20171214_BSC_Vietnam Daily Review_EN_Recovery_TA_FPT_Rising

Highlights
• Investors are still cautious at the beginning of the morning, as the market was recovering at the end of the day.
• The leaders were VNM (+3.36 points), VCB (+1.75 points), CTG (+1.6 points), PLX (+1.21 points) and BID (+0.7 points).
• The laggards were SAB (-1.2 points), GAS (-0.57 points), VRE (-0.46 points), NVL (-0.16 points) and TCH (-0.09 points).
• The gainers took a large part of the market today after a deep drop recently, however Oil and Gas sector have been adjusted due to the drop in world oil prices.
• The order matching value of VN-Index in this session reached VND 3,145.6 billion. The trading range was 12.3 points. The market breadth was strongly positive today with 198 advancers / 83 decliners.
• Ending the trading session today, the VN-Index gained 11.45 points, closing at 935.85 points. Along with that, the HNX-Index increased 1.02 points to 111.47 points.
• Foreign investors today were net sellers with VND 65.51 billion on HOSE, followed by NVL (VND 122.2 billion), SAB (VND 20.4 billion) and VJC (VND 14.7 billion). In addition, they net sold VND 5.82 billion on the HNX.

Market Outlook
The stock market was in a strong volatility, the recovery today was the effect of the adjustment in recent sessions. However, liquidity was at a medium level, indicating that investor sentiment was still very cautious. In the trading session, Bank sector and large cap stocks such as VNM, PLX and MSN led the recovery trend of the market. Besides, the uptrend also spread out on large scale as small and mid cap stocks were attracting investors' cash flow. In the opposite direction, Oil and Gas was the main sector that has constrained the recovery of the market as world oil prices continued to decline. BSC believed that the amplitude of the market in recent weeks was quite wide so the strong increase session today has not been sustainable, investors should keep observing and waiting for more market movements due to the smart cash flow have not turned back.

TA
FPT_Rising