20180115_BSC_Vietnam Daily Review_EN_The increase spreaded_TA_DVN_Surging

Highlights
• Opening the first trading day of the week, selling pressure increased, causing the market to drop. However, there was support from the cash flow that helped the indexes to rebound and increase strongly.
• The leaders were VCB (+2.65 points), PLX (+1.81 points), VIC (+1.75 points), HPG (+1.39 points) and GAS (+1.2 points).
• The laggards were VNM (-0.75 points), VRE (-0.28 points), BHN (-0.13 points), SBT (-0.11 points) and STB (-0.1 points).
• Sectors that increased the most today were Real Estate, Banking, Securities, Petroleum, Rubber, Tire and some large stock of Steel sector such as HPG and HSG.
• The order matching value of VN-Index in this session reached VND 6,714.6 billion. The trading range was 20.32 points. The market breadth was balance with 153 advancers / 139 decliners.
• Ending the trading session today, VN-Index gained 13.36 points, closing at 1063.47 points. Along with that, the HNX-Index rose 1.28 points to 122.03 points.
• Foreign investors today were net buyers of VND 448.8 billion on HOSE, focusing on  VIC (VND 187.9 billion), VJC (VND 72.6 billion) and DXG (VND 36.2 billion). In addition, they net bought VND 6.46 billion on the HNX.

Market Outlook
Although the market breadth was quite balanced, the indexes increased strongly thanks to the support from large cap stocks. PLX and VJC, supported by the information of adding to VN30, increased significantly in the trading session today. In addition, cash flow was still maintained at high level and tended to spread to small and medium stocks, especially Real estate sector. BSC believed that the market will continue to fluctuate in some next sessions because when the price of the stock was pushed up, the profit-taking pressure will also increase. However, investors can take advantage of shaking sessions to increase stock exposure as the indexes rebound very quickly during this period of growth.

TA
DVN_ Surging