20180105_BSC_Vietnam Daily Review_EN_Correction_TA_CSM_Uptrend

Highlights
• The stock market has shown signs of profit-taking which led to the recent increased stocks fell sharply
• The leaders were MSN (+0.95 points), EIB (+0.37 points), ROS (+0.3 points), PLX (+0.19 points) and NVL (+0.14 points).
• The laggards were VCB (-1.88 points), GAS (-1.14 points), VIC (-0.98 points), CTG (-0.83 points) and SAB (-0.77 points).
• In the day of HDB listed, Banking and Securities were the two most profit-taking sectors, followed by Real Estate stocks
• The order matching value of VN-Index today reached VND 6,990.8 billion. The trading range was 9.95 points. The market was negative with 123 advancers / 165 decliners.
• Ending the trading session, VN-Index dropped 7.1 points, closing at 1012.65 points. In addition, the HNX-Index also dropped 0.58 points to 118.92 points.
• Foreign investors today were net buyers with VND 393.86 billion on HOSE, focused on HDB (VND 67 billion), VIC (VND 60.7 billion) and CII (VND 47.7 billion). In addition, they net sold VND 264.88 billion on HNX.

Market Outlook
The stock market dropped sharply in the last trading session of the week due to strong selling pressure in stocks of Banking, Securities and Real Estate sectors. However, it is noteable that the demand of investors was very strong which led to the high liquidity of the market today (thanks to HDB's listing today). BSC believed that the correction session was necessary when the price of stocks increased rapidly in recent time. In addition, with the current cash flow, the market may quickly rebound in the coming weeks. We still recommend investors to increase their exposure in stocks with good business results in 2017.

TA
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