Investment Recommendation

20191211_BSC_Vietnam Daily Review_EN_Last minute increase_TA_CTR_ Positive

  • Date

    11/12/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    47

Detailed report

Market outlook 
For most of the time in the morning and afternoon session, VN-Index only moved below reference level. However, in the last minutes, the strong pull from the Banking sector with stocks such as VCB, MBB, TCB, BID, VPB helped the index regain the green color and kept the 960 point level. In general, although there was an improvement in the score, the market saw a gloomy session when the liquidity dropped and foreign investors still saw a strong net selling. The cautious sentiment of the market will continue to be maintained in the context that major central banks in the world such as FED and ECB are entering the last important policy meetings of this year.

Future contracts: All future contracts increased following VN30. Investors should prioritize buying with target price around 895 points for long-term contracts.
Covered warrants: In the trading session on December 11, 2019, majority of coverred warrants increased following underlying securities. Trading volume decreased. PNJ recovered positively after an extended downward adjustment to support level of 79. Liquidity increased, confirming signal for increase according to momentum indicators. Upward movement of PNJ could create upward momentum on its warrants in the coming sessions.

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

Highlights
• VN-Index +1.48 points, closed at 961.78. HNX-Index +0.34 points, closed at 102.38.
• Pulling up the index: VCB (+0.55); MBB (+0.49); TCB (+0.31); MWG (+0.26); BID (+0.23).
• Pulling the index down: VHM (-0.39); PLX (-0.31); MSN (-0.30); CTG (-0.21); PHR (-0.08).
• The matched value of VN-Index reached VND 2,911 billion, -11.25% compared to the previous session.
• The fluctuation band is 7.22 points. The market saw 161 gainers, 67 reference codes and 152 losers.
• Foreign net selling value: 167.35 billion dong on HOSE, including MSN (57.55 billion), SGN (42.94 billion) and VHM (21.90 billion). Foreigners were net sellers on the HNX with a value of 0.09 billion dong.

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