20171206_BSC_Vietnam Daily Review_EN_Selling pressure_TA_SBT_Accumulating

Highlights
• Today trading session continued to be a strong correction of VN-Index as the profit taking pressure increased.
• The leaders were BVH (+0.48 points), GAS (+0.43 points), HPG (+0.37 points), STB (+0.18 points) and VCF (+0.15 points).
• The laggards were VNM (-2.18 points), ROS (-1.17 points), BHN (-0.87 points), VRE (-0.64 points) and MSN (-0.52 points).
• The downward momentum of the key stocks negatively impacted the market stock, but there were bottom-fishing activities of investors which helped the indexes not to drop too deep.
• The trading value of VN-Index today reached VND 5,303.8 billion. The trading range was 18.08 points today. The market breadth was strongly negative with 110 advancers / 172 decliners.
• Ending the trading session today, VN-Index dropped 5.66 points, closing at 947.64 points. Along with that, the HNX-Index rose 0.14 points to 113.37 points.
• Foreign investors today net sold VND 574.47 billion on the HOSE, including NVL (VND 368.4 billion), VNM (VND 90.5 billion), and VIC (VND 61.7 billion). In addition, they net bought VND 2.92 billion on the HNX.

Market Outlook
The strong selling pressure at the beginning of morning and afternoon sessions made the market submerged in red color, VN30 stocks continued to decline significantly as the main factor pulling down the market index. However, along with the strong drop was the demand of the investors, especially in some large-cap stocks in ATC session, which help VN-Index only lost 6 points instead of 20 points. The high liquidity of the market also showed that new cash flow from the outside has been invested into the stock market quite a lot. In addition, small and medium cap stocks continued to perform well. BSC believed that after several consecutive days of strong gains, the market was experiencing technical corrections. Investors might observe the declines to buy the stocks with good fundamental factors which have fallen significantly in the last two sessions.

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SBT_Accumulation