bright spot in today's session. However, foreign investors continued net selling, showing that investors remained cautious before the resistance of 980 points.

Future contracts: Future contracts diverged in term of price. VN30F1909 and VN30F2003 increased, while VN30F1910 and VN30F1912 decreased. Investors should prioritize sellling and buying back at target price around 865 points for short-term contracts.
Covered warrants: In the trading session on August 16, 2019, the market was positive as the majority of coverred warrants increased following upward movement of underlying securities. Trading volume increased strongly. VNM had a positive gaining session. Technical indicators showed short-term trend of recovery for VNM, creating momentum for its coverred warrants to increase in the coming sessions.

Technical analysis_PC1_ Strong rebound
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +0.62 points, closed at 980.00. HNX-Index +0.68 points, closed 102.35.
• Pulling up the index: VNM (+1.09); VIC (+1.00); TCB (+0.97); BID (+0.93); PLX (+0.31).
• Pulling down the index: SAB (-1.65); VCB (-1.18); VHM (-0.49); MWG (-0.34); BVH (-0.26).
• The matching value of VN-Index reached VND 3,754.43 billion, +34.2% compared to the previous session.
• The trading range is 10.73 points. The market has 159 gainers and 151 losers.
• Foreign net selling value: VND 228.7 billion on HOSE, including HPG (99.03 billion), VJC (51.75 billion) and DXG (34.80 billion). Foreign investors were net sellers on HNX with the value of VND 18.98 billion.