Investment Recommendation

20190122_BSC_Vietnam Daily Review_EN _The market dropped slightly_TA_VSC_Short-term uptrend

  • Date

    22/01/2019

  • Language

    Tiếng Việt

  • Number of Downloads

    73

Detailed report

'Highlights
• VN-Index increased slightly in the morning, but reversed and dropped in the afternoon.
• Stocks contributed to VN-Index upward momentum including EIB (+0.37 points); HNG(+0.21 points); HDB (+0.13 points); CTG (+0.11 points); POW (+0.1 points)
• Stocks made the market decline including VHM (-0.92 points); PLX (-0.71 points); VCB (-0.65 points); ); TCB (-0.64 points); GAS (-0.46 points)
• Cash flow focused on rubber and transportation stock, liquidity slightly decreased compared to yesterday.
• The matching value of VN-Index today reached VND 2075.92 billion. Today's trading range is 6.82 points. The market has 122 gainers and 172 losers.
• At the end of today's trading session, VN-Index decreased by 4.5 points, closing at 906.55 points. And the HNX-Index also decreased by 0.83 points to 102.54 points.
• Foreign investors today bought a net of VND 62.59 billion on HOSE, focusing on EIB (VND 70.3 billion), STB (VND 22.62 billion) and  VJC (VND 13.63 billion). They also sold  a net of VND 11.35 billion on HNX.

Market outlook 

VN-Index increased slightly in the morning due to the purchasing power concentrated in banking and blue chips stocks such as CTG, BID, HDB, VNM and VHM. In the afternoon session, the index reversed and dropped in comparison with the morning session because the selling increased strongly on TCB, VCB and BVH and VHM reversal. Foreign investors net bought and liquidity decreased slightly compared to yesterday. In BSC's view, the cautious sentiment was still leading the market when there was no positive macro information to create momentum for the market to increase prices. VN Index will still fluctuate in the range 900 - 910 points. Investors should trade cautiously in stocks with high liquidity.

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

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