20180205_BSC_Vietnam Daily Review_EN_Historical correction_Notice stock_ PNJ_Real Gold not afraid of Fire

Highlights
• The indexes dropped sharply from the open. Selling pressure increased sharply, especially in the afternoon session.
• The leaders were ROS (+0.16 points), BIC (+0.11 points), CTD (+0.06 points), CTI (+0.03 points) and NVL (+0.02 points).
• The laggards were VCB (-6.19 points), VIC (-5.89 points), GAS (-5.88 points), BID (-2.94 points) and PLX (-2.89 points).
• Selling pressure was stronger while demand was weakening, making the market lacked of support then dropped strongly. Besides, the psychology of selling when Lunar New Year coming is also a factor affecting investor sentiment.
• The order matching value of VN-Index today reached VND 6,459 billion. The trading range was 42.17 points. The market breadth was negative with 50 shares increased / 269 shares decreased.
• VN-Index dropped 56.33 points, closed at 1,048.71 points. Along with that, the HNX-Index decreased 5.03 points to 118.94 points.
• Foreign investors today were net buyers of VND 204.93 billion on HOSE, focusing on VRE (VND 31.6 billion), VNM (VND 30.3 billion) and HCM (VND 22.7 billion). In addition, they net bought VND 27.85 billion on HNX.

Market Outlook
The stock market today has experienced the deepest correction in history. The market has 71 stocks decrease to the floor price, including stocks that have strong influence on the market such as VIC, VCB, GAS, BID. In general, stocks that gained sharply in the first two months of 2018, were the most corrected stocks. Althoug liquidity increased compared to the last session of last week, but it was due to the strong selling pressure and some investors wanted to take risk. BSC believed that the market may continue to correct in the coming sessions when the psychology of investors are fairly confused. Besides the selling pressure when Lunar New Year coming as in previous years, investors are also affected by the information that the margin rate will be adjusted to 60% on 1/3/2018 instead of 50% as current. Investors should keep high proportion of cash during Lunar New Year holiday and only enter the market when signs of recovery are clear, limiting trading at floor price in the sensitive time.

Notice stock
PNJ_Real Gold not afraid of Fire
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)