20171225_BSC_Vietnam Daily Review_EN_Strong Division_TA_HPG_Correction

Highlights
• The first trading session of the week was fairly bleak but the market index still increased thanks to the supporting of large cap stocks such as SAB, VIC, PLX.
• The leaders were SAB (+3.26 points), VIC (+2.37 points), PLX (+1.4 points), BVH (+0.97 points) and GAS (+0.86 points).
• The laggards were VNM (-1.57 points), VRE (-0.57 points), HPG (-0.28 points), VPB (-0.28 points) and TCH (-0.19 points).
• The market continued to divide especially in the VN30 stocks, causing the trading range was getting narrow.
• The order matching value of VN-Index in this session reached VND 2,913.6 billion. The trading range was 6.16. The market breadth was negative with 112 gainers / 169 losers.
• Ending the trading session today, VN-Index gained 5.99 points, closing at 958.31 points. In addition, the HNX-Index also increased 0.2 points to 113.23 points.
• Foreign investors today were net sellers of VND 96.77 billion on HOSE, focusing on NVL (VND 124.1 billion), VNM (VND 7.4 billion) and DHG (VND 5.2 billion). In addition, they net sold VND 250.41 million on HNX.

Market Outlook
In general, the red color was dominating but the market still increased thanks to the strong support from large cap stocks which have undergone strong corrections such as SAB, VIC, BVH and VCB. In particular, Banking (except VCB), Fertilizers, Electricity, Seaports were strong corrected sectors while the division was taking place in most of the rest. In addition, the sharp drop in liquidity today will be a factor that will halt the breakout of the market in the last trading week of 2017. BSC believed the market was in a short-term accumulation phase before continuing to follow up with the upcoming information and the latest is financial report at the end of the year.

TA
HPG_Correction