20180423_BSC_Vietnam Daily Review_EN_Extreme Slump_TA_VN-Index_Sad Ending

Highlights
• Contrary to the fluctuating movements around the base price in the morning session, the afternoon session was hit by the selling pressure, blowing away 43 points of the VN-Index, corresponding to a reduction of 3.85%.
• The leaders were MWG (+0.58 points); VJC (0.22 points); VIC (0.19 points); LGC (0.11 points); PNJ (0.06 points).
• The laggards were GAS (-6.51 points); VCB (-5.79 points); BID (-3.44 points); CTG (-3.13 points); VPB (-2.30 points).
• Banks, Securities and Real estate stocks were strongly sold off, many stocks closed at floor prices. Market sentiment has been negative, despite Friday's increase.
• The order matching value of VN-Index today reached VND 6,000 billion. The daily trading range was 50.46 points. The market recorded 68 gainers and 230 losers.
• Ending the trading session today, the VN Index dropped 43.08 points, closing at 1,076.78 points. Similarly, the HNX-Index fell 6.44 points, down to 126.14 points.
• Foreign investors today were net sellers of VND 2.22 billion on HOSE, focusing on VIC (VND 126.9 billion), VJC (65.4 billion) and GAS (VND 18.8 billion). In addition, they sold VND 34.73 billion on the HNX.
 

Market Outlook
In the morning session, VN - index opened with a fairly slight increase of 15 points, however, the uptrend did not last long, the index was still around the reference level. In the afternoon session, the selling pressure caused many stocks in the VN30 to fall sharply. The biggest drop was seen in the banking sector (VCB, BID, CTG, VPB) and securities (HCM, VND, SSI). These have been the high growth groups from the beginning of the year, and now the market is observing and re-evaluating. In such situation, investors should be cautious in disbursement, preferring to preserve the margin to avoid margin calls if the market continue to slide down.
 

Technical analysis
VN-Index_Sad Ending

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