20171117_BSC_Vietnam Daily Review_EN_The correction_ BHN_Accumulating

Highlights
• After several consecutive gaining days, the correction took place on a large scale in the last trading session of the week.
• Leading stocks were VIC (+1.49 points), VRE (+0.43 points), ROS (+0.28 points), KDH (+0.23 points) and MBB (+0.20 points).
• The stocks that made the market fall were PLX (-0.78 points), CTG (-0.56 points), MSN (-0.44 points), VCB (-0.41 points) and GAS (-0.36 points).
• The market was red today, but there was no significant downside.
• The trading value of VN-Index in this session reached VND 4,187 billion. The daily trading range was 11.25 points. The market breadth was positive with 111 advancers / 168 decliners.
• At the end of the trading session today, HSX decreased 2.11 points, closing at 890.69 points. In contrast, the HNX increased 0.02 points to 108.34 points.
• Foreigners today net sold VND 205.04 billion on the HOSE focusing on VRE (VND 231.2 billion), VIC (VND 62 billion), SBT (VND 33 billion). In contrast, they net sold VND 2.82 billion on the HNX.

Market outlook
After several consecutive gaining days, the correction took place on a large scale today. This is mainly because of the profit-taking pressure of investors in some stocks such as FPT, PVD, PNJ. As noted from previous reports, this rhythm is reasonable as well as necessary to be able to "leverage" the market to higher levels. The positive point today was that although the profit-taking pressure was strong, it was not a sell-off and there was the potential for the demand. The market was red today, but there was no significant downside. According to BSC, the market is still optimistic as investors' attention to the stock market develops. Investors should hold fundamental stocks and wait for the moment to look for potential stocks at better prices.

Technical Analysis
BHN_Accumulating