20171208_BSC_Vietnam Daily Review_EN_Forming price level_TA_LPB_Buy_Taking profit of SMC

Highlights
• After a week of strong downtrend, the last trading session of the week showed recovery signals with the support of the major stocks returned.
• The leaders were MSN (+1.26 points), VNM (+1.14 points), VIC (+0.99 points), PLX (+0.72 points) and VRE (+0.71 points).
• The laggards were SAB (-2.5 points), VCB (-0.74 points), BHN (-0.45 points), HPG (-0.43 points) and CTG (-0.42 points).
• The liquidity tended to weaken compared to recent sessions showing that investors were cautious with the strongest correction of the stock market in 2017.
• The order matching of VN-Index in today session reached VND 3,601.7 billion. The trading range was 14.46 points. The market breadth was balance with 134 gainers / 143 losers.
• Ending the trading session today, VN-Index gained 1.51 points, closing at 940.16 points. In addition, the HNX-Index fell 0.72 points to 113.81 points.
• Foreign investors today net sold of VND 510.64 billion mainly on VIC (VND 400 billion), MSN (VND 29.5 billion) and DIG (VND 27.8 billion). Along with that, they net sold VND 14.11 billion on the HNX.

Market Outlook
The VN-Index and HNX-Index performed differently when VN-Index after many corrections showed a good rebound, the HNX-Index fell due to bad effects from the capital divestiture of SCIC at VCG (investors bought only 5.6% of the offered shares). In addition, this information had strongly affected the stocks in the divestment plan of SCIC such as BMP and NTP made these two stocks fell deeply. However, the positive signal is that the support from large cap stocks has gradually bounced back. According to BSC, the market will continue to recover in the next sessions, may focus in some sensitive market sectors such as Banking and Real estate.

TA
LPB_Buy_Taking profit of SMC