20180117_BSC_Vietnam Daily Review_EN_Skyfall_TA_NDN_Short-term surfing

Highlights
• Although the stock market fluctuated around the reference level at the beginning of the session, the selling pressure increased sharply at the end of the session, causing the market to flooded in the red.
• The leaders were VRE (+0.77 points), ROS (+0.4 points), HT1 (+0.09 points), LGC (+0.09 points) and PAN (+0.04 points).
• The laggards were VCB (-5.02 points), VNM (-3.84 points), GAS (-2.53 points), PLX (-2.28 points) and VIC (-1.94 points).
• The recent strong gainers were stocks corrected the most, especially in Banking and Securities sectors like VCB, CTG, and SSI.
• The order matching value of VN-Index today reached VND 7,018 billion. The trading range for today was 30.08 points. The market was strongly negative with 68 gainers / 220 losers.
• Ending the trading session, VN-Index dropped 28.27 points, closing at 1,034.69 points. In addition, the HNX-Index fell 1.17 points to 120.42 points.
• Foreign investors today were net buyers of VND 563.7 billion on HOSE, focusing on VIC (VND 113.5 billion), HDB (VND 57.8 billion) and VJC (VND 57.4 billion). In addition, they net bought VND 5.13 billion on the HNX.

Market Outlook
Market indexes moved suprisingly at the end of the session. Selling pressure of stocks increased, causing the VN-Index to fall sharply. Red was flooding the market, especially in sensitive sectors such as Securities, Banking, Steel and Real estate. This was the strongest decline in the last one year. However, investors should not too worry when the market width was quite wide and the liquidity remained high. BSC believed that after a long period of sharp increase, the market was corrected to create momentum to increase. Investors should observe the market as the index may continue to correct in the coming sessions, but will also rebound very quickly afterwards.

TA
NDN_Short-term surfing