Daily Review

20190301_BSC_Vietnam Daily Review_EN_Weekend recovery session_TA_HDG_ Breakout

  • Date

    01/03/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    31

Detailed report

Highlights
• VN-Index gained in the morning, in the afternoon, the gaining trend was still improved.
• Stocks contributed to VN-Index upward momentum including VHM (+3.57 points); VCB (+1.92 points); VIC (+1.07 points); GAS (+1.05 points); PLX (+0.82 points).
• Stocks made the market decline including ROS (-0.08 points); CII (-0.065 points); BVH (-0.064 points); EIB (-0.057 points); TCH (-0.033 points).
• Cash flow focused on oil & gas and medical stock, liquidity decreased significantly compared to yesterday's trading session.
• The matching value of VN-Index today reached VND 3,173.12 billion. Today's trading range is 10.28 points. The market has 238 gainers and 76 losers.
• At the end of today's trading session, VN-Index increased by 14.16 points, closing at 979.63 points. At the same time, HNX-Index increased 1.4 to 107.26 points.
• Foreign investors today sold a net of VND 100.39 billion on HOSE, focusing on VNM (VND 66.77 billion), VJC (VND 53.4 billion) and NBB (VND 39.31 billion). In addition, they bought a net of VND 5.89 billion on HNX.

Market outlook 
The VN-Index gained in the morning because of the large buying power focused on blue-chips such as VHM, VCB, VIC and SAB. In the afternoon session, the gaining momentum improved, because the large buying power continued to increase in this group of stocks. Foreign investors were net sellers and liquidity decreased significantly compared to the previous session. From BSC's point of view, the market saw a significant recovery after dropping sharply yesterday, but the gain did not go along with increasing liquidity with foreign investors net selling so there are still many potential risks. According to BSC, VN-Index will move to accumulate before the resistance of 1000 points, when there is no breakthrough in US-China trade agreement. Investors should be cautious to invest, should not keep many stocks when the market has not shown a clear recovery signal.

Technical analysis
HDG_ Breakout

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

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