Daily Review

20180206_BSC_Vietnam Daily Review_EN_Cash flow from investors_Notice stock_ HCM_Hold

  • Date

    06/02/2018

  • Language

    Tiếng Việt

  • Number of Downloads

    29

Detailed report

Highlights
• Following the correction yesterday, the stock market fell more than 60 points from the opening of the session with nearly 150 stocks drop to the floor price. However, the strong demand today pulled some large cap stocks.
• The leaders were HPG (+0.56 points), MSN (+0.55 points), STB (+0.17 points), KBC (+0.05 points) and NVL (+0.05 points).
• The laggards were GAS (-5.46 points), VNM (-2.76 points), PLX (-2.7 points), BID (-2.69 points) and VRE (-2.47 points).
• Although the money flow into the market was quite strong, but the stocks still dropped to the floor price for most of trading time. However, the strong cash flow pulled some stocks up to the reference levels such as MSN, HPG, STB and VGC.
• The order matching value of VN-Index today reached VND 9,466 billion. The daily trading range was 43.02 points. The market breadth was negative with 45 gainers / 262 losers.
• Ending the trading session today, VN-Index dropped 37.11 points, closing at 1,011.6 points. Along with that, the HNX-Index fell 3.31 points to 115.64 points.
• Foreign investors today were net buyers of VND 4,556.87 billion on HOSE, coded VRE (VND 4186.5 billion), CII (VND 87.5 billion) and STB (VND 54.2 billion). Besides, they bought a net of VND 96.05 billion on HNX.

Market Outlook
The stock market was quite gloomy in most of today's session. Although the demand was strong, the stocks still dropped to the floor price, only when the stocks of the market such as HPG, VIC, STB rebounded, investors poured the money in and pushed the transaction value to the highest level in history with more than VND 15,000 billion. The stocks of the Banking and Securities sectors also "escaped" the floor price. Particularly, foreigners were net buyers of nearly 90 million shares of VRE by put-through transaction. BSC believed that the market will continue to shake sharply, although there were signs of recovery at the end of the session but the indexes were deeply decreased. Money was flowing into the market but not yet prove the sustainability. Investors should limit trading when the signals were not clear and the hidden risk remains. Besides, after two strong losing sessions, many accounts have fallen into the "call margin" status, which may force the selling pressure to increase.

Notice stock

HCM_Hold
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)
 

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