20180507_BSC_Vietnam Daily Review_EN_Recovering_TA_PVS_Tracking

Highlights
• The market has observed a strongly increase with the cash flows spreading out to multi sectors
• The leaders were VCB (+4.06 points), GAS (+3.83 points), SAB (+3.57 points), VNM (+3.17 points) và BID (+2.8 points).
• The laggards were PGD (-0.09 points), BIC (-0.06 points), TAC (-0.05 points), TCH (-0.05 points) và LGC (-0.04 points).
• The Banking sector played the leading role for the market
• The order matching value of VN-Index today was VND 3,853 billion. The trading rage was 33.47 points. The market recorded 194 gainers and 90 losers.
• Ending the trading session today, VN-index increased 35.46 points, closing at 1062.26 points. Moreover, HNX-Index increased 3.98 points to 126.55 points.
• Foreign investors were net sellers of VND 374.59 billion on HOSE with VIC (68.7 billion), VCB (68.44 billion) and VJC (66.3 billion). At the same time, they net sold VND 78.35 billion on HNX.
 

Market outlook
After the gloomy trading days, the stock market witnessed a strong recovery of all three indices. By the end of the morning, signals of recovery appeared when Banking, Real estate and Oil increased. At the afternoon session, the momentum became strong and continued to hold until the end of the session. Many stocks closed at ceiling such as BID, CTG, PNJ, OIL, ROS, ....The liquidity in the market increased slightly, but still being at low level, showing that the cautious sentiment. BSC commented that the likelihood of adjustment could appear, recovery in the long term is unclear. Long-term investors should actively monitor the market; Short-term investors can take advantage of recovery to accumulate profits, optimize investment efficiency.