20180511_BSC_Vietnam Daily Review_EN_Sudden reversal_TA_CTG_Keep Tracking

Highlights
• The market had been through a great fluctuation today.
• The leaders were GAS (+4.25 points), VIC (+3.36 points), CTG (+1.89 points), VCB (+1.83 points). BID (+1.61 points).
• The laggards were VNM (-1.05), VJC (-0.36 points), BVH (-0.34 points), ROS (-0.24 points), NVL (-0.15 points).
• Banking and Securities group gained again, especially VND closed at the ceiling price although still matched the floor price in the early morning session.
• The order matching value of VN-Index in today session reached 3,572.9 billion VND. The trading range for today was 33.55. The market recorded 143 gainers and 125 losers.
• Ending the trading session today, VN-Index increased 15.98 points, closed at 1044.85 points. In addition, the HNX-Index gained 1.82 points to 122.77 points.
• Foreign investors today were net sellers with VND 169.9 billion on VIC (VND 39.9 billion), VNM (VND 30.3 billion) and SSI (VND 26.2 billion). In addition, they net sold VND33.46 billion on the HNX.
Market Comment
Continuing negative movements yesterday, the market fell sharply and shook greatly in the morning. The indexes will continue searching for the bottom, the afternoon session with strong buying force had made VN-Index increased by 15.98 points. This recovery has made the market psychologically more comfortable and positive. Bank and Securities group continued to be the driving force boosting the index. In particular, the VND closed at the ceiling price although still matched the floor price in the early morning session. BSC believes that with thí recovery session, the market sentiment has been more stabilized. However, the use of margin is not recommended, as there may still be swingy sessions in the near future.
Technical analysis
CTG_Keep Tracking
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)