20171201_BSC_Vietnam Daily Review_VN_Support from large-cap stock_TA_PTB_ Accumulating

Highlights
• The market rally in the last trading session of the week thanks to large cap stocks, especially VNM, PLX and GAS.
• Leaders included VNM (+5.07 points), PLX (+1.55 points), GAS (+1.51 points), MSN (+0.60 points) and VRE (+0.35 points).
• Laggard are CTG (-0.34 points), VCB (-0.27 points), BHN (-0.26 points), BID (-0.19 points) and STB (-0.07 points).
• Petroleum and electricity stocks gained sharply while the banking group experience correction.
• The trading value of VN-Index in this session reached VND 4,363 billion. The daily trading range was 7.57 points. The market breadth was 160 gainers / 103 loser.
•At the end of the trading session today, the VN-Index gained 10.4 points, closing at 960.33 points. In addition, the HNX-Index rose 0.77 points to 115.49 points.
• Foreign investors today were net buyers of VND 141.19 billion on HOSE, VNM (VND 99.59 billion), HPG (VND 17.9 billion) and CII (VND 16.5 billion). However, they net sold 53.26 billion on the HNX.

Market outlook
 Since the opening of the last trading day of the week, large-cap stocks, especially VNI, PLX, and MSN, have increased sharply, helping market index to break out. In addition, Petrolium and electricity are two sectors of the day with positive information. Specifically, with retail electricity prices increased by 6%, the power sector stocks such as REE, BTP, PPC were very strong bullish. In the opposite direction, stocks that have been divested have gradually cooled down and are subject to correction, especially NTP as most shareholder used to veto right to disapprove increase of the foreign ownership. Money flows today tend to weaken for stocks in VN30 and spread to the penny stocks as well as small and medium real estate stocks, making the market to increase. BSC believed that although the liquidity was lower than yesterday but still maintained at high level as well as the support from the large-cap stocks will help the market index to increase over time short-term.

Technical Analysis
PTB_ Accumulating