20171130_BSC_Vietnam Daily Review_EN_Correction_TA_FCN_Buy

Highlights
• The stock market opened quite positive but corrected strongly in the afternoon session.
• The leaders were HPG (+1.08 points), VNM (+0.93 points), BHN (+0.84 points), VPB (+0.53 points) and MBB (+0.41 points).
• The laggards were SAB (-2.41 points), VIC (-1.69 points), MSN (-1.26 points), VCB (-0.68 points) and VRE (-0.29 points).
• Diversification is taking place in the market as well as in VN30.
• The transaction value of VN-Index in today session reached VND 5,249 billion. The trading range was 10.18 points today. The market breadth was slightly positive with 153 gainers/128 losers.
• Ending the trading session today, VN-Index dropped 2.21 points, closing at 949.93 points. In contrast, the HNX-Index gained 0.77 points to 114.72 points.
• Foreign investors today net bought VND 19.87 billion on the HOSE focusing on HPG (VND 59.9 billion), VCI (VND 41.5 billion), and VJC (VND 40.2 billion). In addition, they net sold VND 13.49 billion on the HNX.

Market Outlook
The stock market fluctuated strongly in the last trading day of November. Specifically, the VN-Index corrected due to the large capitalization stocks were under selling pressure when increased significantly in this week such as SAB, VIC, MSN. Meanwhile, liquidity continued to rise, focusing on financial sectors such as Banking and Securities; and small and medium stocks with market factors. In general, the stock market is still attracting the attention of investors as green colour is dominating. BSC recommends investors can seek profit in the time when the market is fairly active, but should also observe and avoid speculative stocks which only attract short-term cash flow.

Technical Analysis
FCN_Buy