20180119_BSC_Vietnam Daily Review_EN_Surpise rebound_TA_MBB_Increase weighting

Highlights
• The stock market kept fluctuating for most of the morning session. However, the market continued to have unexpected movements when the sharp decline in the morning and increased sharply in the afternoon
• The leaders were VCB (+3.04 points), VNM (+2.40 points), VRE (+1.75 points), HPG (+1.34 points) and MSN (+0.77 points).
• The laggards were DHG (-0.14 points), CTD (-0.11 points), BHN (-0.08 points), SAB (-0.05 points) and PDR (-0.04 points).
• The strongest rebound in today session were large cap stocks, particularly VN30, dropped sharply in the previous two sessions such as STB, SBT and VCB.
• The order matching value of VN-Index today reached VND 6,623 billion. The trading range was 30.24 points today. The market was positive with 157 advancers / 125 decliners.
• Ending the trading session today, VN-Index increased 15.56 points, closed at 1050.25 points. Along with that, the HNX-Index rose 1.47 points to 121.90 points.
• Foreign investors today were net buyers of VND 529.48 billion on the HOSE, focusing on MSN (VND 193.6 billion), HDB (VND 74.5 billion), and VJC (VND 46.2 billion). In addition, they net sold VND 13.91 billion on the HNX.

Market Outlook
It was consider as to be a strong correction of the market when the morning continued to sell strong, but high demand quickly recovered the indexes. The strongest increases today were Banking and Real Estate sectors. BSC believed the market after the technical correction, the index was gradually recovering and testing the level of 1060 points. As predicted, sectors that are sensitive to the market would continue to increase in the coming sessions such as Banking, Securities. Investors can keep optimistic about the market at the moment.

TA
MBB_Increase weighting