20180418_BSC_Vietnam Daily Review_EN_Wide Profit Taking_TA_IDI_ Short-term Surfing

Highlights
• Weak trading value in the downtrend session showed great caution from the market
• The leaders were VNM (+1.6 points), GAS (+0.91 points), HDB (+0.36 points), EIB (+0.3 points), LGC (+0.1 points).
• The laggards were VCB (-2.91 points), BID (-2.13 points), CTG (-1.71 points), MSN (-1.7 points), VRE (-1.4 points)
• There was unclear market trend in today session and the selling force was strong in banking sector.
• The order matching value of VN-Index today reached VND 4,457.21 billion. The trading range was 21.9 points. The market recorded 103 gainers and 184 losers.
• Ending the trading session today, VN-Index declined 14.75 points, closing at 1,138.53 points. In addition, the HNX-Index fell 1.47 points to 132.78 points.
• Foreign investors today were net sellers of VND 51.92 billion on HOSE, focusing on VJC (VND -58.3 billion), VRE (VND -49.1 billion), HPG (VND -23.5 billion). They only sold a net of VND 1.02 billion on the HNX.

Market Outlook
As the selling pressure at the end of yesterday reduced and the political uncertainty was somewhat lessened, the indices rose at the beginning of the session. However, the cash flow has not returned to the market, causing the market not enough support and falling deep points. Especially banks, real estate and steel made the market decline strongly. In addition, red also dominated the large cap stocks as well as the VN30 stocks. BSC said that the downtrend is likely to continue when liquidity has not shown signs of recovery, investors should be cautious trading and limit participation as well as wait for new signals.
 

Technical analysis
IDI_Short-term Surfing
Take profit of MWG at price 103

(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)