Daily Review

20190521_BSC_Vietnam Daily Review_EN_Corrected session_TA_FPT_A solid uptrend

  • Date

    21/05/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    34

Detailed report

Highlights
• VN-Index increased in the morning. In the afternoon session, the index turned down slightly.
• Stocks contributed to VN-Index upward momentum including PNJ (+1.27 points); MSN (+1.15 points); HVN (+0.49 points); BHN (+0.47 points); BID (+0.36 points).
• Stocks made the market decline including VNM (-2.09 points); GAS (-0.86 points); PLX (-0.23 points); ROS (-0.18 points); CTG (-0.11 points).
• The matching value of VN-Index today reached VND 3,024.2 billion. Today's trading range is 6.77 points. The market has 126 gainers and 167 losers.
• At the end of today's trading session, VN-Index dropped 0.84 points to close at 986.29 points. At the same time, HNX-Index dropped 0.03 points to 106.28 points.
• Foreign investors today bought a net of VND 5595.49 billion on HOSE, focusing on VIC (5778.2 billion), SSI (11 billion) and BVH (9.6 billion). In addition, they sold a net of VND 17.64 billion on HNX.

Market outlook
The VN-Index increased in the morning compared to yesterday session, at the end of morning session, the VN-Index increased 3.5 points or 0.35%. The stocks which supported the market  the most, were MSN, VHM, BID. In the afternoon session, the index dropped slightly, all indexes dropped, especially petrolium stocks like GAS, PLX, and PVD. In BSC's view, the market be corrected due to strong profit-taking pressure in the afternoon session when the index hit the sentimental level of 990 points. However, the liquidity was high and foreign investors were net bought on HOSE, especially VIC was net bought by foreign investors with VND 5778 billion. In addition, domestic and regional investors sentiment is negatively affected by the US-China trade war which has not been cooled down as the US is putting pressure on Huawei's business.

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

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