20180413_BSC_Vietnam Daily Review_EN_Pressure of Adjustment_TA_HDC_Challenging the Previous Peak

Highlights
• The indexes backed to the downtrend since Banking and Petroleum sector were under the strong selling pressure.
• The leaders were ROS (+1.22 points), VIC (+0.58 points), HDB (+0.32 points), VJC (+0.3 points), MWG (+0.23 points).
• The laggards were VCB (-3.97 points), BID (-3.02 points), CTG (-0.52 points), GAS (-0.50 points), PLX (-0.36 points).
• Cash flew into Real estate stocks and the profit was withdrawn from Banking sector.
• The order matching value of VN-Index today reached VND 4,987.5 billion. The trading range was 10.01 points. The market recorded 115 gainers and 170 losers.
• Ending the trading session today, VN-Index lost 15.88 points, closing at 1,157.14 points. In addition, the HNX-Index fell 2.29 points to 133.34 points.
• Foreign investors today were net buyers of 5.38 billion on HOSE, focusing on VNM (VND 48.5 billion), PLX (VND 19.1 billion), KDH (VND 15.3 billion). In addition, they bought a net of VND 21.91 billion on the HNX.

Market Outlook
The minor recovery efforts from yesterday were dampened by strong selling pressure in many stocks, especially the Banking sector (VCB, MBB) and Petroleum (PVS, PVC), when the VN- Index today has dropped 15.88 points. At the beginning of morning session, the market showed signs of recovery from the positive news about the postponement of the world political tensions, but the caution of investors also returned quickly. Cash flew back to Real estate stocks, especially at the end of the session, ROS recorded the cap price, VIC, NVL stayed green despite the selling pressure was not small. BSC believes that the conservatism is still increasing, making the market unpredictable in the next trading days, investors should carefully observe and limit the opening of short-term positions.