20180426_BSC_Vietnam Daily Review_TA_1050 Threshold Breached

Highlights
• Similar to the previous trading session, the indexes were under strong selling pressure in the afternoon session, especially the banking and securities groups.
• The leaders were VNM (+0.53 points); SAB (+0.46 points); ROS (+0.05 points); HNG (+0.04 points); POM (+0.03 points)
• The laggards were GAS (-6.29 points); CTG (-2.85 points); MSN (-2.79 points); VCB (-2.36 points); VPB (-2.13 points)
• The VNI is down 159.47 points from its peak and has broken a series of resistance levels. The banking and securities stocks are the main reasons for VN-Index’s slump.
• The order matching value of VN-Index in today’s session reached 5,948.7 billion dong. The range was at 43.17 points today. The market recorded 60 gainers and 242 losers.
• Ending the trading session today, the VN Index dropped 35.88 points, closing at 1,044.86 points. Similarly, HNX-Index decreased 6.19 points, reaching 120.12 points.
• Foreign investors today were net sellers of VND 210 billion on HOSE, concentrated in VIC (VND433.04 billion), NVL (VND98.88 billion) and VJC (VND64.12 billion). In a similar movement, they net sold VND36.2 billion on the HNX.

Market Outlook
With the current movements, investor sentiment is extremely negative even though the market had a slight recover session. Resistance levels were broken one by one, with the index already lost 159.47 points since its peak. Major stocks (especially Banking and Securities) remained the main drags of the market. Negative sentiment spread to the whole market, causing VN-Index to close at 1,044.86, equivalent to 3.32% decrease. In the context of negative market sentiment, investors should prioritize lowering the margin to safe levels.