20180620_BSC_Vietnam Daily Review_EN_Green Overwhelming_TA_PDR_Positive accumulation

Highlights
• After being sold aggressively in the previous session, the market had a recovery session.
• The leaders were GAS (+3.09 points); VCB (+1.86 points); VIC (+1.70 points); VJC (+1.45 points); BID (+1.32 points)
• The laggards were ROS (-0.24 points); HDB (-0.16 points); BMI (-0.03 points); BWE (-0.03 points); HNG (-0.02 points)
• Cash flow was concentrated in stocks (banks, real estate), helping to maintain the momentum of the index
 • The trading value of VN-Index in today session reached 3,210 billion. The trading range was 25.34 points. The market recorded 217 gainers and 71 decliners.
• By the ending of the session, VN-Index increased 18.79 points, closing at 980.95 points. Moreover, HNX-Index increased 1.53 points to 112.11 points.
• Foreign investors today net sold 136.16 billion on HOSE, focusing on VHM (53.89 billion), VNM (46.04 billion) and HDB (21.35 billion). They also net sold 3.6 billion on HNX.

Market outlook
After two trading sessions were sold strongly, VN-Index had a recovery session. The market experienced little shake in the early morning session, the rise of a large number of large stocks maintained the momentum of the market in the remaining trading time. However foreigners were net selling but with average amount. BSC comments that investors’ sentiment was still concerned after the sharp fall yesterday and negative external signals. BSC advises that investors should limit their use of margin until the market is in balance.

Technical analysis
PDR_Positive accumulation