20180601_BSC_Vietnam Daily Review_EN_Continuing Uptrend_TA_VCB_Unexpected Liquidity

Highlights
• The market continued its uptrend today, marking one week of recuperating from 931 points
• The leaders were VCB (+2.43 points); VIC (+2.60 points); VNM (+1.91 points); VJC (+1.54 points); VRE (+1.53 points).
• The laggards were LGC (-0.07 points); KBC (-0.04 points); BMP (-0.03 points); PVT (-0.02 points); HT1 (-0.02 points).
• In the trading session today, most of the large cap stocks, with the lead of the Banking group, recorded strong increases.
• The trading value of VN-Index in this session reached VND 4873.2 billion. The trading range for today was 21.5. The market had 179 gainers and 110 losers.
• Ending the trading session today, VN-Index increased 21.62 points, closed at 992.87 points. Along with that, the HNX-Index rose 0.83 points to 115.75 points.
• Foreign investors today were net buyers of VND 53.2bn on HOSE, focusing on VCB (VND 95 billion), HPG (VND 65 billion) and VRE (VND 49 billion). In contrast, they net sold VND26.71 billion on the HNX.


Market outlook 
Continuing the momentum of growth within this week, the session today witnessed the index reaching another surge. Demand got stronger at the end of the morning session, although there was a reverse in the afternoon but at the end of the day, VN-Index still increased over 21 points. The leading factors are still Banking group and other major stocks in VN30. In particular, VJC and HSG closed at the ceiling price. BSC believes that the market situation has been more stable than previously, however, in the upcoming time, there is chance that the market will have a correction after the series of recent rises. Investors can disburse small portions in slight adjusting sessions and avoid using margin.

Technical analysis:
VCB _ Unexpected liquidity
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)