20190102_BSC_Vietnam Daily Review_EN_Red at the beginning of the year_TA_VJC_Correction

• VN-Index fluctuated, then increased in the morning session. The Index decreased in the afternoon session.

• The leaders were VIC (+5.04 points); VNM (+2.15 points); VRE (+0.64 points); PLX (+0.56 points); MSN (+0.39 points).

• The laggards were SAB (-3.71 points); BID (-0.95 points); HDB (-0.63 points); VJC (-0.50 points); VPB (-0.41 points).

• Cash flow focused on Real Estate and Education, liquidity decreased.

• The trading value of VN-Index in today session was VND 1,872.7 billion. The trading range was 9 points. The market recorded 105 gainers and 186 decliners.

• By the ending of the session, VN-Index decreased by 0.79 points, closing at 891.75 points. At the same time, HNX-Index also decreased by 1.56 points to 102.67 points.

• Foreign investors today were net bought VND 144.73 billion on HOSE, focusing on HPG (VND 36.73 billion), VNM (VND 33.46 billion) và CII (VND 24.79 billion). At the same time, they net bought VND 847.17 million on HNX.

 

The first session of the year continue closing in red when the macro news remained negative. The closed down of US government created a negative sentiment for the stock market in the world.  The MSCI Asia Pacific Index fell 1% in the Stoxx Europe index, which also fell 1.1%. Liquidity in Vietnam market also dropped to a significant low level when there was no positive information supporting the market cash flow. The only bright spot in this session was that foreign investors continued buying strongly on HOSE. With the above trend, BSC expects that VN-Index is likely to adjust to the support level of 880 and accumulate around this level in the next upcoming trading sessions. 

 

VJC_Correction 

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