20171211_BSC_Vietnam Daily Review_EN_The strongest correction_TA_HHS_Continue advancing

Highlights
• At the opening of the first trading day of the week, the indexes dropped significantly, especially at the late afternoon and ATC session.
• The leaders were VNM (+1.58 points), VJC (+0.57 points), TCH (+0.2 points), CMG (+0.04 points) and MSN (+0.04 points).
• The laggards were SAB (-3.84 points), VCB (-3.3 points), CTG (-2.23 points), GAS (-1.79 points) and ROS (-1.64 points).
• The correction still took place on a wide scale. Banking, Securities, Real estate were the strongest decrease sectors today.
• The order matching value of VN-Index in this session reached VND 3,761.7 billion. The trading range was 19.48 points. The market was negative with 76 advancers / 217 losers.
• VN-Index dropped sharply 22.71 points, closing at 917.45 points. Along with that, the HNX-Index decreased 2.03 points to 111.78 points.
• Foreigners today were net sellers with VND 16.79 billion on HOSE, focusing on SSI (VND 16.9 billion), DIG (VND 16.8 billion) and SAB (VND 14 billion). Besides, they net bought VND 20.79 billion on HNX.

Market Outlook
Today's correction is the strongest correction in 2017, the political factor also affected strongly to the decline of stocks especially in some sectors such as Banking, Securities, Real Estate. Besides, the price of SAB has fallen much lower than the starting price in the SCIC divestiture announcement day. With the information is not very positive, investors were quite pessimistic with the current market situation, as evidence that the number of decliners in today session was three times more than the number of advancers. BSC noted that the current market was quite sensitive to the information disclosure, investors should not join the stock market when the risk is getting higher. However, it is also possible to consider to buy some stocks with good prospects because when the effect of negative information reduced, it is also the time of business results in Q4 as well as FY2017.

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