20190108_BSC_Vietnam Daily Review_EN_Strong liquidity decline_TA_ PVD_ Rebound momentum

Highlights
• VN-Index decreased significantly in the morning and the decline narrowed in the afternoon.
• Stocks contributed to VN-Index upward momentum including GAS (+1.18 points); VCB (+0.44 points); MSN (+0.28 points); BHN (+0.16 points); YEG (+0.14 points)
• Stocks made the market decline including NVL (-1.2 points); VNM (-0.53 points); PLX (-0.44 points); HPG (-0.32 points); BID (-0.31 points)
• Cash flow focused on education stocks and plastic stocks, liquidity decreased slightly compared to the previous session.
• The matching value of VN-Index today reached VND 1656.5 billion. Today's trading range is 8.2 points. The market has 118 gainers and 162 losers.
• At the end of today's trading session, VN-Index decreased by 2.2 points, closing at 887.44 points. At the same time, the HNX-Index decreased by 0.66 points to 101.27 points.
• Foreign investors today sold a net of VND 44.51 billion on HOSE, focusing on VJC (VND 45.35 billion), VIC (VND 23.61 billion) and NVL (VND 9.5 billion). However, they bought a net of VND 5.89 billion on HNX.
 

Market outlook
VN-Index in the morning fell sharply with overwhelming selling force. The market changed positively in the afternoon session when bottom-fishing demand started to enter, helping the downward momentum in the morning session narrow. Blue chips such as GAS, VCB, MSN were the most supportive stocks. Foreign investors were sold a net amount and liquidity continued its declining today. In BSC's view, the market has a slight correction due to the sentiment of waiting for new support signals from the China-US trade negotiations. Investors should continue to trade cautiously in this period.

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