20180904_BSC_Vietnam Daily Review_EN Selling force overwhelmed TA_HDG_Cumulative

Highlights
• The market fluctuated in the morning session and strongly decreased in the afternoon session.
• The leaders were VHM (+0.75 points); YEG (+0.11 points); VHC (+0.05 points); SJS (+0.02 points); TCH (+0.02 points)
• The laggards were BID (-2.02 points); VJC (-1.83 points); VCB (-1.68 points); CTG (-1.45 points); VIC (-1.29 points)
• Cash flow focused on seafood and energy stocks, liquidity slightly decreased.
• The trading value of VN-Index in today session reached 3637.4 billion. The trading range was 16.24 points. The market recorded 105 gainers and 190 decliners.
• By the ending of the session, VN-Index decreased 13.6 points, closing at 975.94 points. HNX-Index declined 1.57 points to 111.23 points.
• Foreign investors today net sold 6.11 billion on HOSE, focusing on VNM (41.89 billion), VRE (30.78 billion) and BID (20.51 billion). However, they net bought 18.21 billion on HNX.

Market outlook
At the beginning of the first trading session in September, the market index had a slight increase of 2.64 points at the beginning of the morning session. However, profit taking pressure from the middle of the session pushed the index down slightly. In the afternoon session, the profit-taking pressure continued to increase with strong selling pressure in stocks of banking and securities sectors which pushed the market down deeply in today session. Due to the strong selling pressure of local investors, foreign investors turned to net sell at the end of afternoon session. In the view of the BSC, the market is in a correction phase and market sentiment is affected by worries over the timing of the announcement of tariff policy to 200 billion US Chinese goods are approaching as well as Fed raised interest rates at the end of September.

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