20171221_BSC_Vietnam Daily Review_EN_Unexpected Movement_TA_SAB_Buy

Highlights
• Although falling at the beginning of the session, the stock market quickly recovered and fluctuated during the session. However, strong selling pressure in the ATC session caused the market to fall sharply.
• The leaders were VRE (+1.7 points), VNM (+1.03 points), GAS (+0.21 points), BVH (+0.18 points) and DCM (+0.17 points).
• The laggards were SAB (-4.38 points), ROS (-1.27 points), MSN (-1.25 points), VCB (-0.67 points) and VIC (-0.49 points).
• Division was occurring on a large scale, causing the market to fluctuate in continuous order matching session.
• The order matching value of VN-Index in this session reached VND 4,289 billion. The trading range for today was 11.5 points. The market was negative with 110 advancers / 163 decliners.
• Ending the trading session today, VN-Index dropped 7.45 points, closing at 946.06 points. In addition, the HNX-Index also dropped 0.38 points to 113.57 points.
• Foreign investors today were net buyers of VND 202.2 billion on HOSE, focusing on HPG (VND 120.5 billion), VRE (VND 53.2 billion) and NLG (VND 34.8 billion). Besides, they net sold VND 1.3 billion on the HNX.

Market Outlook
The stock market today fluctuated in which the support were VIC, VRE and VNM while the opposite were SAB and ROS. However, at the ATC session, many stocks were sold strongly, especially VN30 stocks such as VIC, MSN, DHG. This might be a move to restructure portfolio of investors for upcoming information. It can be seen that despite the sharp drop, the liquidity of VN30 showed signs of recovery as well as the liquidity of the market continued to be maintained at high levels. BSC believed the stock market was still in the short-term accumulation phase. In particular, leading stocks such as HPG, FPT, PNJ continue to maintain the momentum which would be a major driving force for the market to develop sustainably. In addition, it is recommended that investors should not buy speculative stocks in this time.

TA
SAB_Buy