20171124_BSC_Vietnam Daily Review_EN_Spread cash flow_TA_DAG_Forming bottom

Highlights
• The majority of large cap stocks on HOSE reversed its trend at the close to increase slightly and spread to medium cap stocks.
• Leading stocks were SAB (+2.36 points), HPG (+0.51 points), BHN (+0.42 points), REE (+0.29 points) and ROS (+0.18 points).
• The stocks that made the market fall were VIC (-1.98 points), VRE (-1.00 points), VCB (-0.67 points), CTG (-0.42 points) and GAS (-0.29 points).
• Instead of focusing on large cap stocks, cash flow has gradually spread to small and medium stocks.
• The trading value of VN-Index in this session reached about VND 4,473 billion. The daily trading range was 12.89 points. The market breadth was balanced with 187 advancers / 96 decliners.
• At the end of the trading session today, HSX increased 1.87 points, closing at 935.57 points. Similarly, the HNX increased 0.65 points to 110.83 points.
• Foreigners today net sold VND 104.28 billion on the HOSE focusing on DIG (VND 40.5 billion), MSN (VND 18.6 billion), GAS (VND 17.6 billion). Similarly, they net sold VND 12.51 billion on the HNX

Market Outlook
VN30 has fallen down after the opening of the session which has made the market fluctuated sharply, followed by selling pressure spread throughout the market. However, during the growing period, the Demand was still relatively strong. In today trading session, cash flow tended to decrease in stocks with large cap and gradually spread to small and medium stocks. Green color dominated the market with number of increase stocks double that of decrease, focusing on some sectors such as Real estate (except for VIC, which increased sharply before), Oil & Gas, Construction while appearing division at Bank and Securities sectors. Despite the significant drop at the beginning of the session, VN-Index still increased slightly, proving that the momentum of the market was still remain but not as strong as before. BSC recommends investors to consider increasing their stock exposure in medium and long term. Besides, investors should buy group of stocks which priced lower than the market level.

Technical Analysis
DAG_Forming bottom