20171212_BSC_Vietnam Daily Review_VN_Shifting unexpectedly_PTPT_HT1_Correction

Highlights
• The stock market is shifting unexpectedly. Only in the afternoon session, the VN-Index has fluctuated in a range more than 30 points
• The leaders were SAB (+4.8 points), GAS (+2.72 points), VNM (+1.9 points), BHN (+0.75 points) and VRE (+0.71 points).
• The laggards were VIC (-0.79 points), HPG (-0.28 points), BVH (-0.25 points), PLX (-0.15 points) and KDC (-0.08 points).
• Opening the afternoon trading session, the Banking stocks hit the floor price, causing the VN-Index to drop below the 900 level.
• The order matching value of VN-Index in today session reached VND 5,099.7 billion. The trading range for today was 35.39 points. The market breadth was negative today with 105 advancers / 182 decliners.
• Ending the trading session today, the VN-Index gained 9.8 points, closing at 927.25 points. In addition, the HNX-Index fell 0.87 points to 110.91 points.
• Foreigners today were net sellers of VND 165.61 billion on HOSE, focusing on NVL (VND 327.6 billion), SAB (VND 39.5 billion) and DIG (VND 25 billion). Along with that, they net bought VND 21.88 billion on the HNX.

Market Outlooks
The stock market was optimistic at the beginning of the session thanks to the news that investors have registered to buy 25% of SAB shares have pulled this stock to the ceiling price. Along with that, BHN and VNM helped the VN-Index gain more than 10 points after ATO session. However, the opening of the afternoon trading session, the Banking stocks hit the floor price strongly affected the market, there was the time that the VN-Index decreased more than 20 points, below the 900 level. But right after that, the demand of investors helped the market recover. In addition, the oil and gas sector has contributed a lot to the rise of the market. Market liquidity today also recovered significantly compared to recent sessions, showing good recovery signals after a declining streak. BSC believes that the market is just undergoing some corrections while the medium to long term trend of the market is growth.

TA
HT1_Correction