20180705_BSC_Vietnam Daily Review_EN Market index decline_TA_BMP Good recovery trend

Highlights
• The trading session today was a bearish session.
• The leaders were VHM (+2.85 points); VIC (+1.31 points); TCB (+0.44 points); DHG (+0.23 points); VCI (+0.08  points)
• The laggards were VCB (-4.31 points); GAS (-3.5 points); CTG (-1.73 points); BID (-1.47 points); SAB (-1.28  points)
• Market lacks of support, the transaction is not exciting.
 • The trading value of VN-Index in today session reached 2970.5 billion. The trading range was 29.18 points. The market recorded 71 gainers and 224 decliners.
• By the ending of the session, VN-Index decreased 15.59 points, closing at 899.4 points. HNX-Index also decreased 3.6 points to 96.39 points.
• Foreign investors today net sold 232.4 billion on HOSE, focusing on VHM (94.92 billion), MSN (49.39 billion) and BID (11.96 billion). However, they net bought 16.78 billion on HNX.

Market outlook
The trading session today was a bearish session. VN-Index penetrated 900 points, closed at 899.40 points, down 1.7% respectively. While the index fluctuated in the morning session, sell momentum took place in the afternoon, causing the index fell sharply. Group of bank and real estate stocks are the main reasons which dragged the market down. BSC commented that the sell-off may occur in the next few sessions before the market can stabilize, investors should continue to watch more.

Technical analysis
BMP_Good recovery trend