20180111_BSC_Vietnam Daily Review_EN_Reverse_TA_ TCH_Short-term surfing

Highlights
• The stock market opened gloomy and fell sharply. However, thanks to the abundant cash flow from investors, the index has rebounded strongly.
• The leaders were PLX (+1.52 points), VRE (+1.47 points), MSN (+1.28 points), VJC (+1.21 points) and VCB (+1.06 points).
• The laggards were VNM (-0.53 points), CTD (-0.17 points), VCF (-0.11 points), MWG (-0.09 points) and HNG (-0.08 points).
• Despite news of interest rate reduction, Banking sector remained active with all advancers. In the opposite direction, despite rising world oil prices, Oil and Gas sector has shown signs of slowing down.
• The order matching value of VN-Index in this session reached VND 6,661.5 billion. The trading range was 18.6 points. The market was positive with 162 gainers and 127 losers.
• Ending the trading session today, VN-Index gained 10.06 points, closing at 1048.17 points. In addition, the HNX-Index also rose 0.92 points to 122.84 points.
• Foreign investors today were net buyers of VND 488.42 billion on HOSE, followed by HDB (VND 166.2 billion), VIC (VND 130.1 billion) and DXG (VND 44.8 billion). In addition, they net sold VND 10.86 billion on the HNX.

Market Outlook
The stock market was showing a very positive prospect. The abundant cash flow from investors continued to spread to the small and medium stocks that made the green color dominance. Besides, the recovery from the group of VN30 stocks today was a psychological support for investors. The news of lower interest rates will be a positive signal for the stock market as the cash flow will continue to help the indexes reach the new peak. BSC believed that the stock market will continue to explode in the next phase, investors may consider increasing the proportion of stocks to improve profitability

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