20171116_BSC_Vietnam Daily Review_EN_Pierced level of 890 points_VIP_New price level

Highlights
• VN-Index pierced level of 890 points thanks to the rise of large-cap stocks.
• Stocks gained the most included SAB (+2.2 points), VCB (+1.5 points), MSN (+1.1 points), VIC (+0.9 points) and VNM (+0.77 points).
• Stocks led the market to fall including VRE (-0.36 points), CTD (-0.11 points), BHN (-0.08 points), BVH (-0.08 points) and BID (-0.06 points).
• Almost all sectors increased except Steel.
• The trasaction value of VN-Index in today session reached VND 3,940 billion. The trading range was at 10.21 points today. The market breadth was fairly positive today with 176 advancers / 111 decliners.
• Ending the trading session today, the VN-Index gained 10.21 points, closing at 892.80 points. In addition, the HNX gained 0.81 points to 108.29.
• Foreign investors today were net buyers of VND 292.15 billion on HOSE, concentrating on VNM (VND 352.9 billion), HPG (VND 40 billion) and BID (VND 18.9 billion). In contrast, they net sold VND 37.08 billion on the HNX.

Market Outlook
This is the 10th consecutive gaining session of the VN-Index due to the big support from Blue chip stocks. Moreover, this momentum has spread to the market and the typical sectors such as Oil & Gas, Securities, only the Steel industry is under correction in today session. Despite strong gains, transaction value continued to decrease, proving that the market sentiment of investors is waiting for the correction from the VN-Index to be able to seek profit later. BSC said that the VN-Index will quickly conquer the new highs, the earliest of 900 points, but also recommended that investors should focus on stocks with good fundamentals as well as waiting for the information.

Technical Analysis
VIP_New price level