Daily Review

20181022_BSC_Vietnam Daily Review_EN_ Waiting for strong cash VHC_Short-term uptrend

  • Date

    22/10/2018

  • Language

    Tiếng Việt

  • Number of Downloads

    26

Detailed report

Highlights
• VN-Index increased slightly in the morning session, fluctuated and decreased slightly in the afternoon session.
• The leaders were BID (+0.43 points); SAB(+0.40 points); NVL (+0.28 points); VRE (+0.27 points); BHN (+0.24 points)
• The laggards were VCB (-0.68 points); MSN (-0.66 points); PLX (-0.65 points); VNM (-0.55 points); VPB (-0.49 points)
• Cash flow focused on seafood and construction materials, liquidity decreased.
• The trading value of VN-Index in today session reached 3,027.53 billion. The trading range was 10.28 points. The market recorded 110 gainers and 183 decliners.
• By the ending of the session, VN-Index decreased 4.25 points, closing at 953.51 points. HNX-Index also decreased 0.55 points to 107.55 points.
• Foreign investors today net bought 89.55 billion on HOSE, focusing on VJC (132.02 billion), GAS (11.71 billion) và HPG (11.36 billion). However, they net sold 13.83 billion on HNX.

Market outlook
VN-Index increased, fluctuated in the morning, buying power appeared in bluechips VRE, VIC, SAB, MSN, FPT, VHM, MWG ... and Petroleum stocks such as PVS, PVD, BSR, PVB attracted good cash flow thanks to the world oil price recovery after more than a week of deep adjustment. In the afternoon session, VN-Index reversed to go down in the middle of trading day, due to selling pressure of Banking stocks such as VCB, CTG, TCB,... and Petroleum Group (GAS, PLX) returned to their benchmark. Foreigners remained net sold, however, the selling force in the afternoon session slightly decreased compared to the morning. From the viewpoint of BSC, the market in the beginning of the week continued correcting due to the lack of cash inflow and psychology waiting for good signal of investors from the market and Q3 business results continue to be announced in this week.

Remove GEX from the Canslim portfolio

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

 

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