20180518_BSC_Vietnam Daily Review_EN Spectacular Reversal TA_VPB_Testing the support

Highlights
• The market had a gaining session, although there was a time when the index fell to 1000.
• The leaders were VNM (+ 2.81 points), SAB (+2.10 points), MSN (+2.09 points), BVH (+0.69 points), VPB (+0.49 points).
• The laggards were GAS (-0.62 points), SSI (-0.09 points), TRA (-0.07 points), DIG (-0.05 points), BIC (-0.05 points).
• Trading volatility in the ultra-strong stocks, causing a strong reversal.
• The trading value of VN-Index in today session reached 3,534.5 billion. The trading range for today was 27.27. The market recorded 116 advancers and 154 decliners.
• Ending the trading session today, VN-Index gained 9.9 points, closing at 1040.54 points. In contrast, the HNX-Index fell 0.23 points to 121.27 points.
• Foreign investors today net sold 101 billion dong on HOSE, focusing on HPG (53 billion), VJC (42 billion) and VNM (42 billion). In contrast, they net bought VND1.8bn on the HNX.


Market outlook 
The market had been through unpredictable fluctuations, causing surprise for investors. Continuing the decline yesterday, after turning slightly green in early hours, the market reversed to decline but with a low trading volume. However, at the beginning of the afternoon session, the selling pressure was strong, the index dropped near 1000 points. The decline continued to focus on main stocks, as the VN Index broke the 1000 points. Unexpectedly, the demand at the bottom made the index strongly reverse. BSC believes that in the trading session, the stocks were back due to demand at the bottom, but the medium term trend is still decrease. Investors should not disburse at this price range and should stay out watching the market.

Technical analysis:
VPB_Testing the support
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)