Investment Recommendation

20191003_BSC_Vietnam Daily Review_EN_Volatility in ATC session_TA_LCG_ Uptrend

  • Date

    03/10/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    103

Detailed report

Market outlook 
Following the decline of the previous session, VN-Index opened in the morning sunk in the red when weak support from BID, MSN, NVL could not delay the decline of blue-chips such as VCB, GAS, and VIC. In the afternoon, the index mainly moved below reference level before rebounding to go up again in ATC session when VNM gained impressively. In general, the market saw a less positive session as trade tensions between the US and EU escalated with the WTO decision supporting the move to apply tax on USD 7.5 billion European goods. However, the fluctuations at the end of the session still showed that the 990 point level is still a quite strong support level for the market at this time.

Future contracts: Future contracts decreased following VN30. Investors should prioritize selling and buying back with target price around 910 points for long-term contracts.
Covered warrants: In the trading session on October 3, 2019, majority of coverred warrants increased in contrast with underlying securities. Trading volume increased.DPM accumulated at 13.5 after touching support level of 12.5. Liquidity remained low level. Technical indicators showed bearish signal in the short term and bullish signal in medium term. Upward adjustment of DPM may create upward momentum on its warrant in the medium term.

Technical analysis: LCG_ Uptrend
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +1.26 points, closed at 992.45. HNX-Index -0.05 points, closed at 105.21.
• Pull up the index: BID (+1.08); VNM (+1.04); MSN (+0.35); VHM (+0.30); HT1 (+0.12).
• Pulling the index down: GAS (-0.83); SAB (-0.54); HPG (-0.16); HVN (-0.14); POW (-0.13).
• The matched value of VN-Index reached 3,251 billion, -8.9% compared to the previous session.
• The range is 9.1 points. The market saw 142 gainers, 63 reference codes and 164 losers.
• Foreign net selling value: 202.09 billion on HOSE, including VCB (44.04 billion), VRE (41.14 billion) and HPG (27.50 billion). Foreigners were net buyers on the HNX with a value of 4.14 billion.


 

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