20180621_BSC_Vietnam Daily Review_VN_Dominated Selling pressure_TA_VN-Index_Sensitive time

Highlights
• The advance momentum of the last session did not adjourn to today trading session due to the overwhelming selling force in both the morning and afternoon sessions.
• The biggest gainers included VNM (+0.56 points); VJC (+0.45 points); PME (+0.1 points);
• Stocks that caused the market to fall including GAS (-1.79 points); BID (-1.32 points); VRE (-1.29 points); VCB (-1.28 points); CTG (-0.96 points)
• Cash flow continued to break out of large capitalization stocks especially in banking sectors, real estate sectors and oil and gas sectors.
• The trading value of VN-Index today reached VND 2,428 billion, the lowest number since the beginning of 2018. The daily trading range was at 13.29 points. The market recorded 96 gainers and 177 losers.
• VN-Index dropped 11.15 points to close at 969.4 points. At the same time, HNX-Index fell 1.94 points to 110.16 points.
• Foreign investors sold a net of VND66.98 billion on HPG (VND 41.88 billion), VJC (VND 36.65 billion) and SSI (VND 34.26 billion). At the same time, they purchase of VND 34.18 billion on HNX exchange.
 

Market outlook
The rebound from the previous session did not continue today due to the overwhelming selling pressure. The redness flooded the market from the beginning trading hour and lasted until the session end. Market liquidity remains low, indicating that the cash flow has not flowed into the market yet. Foreign investors turned to be net buyers on HOSE but remained net sellers on HNX. BSC analyzes that the market sentiment remained to be in a state of anxiety and suggest investors to keep their current portfolio proportion and limit the margin usage until the market liquidity has recovered.

Technical analysis
VN-Index_Sensitive time

(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)