20180108_BSC_Vietnam Daily Review_EN_Recorvery_TA_SBT_Break out

Highlights
• Opening the trading session, the stock market saw a strong correction on a large scale. However, the index has quickly recovered, especially stocks in VN30.
• The leaders were PLX (+2.38 points), VCB (+1.85 points), MSN (+1.75 points), VPB (+1.13 points) and MBB (+0.87 points).
• The laggards were VNM (-1.87 points), SAB (-0.78 points), VCF (-0.68 points), VRE (-0.42 points) and MWG (-0.24 points).
• The recovery started with Banking sector and then spread to the VN30 stocks
• The order matching value of VN-Index today reached VND 5,848.1 billion. The trading range was 18.01 points. The market was positive with 160 shares increased / 137 shares decreased.
• Ending the trading session today, VN-Index increased 10.25 points, closing at 1022.9 points. In addition, the HNX-Index also rose 2.16 points to 121.08 points.
• Foreign investors today were net buyers with VND 727.44 billion on HOSE, focused on HDB (VND 506 billion), VIC (VND 84.9 billion) and MSN (VND 57.2 billion). In addition, they net sold VND 23.99 billion on HNX.

Market Outlook
The stock market shifted impressively today. The highlight is Banking sector with all stocks gained strongly (STB with positive news reached the ceiling price). Besides, the market was moving exactly as expected as VN30 index has surpassed the VN-Index showing the strong growth of this group recently. BSC believed the demand of investors is very high, always have the support from the investors’ cash flow making the stock is not deeply corrected and then increased sharply. The market trend increased significantly after a correction session, investors should continue to hold and increase the proportion of stock in corrected session.

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