20171222_BSC_Vietnam Daily Review_EN_Recovery_TA_EVE_Mainntain uptrend

Highlights
• VN Index increased more than 6 points thanks to the rise of many large-cap stocks.
• The leaders were VCB (+3.09 points), VIC (+2.56 points), GAS (+0.50 points), SAB (+0.43 points) and BVH (+0.31 points).
• The laggards were VNM (-0.54 points), BID (-0.45 points), PLX (-0.34 points), VRE (-0.28 points) and CTD (-0.11 points).
• Today, oil stocks had recovered after the huge profit-taking pressure.
• The trading value of VN-Index in this session reached about VND 3,664 billion. The daily trading range was 7.52 points. The market breadth was balanced with 124 advancers / 148 decliners.
• At the end of the trading session today, HSX increased 6.26 points, closing at 952.32 points. In contrast, the HNX decreased 0.53 points to 113.03 points.
• Foreigners today net bought VND 219.56 billion on the HOSE focusing on HPG (VND 161.1 billion), VCB (VND 42.3 billion), VNM (VND 40.7 billion). In contrast, they net sold VND 7.19 billion on the HNX.



Market outlook
The market today has a relative gaining session and VIC together with VCB were two large stocks with strong increase, which was the main driving force for VN-Index up 6.26 points. Today, oil stocks have recovered after heavy profit taking. The transaction of over 16.7 million VNM shares by foreign investors with a total value of nearly VND 3,400 billion was the highlight of the market today. The decreased of market liquidity compared to the previous session and the number of losers accounted for the majority has expressed the carefulness of investors. BSC forecasts that the market will continue to accumulate around 950 points, so investors can spend time looking for opportunities in good fundamental stocks with strong result in the fourth quarter of 2017.
 

TA _EVE_Maintain uptrend