20171122_BSC_Vietnam Daily Review_EN_Supported by Bank_TA_BID_Breakout

Highlights
• VN-Index exceeded 930 points thanks to the continued rise of large cap stocks.
• The top leaders were SAB (+3.71 points), BID (+2.12 points), CTG (+2.03 points), VCB (+1.76 points) and GAS (+1.22 points).
• The top laggards were VNM (-0.46 points), VIC (-0.99 points), VCF (-0.1 points), LGC (-0.09 points) and SBT (-0.07 points).
• Large-cap sectors like beer sector, banking sector, aviation sector and oil and gas sector increased, which helped VN-Index maintain the upward momentum.  
• The trading value of VN-Index in this session reached about VND 4,745 billion. The daily trading range was 11.53 points. The market breadth was fairly balanced with 151 advancers / 129 decliners.
• At the end of the trading session today, HSX increased 14.36 points, closing at 932.66 points. Similarly, the HNX increased 1.27 points to 109.29 points.
• Foreigners today net bought VND 15.15 billion on the HOSE focusing on VRE (VND 52.4 billion), VJC (VND 29.98 billion), BID (VND 29.7 billion). In contrast, they net sold VND 17.7 billion on the HNX.

Market Outlook
The market continued to have strong gains. Large capitalization stocks in Beer, Banking, Aviation and Oil and Gas sectors helped VN-Index to maintain the upward momentum. The rise of the market index also affected the small and medium stocks, such as PPC, DRC, NKG which have fairly increased. At the end of the session, VN-Index increased 14.36 points, surpassed 930 points with liquidity reached higher level of VND 4,700 billion. We recommend investors trading cautiously; avoid following by the positive signal of the market as the momentum is still concentrated in stocks with large capitalization while stocks of small and medium have yet attracted cash flow.

Technical Analysis
BID_Breakout