Daily Review

20181008_BSC_Vietnam Daily Review_EN_ Negative impact_TA_VCG_The uptrend

  • Date

    08/10/2018

  • Language

    Tiếng Việt

  • Number of Downloads

    35

Detailed report

Highlights
• VN-Index fluctuated and declined slightly in the morning session, falling momentum happened in the afternoon session.
• The leaders were BID (+0.53 points); MWG (+0.15 points); TCH (+0.1 points); YEG (+0.08 points); HSG (+0.07 points)
• The laggards were GAS (-2.08 points); VIC (-1.88 points); VHM (-1.39 points); VNM (-1.19 points); VRE (-1.00 points)
• Cash flow focused on Service and Plastic stocks, liquidity slightly decreased.
• The trading value of VN-Index today reached VND 4,342.2 billion. The trading range was 10.01 points. The market recorded 107 gainers and 173 decliners.
• Ending the trading session today, VN-Index dropped 12.27 points, closing at 996.12 points. At the same time, the HNX-Index decreased 0.29 points to 114.38 points.
• Foreign investors today net sold 127.21 billion on HOSE, focusing on VIC (92.16 billion), MSN (89.12 billion) và VJC (37.53 billion). At the same time, they net sold VND 5.63 billion on the HNX.

Market outlook
VN-Index fluctuated then decreased slightly in the morning session, Banking stocks such as BID, VCB, MBB, CTG, and STB strongly attracted cash flow, Bluechips such as MWG, PNJ and SSI also supported market. In the afternoon session, the Index decreased significantly due to the selling force focused on Petroleum stocks such as GAS, PLX, PVD, PVS and Real Estate stocks such as VIC, VRE and NVL. Foreigners were net sellers in VIC and MSN. In BSC's view, the market continued at the correction pharse as local investors continued to be influenced by market sentiment in the region with the Chinese stock market's sharp fall today. The market trend is likely to continue in the range of 992 - 996 points with a slight decrease in liquidity in the coming sessions before recovering to 1000 points. Investors should monitor on local and global macroeconomic news and limit transactions.

Technical analysis
VCG_ The uptrend
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

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