20180503_BSC_Vietnam Daily Review_EN_Demand for bottom fishing_TA_PNJ_Touch The Tracking Threshold

Highlights
• The market had a surprisingly strong recovery after losing 22 points in the morning session.
• The leaders were CTG (+2.37 points), VCB (+1.83 points), SAB (+0.98 points), BVH (+0.69 points), MBB (+0.63 points).
• The laggards were GAS (-5.00 points), VIC (-1.92 points), NVL (-1.24 points), VJC (-1.08 points), MSN (-0.59 points).
• Bottom-fishing demand increased in the group of Banks and Securities. However, Petroleum was still sold aggressively during the session.
• The order matching value of VN-Index today was VND 5,099.3 billion. The trading range for today was 23.59 points. The market recorded 125 gainers and 156 losers.
• Ending the trading session today, the VN Index dropped 2.62 points, closing at 1,026.46 points. In contrast, the HNX-Index gained 1.53 points, reaching 122.51 points.
• Foreign investors today were net sellers of VND 770 billion on HOSE with VIC (-357 billion), VRE (-221 billion) and HPG (-129 billion). At the same time, they net sold VND 13.31 billion on the HNX.

Market Outlook
Continuing the negative sentiment yesterday, the market opened covering in red. GAS, PVD was quickly dragged down to the floor price at the beginning of the session. This is the fourth GAS recorded the floor price since the date of the General Meeting of Shareholders. Negative sentiment spread throughout main stocks in the market, and there was no stock can help resist the slump. However, the demand at the bottom fishing has relieved the negative sentiment as the Banks and Securities groups backed with green. At the end of the day, the index fell only 2.62 points compared with the deepest drop of 25.29 points. Although the numbers only slightly decreased but trading volume improved only compared to yesterday, so it is unable to identify whether the session has bottomed. Investors should limit disbursement in large proportion, and restrict to use margin.
 

Technical analysis
PNJ_Touch The Tracking Threshold
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)