20180417_BSC_Vietnam Daily Review_EN_Short-term bottom_PTKT_VHC_Catfish Queen

Highlight

• Selling pressure decreased by the end of the session and indexes increased slightly again

 •The leaders were BID (+2.39 points), VCB (+1.46 points), VIC (+1.26 points), CTG (+1.1 points), BVH (+0.9 points).

•The laggards were VNM(-2.94 points), PLX (-1.28 points), VRE (-0.49points), NVL (-0.48 points), VJC (-0.3 points)

• Trading value decreased with decline in selling pressure. This could be short-term low
• The trading value of VN-Index in this session reached VND 4,191.7 billion. The trading range was at 17.37 points. The market recorded 161 gainers and 117 losers.
• Ending the trading session today, VN-Index gained 4.79 points, closing at 1,153.28 points. In addition, the HNX-Index rose 0.94 points to 134.25 points.
• Foreign investors today were net sellers of VND 277.21 billion on HOSE, VIC (-80.43 billion), HPG (-32.02 billion), and GTN (-5.41 billion). In the opposite direction, they net bought VND21.7 billion on the HNX.

Market Outlook                    

Hesitation of investors about the world macroeconomic has caused the market decreased. However, the recovery of stocks in the Banking and Securities sectors helped the index rebound. VN30 group continued to be divided strongly with the number of increased and decreased stocks were quite balanced. Notably, Alquaculture sector was attracting large cash flow of investors and increased strongly. BSC believed that the market is turning positive when selling pressure is gradually weakening. Investors should wait for cash flow to return to the market as the current liquidity is still low, showing no sustainable recovery.

Technical analysis: VHC _ Catfish Queen

Cut-loss PLX at 10% at VND 75,000

Include VHC in fundamental portfolio