Daily Review

20190329_BSC_Vietnam Daily Review_EN_Continue to accumulate_TA_VN-Index_Note S-H-S model

  • Date

    29/03/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    27

Detailed report

Highlights
• VN-Index gained slightly in the morning. In the afternoon session, the gaining trend dropped, and the index dropped slightly.
• Stocks contributed to VN-Index upward momentum including VCB (+0.67 points); VRE (+0.56 points); BID (+0.2 points); EIB (+0.15 points); FPT (+0.06 points).
• Stocks made the market decline including VHM (-1.63 points); MSN (-0.24 points); GAS (-0.23 points); CTG (-0.22 points); BVH (-0.21 points).
• Cash flow focused on information technology and retail stock, liquidity improved significantly compared to yesterday.
• The matching value of VN-Index today reached VND 3,016.58 billion. Today's trading range is 7.48 points. The market has 151 gainers and 146 losers.
• At the end of today's trading session, VN-Index decreased by 2.22 points, closing at 980.76 points. At the same time, HNX-Index increased 0.1 to 107.44 points.
• Foreign investors today bought a net of VND 197.03 billion on HOSE, focusing on VHM (VND 50.11 billion), MSN (VND 40.83 billion) and BID (VND 29.06 billion). In addition, they sold a net of VND 12.92 billion on HNX.

Market outlook 
VN-Index gained slightly in the morning because of the buying focused on blue-chips such as VHM, MSN, VCB, VCB and VRE. In the afternoon, the gaining trend dropped, the index dropped slightly because of the drop of codes like VHM and MSN. From BSC's point of view, the Vietnamese market is in a cumulative state at the threshold of 980, market liquidity has improved significantly compared to the previous sessions. Investors should continue to observe the world and regional economic developments, especially the US-China trade negotiations, and investors can invest in stocks with good fundamentals when prices of some stocks have been adjusted significantly from the level of 1,000 points.

Technical analysis
VN-Index_Note the S-H-S model if the index fails to surpass 1,000 points and declines rapidly with high liquidity

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

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