20171205_BSC_Vietnam Daily Review_EN_Strong Correction_TA_CVT_Uptrend

Highlights
• Red color was the dominant color in today session when the market lost the support level from the key stocks.
• The leaders were GAS (+1.73 points), PLX (+0.49 points), MSN (+0.3 points), SBT (+0.29 points) and SAB (+0.17 points).
• The laggards were ROS (-1.83 points), VNM (-1.36 points), VIC (-1.09 points), VCB (-0.81 points) and CTG (-0.7 points).
• Large cap stocks have had a negative impact on the market, especially banking, oil and gas, while rubber is gaining much attention.
• The trading value of VN-Index in this session reached VND 5,978.7 billion. The trading range for today was 21.5 points. The market was strongly negative today with 102 gainers / 189 losers.
• Ending the trading session today, VN-Index dropped sharply by 16.72 points to close at 953.3 points. At the same time, HNX-Index decreased 3.48 points to 113.23 points.
• Foreign investors today were net buyers of VND 138.41 billion on HOSE focusing on NLG (VND 33.6 billion), PLX (VND 25.3 billion) and HT1 (VND 21.8 billion). Along with that, they net sold VND 10.99 billion on the HNX.

Market Outlook
In this trading day, the indexes were strongly corrected due to selling pressure after many consecutive gaining days. Key stocks plunged, causing the market to lose support threshold. Particularly, in VN30, there were 26 losers while only 3 advancers. The large-cap stocks sold out strongly influenced the investors' sentiment, concurrently are the negative impact on small and medium caps. The highlight of the day was the stocks of rubber industry when the ceiling price. According to BSC, this was considered as a necessary correction of the market when the index was being soared too fast, despite the sharp drop, but the liquidity continued to increase sharply showed the demand of investors was still very strong positive information might help the market index rebound in the upcoming sessions.

TA
CVT_Uptrend