20180411_BSC_Vietnam Daily Review_EN_Pressure of taking profit_MWG_Approaching the Support

Highlights
• The selling pressure rose across the market in the afternoon session, the indicators covering the red fell to the support level.
• The leaders were KDH (+0.18 points), CTD (+0.12 points), VHC (+0.08 points), PVD (+0.04 points), DHG (+0.04 points).
• The laggards were VIC (-4.85 points), VCB (-4.37 points), MSN (-2.98 points), CTG (-2.19 points), GAS (-0.36 points)
• Cash flew into Financial and Real estate sectors.
• The order matching value of VN-Index today reached VND 7,517.6 billion. The trading range was 35.35 points. The market recorded 77 gainers and 219 losers.
• Ending the trading session today, VN-Index fell 31.01 points, closing at 1,167.11 points. In addition, the HNX-Index fell 2.94 points to 133.74 points.
• Foreign investors today were net sellers of 282.78 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 111.33 billion on the HNX.

Market Outlook
The market witnessed a strong selling pressure and spread to many key stocks during the last trading session. The strong adjustment groups included Banks (VCB, VPB) or Securities (SSI, VND), and Real estate (VIC). The stocks in the VN30 group were under pressure of taking profit led to a strong imbalance in the market with the number of losers was 3 times the number of gainers. BSC recommends investors to be cautious tomorrow as the shakeout will be larger than today and there will be a clearer cash flow division. This is an opportunity for investors to find stocks to open positions after the adjustment phase ends.