20171129_BSC_Vietnam Daily Review_VN_Pierced level of 950 points_TA_PXS_Breakout

Highlights
• After a period of fluctuations during the opening session, the VN-Index strongly rebounded at the end of the morning session as well as in the ATC session.
• The leaders were SAB (+4.58 points), CTG (+1.40 points), VCB (+1.08 points), BVH (+0.90 points) and PLX (+0.83 points).
• The laggards were ROS (-2.30 points), VRE (-0.29 points), BWE (-0.09 points), BCI (-0.07 points) and IDI (-0.06 points).
• Two prominent stocks yesterday were SAB and DIG which kept up the good momentum, together with the Banking and Securities sector pulled the market index up sharply.
• The transaction value of VN-Index today reached VND 4,624 billion. The daily trading range was 11.74 points. The market breadth was slightly positive with 149 gainers and 124 losers.
• Ending the trading session today, the VN-Index gained 10.93 points, closing at 952.14 points. Along the trend, the HNX-Index rose 2.45 points to 113.95 points.
• Foreign investors today were net buyers of VND 1.18 billion on HOSE, focusing on VJC (VND 27.2 billion), STB (VND 26.7 billion) and SSI (VND 15.7 billion). Together with that, they net bought VND 245.83 billion on HNX concentrated in VPI (VND 285 billion).

Market Outlook
Although the market was hesitant in the opening the session, the market quickly regained the momentum. Particularly, the most noticeable group was the group of divested stocks such as SAB, VCG, DIG, NTP, BMP, besides, large cap stocks, stocks in Banking and Securities sectors had increased sharply with high trading volume. The VN-Index had successfully pierced the level of 950 points, coupled with the fact that liquidity and market breadth still remain high, indicating the potential of the market. With so many positive signals, BSC believe that the market is still in strong momentum, investors can increase the stock proportion at good basic stocks are attracting cash flow.

Technical Analysis
PXS_Breakout