20171220_BSC_Vietnam Daily Review_VN_Dividing Market_TA_MBB_Maintaining uptrend

Highlights
• The stock market continued to fluctuate during the session, however, thanks to the support of large cap stocks, VN-Index and HNX-Index still increased. In the opposite direction, SAB had the second consecutive crashing session and was the main factor holding back the market.
• The leaders were VNM (+4.34 points), GAS (+3.93 points), VIC (+3.7 points), VCB (+2.4 points) and ROS (+1.68 points).
• The laggards were EIB (-0.11 points), KDH (-0.09 points), TCH (-0.09 points), CMG (-0.08 points) and NVL (-0.07 points).
• During today trading session, the market divided but the major sectors recovered such as Banking and Real Estate, while Securities and Oil&Gas continued to increase strongly. In the opposite direction, sectors such as Pharmaceuticals, Fertilizer fell sharply
• The order matching value of VN-Index in today session reached VND 4,283.9 billion. The trading range for today was 13.7 points. The market breadth was balance with 134 gainers / 149 losers.
• Ending today trading session, VN-Index gained 2.09 points, closed at 953.51 points. In addition, the HNX-Index also rose by 0.59 points to 113.95 points.
• Foreign investors today were net buyers of VND VND 142.3 billion on HOSE, focusing on HPG (VND 61.4 billion), VCB (VND 31.3 billion) and VRE (VND 25.3 billion). Along with that, they also bought a net of VND 18.39 billion on the HNX.

Market Outlook
Although the number of decliners was still higher than the number of advancers, it was considered as a positive trading session of VN-Index. Stocks with good fundamentals, high expectations on Q4 results were gradually rebounding and getting the attention of investors. Although the order-matching value was weakened, the selling pressure was not as strong as in the previous trading days, showing a good expectation of investors in Q4. In addition, there were some investors buying SAB stocks which will be a good signal, partly helping it to rebound. BSC believed that the market is gradually overcome the strong correction and ready to conquer the new peak when the Q4 result that will attract large amounts of cash flow. Investors can observe the market and increase their stock proportion of good fundamental stocks.

TA
MBB_Maintaining uptrend