20180112_BSC_Vietnam Daily Review_EN_Foreign cash flow_TA_AAA_Awaiting big wave

Highlights
• The last trading session of the week was quite exciting. Although the selling pressure increased, the demand was also very strong causing the index to fluctuate around 1050 points
• The leaders were VIC (+4.3 points), VRE (+2.2 points), MSN (+1.3 points), HDB (+1.1 points) and VJC (+0.3 points).
• The laggards were GAS (-1.9 points), VCB (-1.1 points), VPB (-0.9 points), PLX (-0.7 points) and STB (-0.5 points).
• Due to the high profit-taking pressure, most stocks declined, especially for Banking stocks (excluding HDB reached the ceiling price) and Oil & Gas sectors. In the opposite direction, VIC and VRE increased sharply, which were the main support for the market
• The order matching value of VN-Index in this session reached VND 8,346.8 billion. The trading range for today was 11.5. The market was negative with 128 shares increased / 165 shares decreased.
• Ending the trading session today, VN-Index gained 1.94 points, closing at 1050.11 points. Along with that, the HNX-Index decreased 2.09 points to 120.76 points.
• Foreign investors today were net buyers of VND 1,057.07 billion on HOSE, focusing on HDB (VND 327.9 billion), VRE (VND 77.4 billion) and VIC (VND 69.2 billion). In addition, they net sold VND 5.72 billion on the HNX.

Market Outlook
In the last trading session of the week, the indexes had some fluctuation due to the effect of profit taking. However, the demand from investors was still very strong, together with abundant cash flow from foreign investors helped the index not to decrease. The strong net buying will also be a psychological support for investors when the market is quite "hot" at the moment. BSC believed that there may be technical correction sessions in the coming week to create a momentum for growth. Investors can track the corrected sessions to increase the proportion of stocks when the money flow into the market reached a record level and spread over the market.

TA
AAA_ Awaiting big wave