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Daily Highlight – July 20, 2016 – Vn-Index -7.50 points [660.26]

Loại báo cáo:	Báo cáo Asean Securities
Nguồn báo cáo:	Công ty cổ phần chứng khoán Đông Nam Á
CORPORATE NEWS NNC: Chairman of Board registered to purchase 500,000 shares PVR: MHD Vina Invest JSC registered to sell 12,483,100 shares SD6: Chairman of Board registered to sell 164,095 shares HIG: Vietnam Investments Fund I, L.P. registered to purchase 417,925 shares VIETNAM MACROECONOMIC NEWS Petrol price down VND 665 per litre Vietnam’s growth forecast downgraded, mid-term outlook positive On July 20: The central rate of VND/USD is VND 21,888 per US dollar, up VND 5 from the day earlier In the morning of July 20: The buying and selling prices of SJC gold touched VND36.62 million and VND36.72 million, respectively INTERNATIONAL NEWS On July 19: The Dow Jones rose 25.96 points, or 0.14 percent, to 18,559.01 On July 19: WTI fell 59 cents, or 1.3 percent, to settle at $44.65 FOREIGNER TRADING STATISTICS Today, foreigners were net-buyers on both the Hochiminh stock exchange (HOSE) and the Hanoi Stock Exchange (HNX) for VND 53.05 billion. On HOSE, foreign investors net bought VND 33.82 billion. On HNX, foreign investors registered their net-buying status for VND 19.2 billion. TECHNICAL ANALYSIS Analysis: Based on the moving of technical indicators, we believe that Vn-Index will test the nearest resistance range 660 – 680. Recommendation: In a negative scenario, when the index may correct, the nearest support range of Vn-Index is forecast at 620 – 640, where traders can take T+ buying for the short-term position. In a positive scenario, when the index may rebound, the nearest resistance range of Vn-Index is forecast at 660 – 680, where traders can sell a part of the existing short-term portfolio. Based on Kelly formula, the recommended proportion of the portfolio is 30% cash/ 70% stocks. INDUSTRY PERFORMANCE Real estate [-2.79%], Rubber [+0.03%], Securities [-1.36%], Technology [-0.34%], Oil & Gas [-0.98%], Services [-1.01%], Pharmaceuticals [-0.56%],…Please see the attached file for more details.