20180305_BSC_Vietnam Daily Review_EN_Unexpected ATC session_TA_DGW–Return to the previous peak

Highlights
• Contrary to the movements of the previous trading days, the stock market bounced up strongly at the beginning of the session but was under selling pressure at the end causing the indexes to fall deeply.
• The leaders were VNM (+1.65 points), BVH (+0.40 points), TCH (+0.17 points), VJC (+0.17 points) and CTD (+0.13 points).
• The laggards were VCB (-5.0 points), GAS (-3.5 points), BID (-3.26 points), CTG (-3.0 points) and VRE (-2.65 points).
• The money flow still focused on stocks of Real estate and Construction. In the opposite direction, Banking sector corrected strongly due to strong profit-taking pressure.
• The order matching value of VN-Index in today session reached VND 7,916 billion. The trading range was 39.21 points today. The market breadth was negative with 125 shares increased and 173 shares decreased.
• Ending the trading session today, VN-Index dropped 27.73 points, closed at 1,093.48 points. Along with that, the HNX-Index decreased 2.74 points to 125.51 points.
• Foreign investors were net sellers of VND 195.59 billion on HOSE, concentrated on HPG (VND 199.7 billion), KBC (VND 20.8 billion) and GMD (VND 20.4 billion). In addition, they bought a net of VND 29.45 billion on the HNX.
 

Market Outlook
Excited psychology pulled the market index up sharply in the morning. The small and medium capitalization groups attracted cash flow, especially in Real estate sector such as HBC, NLG, KDH. In most of the trading time, Steel stocks still suffered from selling pressure but the support from the cash flow of investors was quite strong, HPG declined to the floor price but the transaction value reached over VND 1 billion. However, the ATC session was unpredictable. The key stocks were sold that made the market drastically reduced, the Finance Group such as Banking and Securities were affected the most. Unexpectedly, VRE dropped to the floor price despite being supported by the previous information. BSC believed that the psychological fear that the market could correct along with the world stocks has not been eliminated
 

Technical analysis
DGW–Return to the previous peak
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)