20181225_BSC_Vietnam Daily Review_EN_ Correction session after Christmas night_TA_MSN_Consolidation

Highlights
• VN-Index declined strongly in the morning session, decrease momentum narrowed in the afternoon session.
• The leaders were MSN (+0.36 points); NVL (+0.31 points); HNG (+0.23 points); GEX (+0.12 points); VRE (+0.1 points)
• The laggards were GAS (-1.89 points); BID (-1.32 points); VHM (-0.93 points); CTG (-0.75 points); VPB (-0.57 points)
• Cash flow focused on rubber stocks, liquidity increased strongly.
• The trading value of VN-Index in today session reached VND 2920.9 billion. The trading range was 15.77 points. The market recorded 55 gainers and 227 decliners.
• By the ending of the session, VN-Index decreased 10.62 points, closing at 897.94 points. HNX-Index also decreased 0.91 points to 102.44 points.
• Foreign investors today net bought VND 23.06 billion on HOSE, focusing on HPG (VND 25.77 billion), AST (VND 22.23 billion) and SSI (VND 10.83 billion). However, they net bought VND 23.72 billion on HNX.

Market outlook
The stock market in the morning was covered in red color after the cold Christmas night yesterday. Strong selling force overwhelmed the whole market and focused mostly on Blue-chips like GAS, VHM, VNM, SAB, MSN and banking stocks like VCB, BID, CTG, and TCB. ROS is the only stock in VN30 that holds the green color and is the strongest market support stock. Purchasing power spread throughout the market from the beginning of the afternoon with the same trend of other markets in the region and narrowed the drop from 2.45% in the morning to only 1.17% in the afternoon. The stocks with strong decrease in the morning all narrowed the decline and MSN turned to support market and replace ROS's position in the morning session. Foreign investors were net buyers and supported the market on all 3 exchanges in the afternoon session. From BSC's point of view, the market continued to have a 9th consecutive correction with low liquidity due to the impact of the FED's fourth interest rate increase last week, oil price dropped sharply. together with the sell-off waves on US stock market yesterday due to concerns about the political and economic instability of the US before closing two days in a row.

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