20180530_BSC_Vietnam Daily Review_EN_Cautious sentiment_TA_The turning point

Highlights
• The market slightly decreased due to the selling pressure at Blue-chips such as GAS, MSN, FPT
• The leaders were VCB (+2.37 points), VHM (+0.88 points), VIC (+0.87 points), VPB (+0.84 points), ROS (+0.67 points).
• The laggards were GAS (-4.22 points), VNM (-1.48 points), VJC (-0.74 points), NVL (-0.65 points), VRE (-0.63 points).
• Money capital continued to flow into Banking, Real estate and Securities sectors, making industry – related stocks (such as VCB, SSI, DXG) strongly increase.
• The trading value of VN-Index in today session reached 54,598 billion. The trading range was 21.15 points. The market recorded 116 gainers and 150 decliners.
• By the ending of the session, VN-Index decreased 3.68 points, closing at 948.15 points. Moreover, HNX-Index decreased 1.19 points to 111.7 points.
• Foreign investors today net sold 378.16 billion on HOSE, focusing on VHM (185.6 billion), HDB (106.7 billion) and VIC (101.3 billion). Additionally, they also net sold 16.51 billion on HNX.

Market outlook
After the strong recovery yesterday, the market was cautious in today trading session. Bank, securities and real estate stocks continue to maintain the increase, offsetting the selling pressure at some blue-chips such as GAS, FPT and VJC. At the end of trading, GAS hit the floor price while PNJ, PLX, VJC dropped deeply, pulling the market below the reference level. The liquidity continued to decrease indicating investors' cautiousness in this recovery span. BSC said that the market will fluctuate in the next few sessions until investor sentiment is more stable and bottom fishing demand starts to increase. Investors can monitor market trends and make rational investment decisions when the market shows signs of recovery.

Technical analysis:
VGC_The turning point
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)