20180327_BSC_Vietnam Daily Review_EN_Shaking at peak_TA_TCD_Challenging the resistance

Highlights
• The stock market continued to have a positive trading day thanks to large cap stocks. However, the division of the market made the indexes corrected at the end of the session.
• The leaders were VNM (+2.39 points), VRE (+1.18 points), NVL (+ 1.01 points), VJC (+0.68 points) and HDB (+0.40 points).
• The laggards were GAS (-1.96 points), VCB (-1.19 points), BID (-1.00 points), VIC (-0.77 points) and PLX (-0.47 points).
• Bluechip stocks were the market leaders such as VNM, VJC and VRE. Petroleum stocks continued to correct while stocks of Anviation and Aquaculture increased to support the indexes.
• The order matching value of VN-Index in this session reached VND 5.605 billion VND. The trading range was 17.84 points. The market recorded 133 gainers and 156 losers.
• Ending the trading session today, VN-Index increased 0.51 points, closing at 1,171.73 points. In addition, the HNX-Index fell 0.38 points to 133.29 points.
• Foreign investors today were net sellers of VND 379.15 billion on HOSE, concentrated on VNM (VND 175.3 billion), VCB (VND 29.2 billion) and BID (VND 24.5 billion). In addition, they sold a net of VND 56.74 billion on the HNX.
 

Market Outlook
Positive sentiment continues to push the market as tensions in US-China trade decreased. Main drivers were Bluechip stocks such as VJC, MSN, PNJ which were looking for new highs. The remaining groups were in a strong division with the number of decliners dominated. As we have noticed, the selling pressure around the peak would continue to make the market shake. Besides that, in the trading session tomorrow, the action of catching the bottom of the stocks from the correction last week may lead to the increase of selling pressure.
 
Technical analysis
TCD_Challenging the resistance
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)