20171226_BSC_Vietnam Daily Review_EN_Supported by Oil & Gas_TA_PVC_Maintain Uptrend

Highlights
• The market index was gradually getting back to peak of 970 points thanks to the recovery from large cap stocks such as GAS, VNM, CTG.
• The leaders were GAS (+2.29 points), VNM (+1.57 points), CTG (+1.32 points), VRE (+0.71 points) and PLX (+0.63 points).
• The laggards were SAB (-1.82 points), BHN (-0.35 points), FPT (-0.1 points), CMG (-0.05 points) and VPB (-0.06 points).
• In today trading session, Oil & Gas was the main support with all stocks in this sector increased. In addition, Banking and Aviation rose strongly today. In the opposite direction, the two beer stocks SAB and BHN were the factors that hold back the market index
• The order matching value of VN-Index today was VND 3,436.2 billion. The trading range was 8.69. The market was fairly balance with 154 shares increased / 132 shares decreased.
• At the end of today session, VN-Index gained 7.62 points, closing at 965.93 points. In addition, the HNX-Index also increased 0.82 points to 114.06 points.
• Foreign investors today were net buyers of VND 176.76 billion on HOSE, MSN (VND 75.8 billion), VIC (VND 45.6 billion) and VRE (VND 29 billion). In addition, they net sold VND 16.59 billion on the HNX.

Market Outlook
The stock market was recovering significantly thanks to the increase rotationally in sectors. In today trading session, especially in the ATC, the demand from investors caused the strong rise of the market indexes thanks to Oil & Gas, Banking and Aviation sectors. In addition, cash flow has also returned to the market, not only in large cap stocks but also small and medium cap stocks. With positive signals, BSC believed that VN-Index might quickly surpass the previous peak of 970 points. Investors should consider increasing the proportion of stocks with good expected results in financial report in 4th quarter as well as strong growth potential in 2018.

TA

PVC_Maintain Uptrend