20171219_BSC_Vietnam Daily Review_Fluctuating Market_TA_PVD_Maintaining uptrend

Highlights
• The stock market was fluctuating strongly today, although it was pulled up above the reference level at the beginning of the afternoon session. However, selling pressure dragged VN-Index fall.
• The leaders were ROS (+1.8 points), PLX (+0.53 points), BVH (+0.43 points), VJC (+0.4 points) and HPG (+0.34 points).
• The laggards were SAB (-5.18 points), GAS (-1.5 points), VNM (-1.08 points), CTG (-0.63 points) and BHN (-0.51 points).
• After yesterday's boom, banking sector was under taking-profit pressure from investors, along with real estate while the Oil & Gas sector still rose well (excluding GAS due to the previous sharp increase).
• The order matching value of VN-Index today reached VND 4,830.5 billion. The trading range was 11.76 points. The market breadth was negative with 112 gainers and 164 losers.
• Ending the trading session today, VN-Index decreased 6.64 points, closed at 951.42 points. In addition, the HNX-Index also dropped 0.36 points to 113.36 points.
• Foreign investors today were net buyers with VND 254 billion on HOSE, focused on VCI (VND 58.5 billion), DXG (VND 37.6 billion), and SSI (VND 37 billion). In addition, they net bought VND 15.32 billion on HNX.

Market Outlook
VN-Index fluctuated for most of the trading time, however selling pressure increased sharply in the late afternoon session. Contrary to VNM, despite successful auction with high price, SAB hit the floor price today, together with the stocks of Banking and Real Estate were the factor pulling down market. However, stocks with good expected Q4 business results, which attracted cash flow from investors, increased positively and were the main supports for the market such as VJC and HPG. BSC believed that the market will quickly recover in the upcoming sessions as liquidity is gradually recovering in the Q4 business results period. However, investors should limit buying stocks with high market factors when there were signs of decline in this group in today trading session.

TA
PVD_Maintaining uptrend