20180629_BSC_Vietnam Daily Review_EN_Approaching support level_TA_VN-Index_Strong adjustment

Highlights
• The trading session today was a strong shaking session of the index.
• The leaders were BHN (+0.11 points); LGC (+0.05 points); SBT (0.04 points); SII (+0.02 points); DBD (+0.01  points)
• The laggards were VHM (-6.77 points); VIC (-6.49 points); GAS (-3.39 points); VCB (-2.47 points); TCB (-2.33  points)
• The market lacks the main support, the transaction is not exciting.
 • The trading value of VN-Index in today session reached 3,520.4  billion. The trading range was 12.45 points. The market recorded 143 gainers and 124 decliners.
• By the ending of the session, VN-Index increased 3.43 points, closing at 960.78 points. Moreover, HNX-Index decreased 0.89 points to 106.17 points.
• Foreign investors today net sold 358.72  billion on HOSE, focusing on VIC (272 billion), HPG (33.14 billion) and MSN (18.6 billion). However, they net bought 2.77 billion on HNX.

Market outlook
Today's trading session saw the VN-Index penetrate the previous bottom of 916 points, closing with the decline more than 4%. Negative sentiment occurred at the beginning of the morning session, together with strong selling force. Cash flow continued to stand outside the market, making stock price weak. Therefore, a series of large stocks, especially bank group, has blown 41 points of the index. BSC continued to commented that the market remains unstable, investors should watch more.
 

Technical analysis

VN-Index_Strong adjustment