20180410_BSC_Vietnam Daily Review_EN_The division of market_TA_SHB_Testing the Resistance

Highlights
• Indexes increased when the market opened but the strong selling force made the indexes fell sharply despite the demand from investors.
• The leaders were BID (+1.38 points), SAB (+1.18 points), VCB (+0.93 points), HDB (+0.69 points), BVH (+0.6 points).
• The laggards were VIC (-3.78 points), ROS (-1.32 points), MSN (-0.85 points), VPB (-0.55 points), CTG (-0.54 points).
• Investors took profit in Financial and Real estate stocks, cash flow also spreaded among small and mid-cap stocks.
• The order matching value of VN-Index today reached VND 7,783.8 billion. The trading range was 19.12 points. The market recorded 84 gainers and 208 losers.
• Ending the trading session today, VN-Index fell 6.21 points, closing at 1,198.12 points. In addition, the HNX-Index fell 1.1 points to 136.68 points.
• Foreign investors today were net buyers of 56.92 billion on HOSE, focusing on HDB (VND 190.4 billion), VNM (VND 59.9 billion), SSI (VND 55 billion). In addition, they bought a net of VND 23.88 billion on the HNX.

Market Outlook
After the first trading day of the week, VN-Index continued pulling and reversed. The market witnessed a decline in many large stocks, liquidity surged due to increased selling pressure caused the stocks which recently increased sharply to adjust such as VIC, VPB, SSI. In addition, investors took profit from the Bank stocks, at the same time, red cover Real Estate and Securities stocks. BSC believes the indexes are in the adjustment after a long rally, waiting for information from the world’s economic and political situation. Investors should be cautious with new disbursements, lowering the margin rate in this sensitive market.