20180521_BSC_Vietnam Daily Review_EN_1,000 points broken in VN30_TA_VN-Index_Weak Demand

Highlights
• The market fluctuated but the strong selling force at the end of the session from large cap stocks such as VIC, GAS, VNM made the market plunge down.
• The leaders were MWG (+0.46 points); BHN (+0.38 points); VPB (+0.22 points); HDB (+0.18 points); TRA (+0.05 points)
• The laggards were VIC (-7.46 points); GAS (-4.09 points); VNM (-2.43 points); BID (-1.63 points); BVH (-1.50 points)
• The market corrected while liquidity remained at a very low level.
• The order matching value of VN-Index in today session reached 3,182.2 billion. The trading range was 28.84 points. The market recorded 107 gainers and 180 decliners.
• By the ending of the session, VN-Index decreased 25.56 points, closing at 1014.98 points. Moreover, HNX-Index decreased 1.61 points to 119.66 points.
• Foreign investors today net sold VND 415.53 billion on HOSE, focusing on VIC (VND 122.5 billion), VRE (VND 72.5 billion) and HPG (VND 44.6 billion). They also net sold VND 24.06 billion on HNX.
Market outlook
Despite the rally of Friday's session, the index fluctuated around the reference level before falling sharply in the late afternoon session. Large cap stocks such as VIC, GAS, and VNM were sold aggressively, especially during ATC while the demand  was absent, causing the indexes to plunge down. Net selling from foreign investors and 1,000 points broken in VN30 will be the factors that affect the psychology of investors. BSC comments that market is likely to continue correcting when the indices have not yet found a bottom. Along with that, investors should wait for better prices when the cash flow has not yet returned.
Technical analysis
VN-Index_Weak Demand
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)