20171121_BSC_Vietnam Daily Review_EN_ No Resistance_TA_BVH_Recovered

Highlights
• VN-Index increased sharply in the morning and early afternoon session before the strong selling pressure caused the market to lose momentum.
• Stocks that increased the most included SAB (+2.99 points), VRE (+2.36 points), VCB (+2.3 points), PLX (+1.51 points) and MSN (+1.43 points).
• Stocks led the market to drop including FPT (-0.14 points), KDH (-0.09 points), HBC (-0.08 points), VPB (-0.08 points) and PVD (-0.06 points).
• VN30 is the main rising factor for the stock market.
• The trading value of VN-Index in today session reached VND 5,449 billion. The trading range was at 22.38 points. The market breadth was negative with 116 gainers / 151 losers.
• Ending the trading session today, VN-Index increased 14.75 points, closing at 918.3 points. In contrast, the HNX slipped slightly 0.09 points to 108.02 points.
• Foreign investors today were net buyers of VND 43.51 billion on HOSE focusing on VJC (VND 60.2 billion), HPG (VND 45 billion) and SSI (VND 38.5 billion). Meanwhile, they net sold 21.01 billion on the HNX.

Market Outlook
After surpassing 920 points yesterday, VN-Index skyrocketed in today trading session, when the index rose nearly 25 points before shaking sharply in the afternoon session. It can be seen that momentum increased from the stocks with large capitalization such as SAB, VCB, PLX. In addition, after the VNM divestment successfully took place, the market was attracting the attention of investors with the liquidity jumping in today trading session. Today's cash flow is quite large and concentrated in the largre-cap stocks as well as potential sectors such as Banks and Securities. In general, the market is in an uptrend and there is no resistance when the expectation of increasing in term of index is becoming stronger. BSC recommends investors to hold stocks with good fundamentals and limit buying and selling of speculative stocks that short-term increase along with many risks.

Technical Analysis
BVH_Recovered