20180328_BSC_Vietnam Daily Review_EN_Stablizing the index_TA_VCS_Supass the peak

Highlights
• The pressure of global stock market caused the index to drop at the beginning of the trading session; however, the increase of key stocks caused the market to recover. Despite the strong uptrend in the afternoon session, the selling pressure has prevented the index from breaking through.
• The leaders were VIC (+1.45 points), MSN (+0.60 points), BID (+0.57 points), VJC (+0.50 points) and PLX (+0.43 points).
• The laggards were SAB (-1.15 points), VNM (-1.07 points), CTG (-0.82 points), VCB (-0.66 points) and MBB (-0.27 points).
• Division was widespread in the market, especially in large caps stocks. The demand of catching bottom price has helped the Petroleum sector no longer corrected strongly while the selling pressure still tended to increase in the Banking sector.
• The order matching value of VN-Index in today session reached VND 4,299 billion. The trading range was 12.89 points. The market had 120 gainers and 160 losers.
• Ending the trading session today, VN-Index increased 0.51 points, closing at 1,172.24 points. In addition, HNX-Index fell 0.73 points to 132.56 points.
• Foreign investors today were net buyers of VND 82.25 billion on HOSE, focused on VHC (VND 67 billion), VNM (VND 39.5 billion) and HDB (VND 28.4 billion). In addition, they sold a net of VND 5.82 billion on HNX.
 

Market Outlook
The stock market witnessed a shaking session around the peak of VN-Index. This was due to the division in the sectors as well as the group size of stocks. While most of the Banking stocks were corrected, Real estate and Construction stocks were traded positively (NVL hit the ceiling price for a second consecutive session, however it was sold out strongly at the end of the session). Weakening liquidity indicative the conservative of the investors. BSC believed that with the amplitude of the market getting narrower and the liquidity will continue to be low, VN-Index continues to struggle around the peak before the breakthrough signal. Investors should balance stocks and cash proportion to flexibly react to the market.

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