20171102_BSC_Vietnam Daily Review_EN_Sky fall_TA_MWG_Deep Correction

Highlights

• Vietnam stock market decline strongly.

• Leading stocks were VIC (+1.44 points), SAB (+0.52 points), VNM (+0.51 points), NVL (+0.23 points) and CTD (+0.12 points)

• Laggards were ROS (-2.53 points), PLX (-2.02 points), VPB (-1.35 points), MWG (-0.83 points) và VCB (-0.7 points)

• Session today, the large cap stock has started falling sharply

• The trading value of VN-Index in this session reached VND 3.814 billion. The daily trading range was 16.42 points. The market breadth was negative 101 advancers / 177 decliners.

• At the end of the trading session today, HSX decreased 9.62 points, closing at 833.09 points. The HNX also decreased 1.56 points to 103.42 points.

• Foreigners today net bought VND 216.48 billion on the HOSE focusing on VNM (VND 27.1 billion), CTD (VND 24.5 billion), VCB (VND 30.13 billion). Same trend, they net bought VND 22.01 billion on the HNX.

Market outlook

The market today declined strongly. At one point, VN-Index rallied and peaked at 849.5 points. However, the selling force immediately made the index drop fast. The market has attracted more investors as a lot of stocks plunged deeply. The index plunged but the liquidity increased only at relative level, so the market is likely to decrease in the next session.. We strongly advise our traders continue to watch the market, we may consider reducing some stocks in the market.

Technical Analysis

MWG _Deep correction