20171117_BSC_Vietnam Daily Review_EN_Surplas 900 points_TA_AAA_Accumulating

Highlights
• VN-Index strongly surpassed 900 points thanks to support from large cap stocks.
• The top leaders were VIC (+4.9 points), VRE (+2.2 points), VNM (+2.1 points), GAS (+1 points) and PLX (+0.87 points).
• The top laggards were HPG (-0.46 points), NVL (-0.23 points), VPB (-0.20 points), ROS (-0.11 points) and CTD (-0.10 points).
• The division of the key stocks is quite clear.  
• The trading value of VN-Index in this session reached about VND 3,710 billion. The daily trading range was 14 points. The market breadth was balanced with 143 advancers / 129 decliners.
• At the end of the trading session today, HSX increased 12.86 points, closing at 903.55 points. In contrast, the HNX decreased 0.2 points to 108.11 points.
• Foreigners today net sold VND 31.35 billion on the HOSE focusing on HPG (VND 52.3 billion), HBC (VND 46.4 billion), BMP (VND 25 billion). Similarly, they net sold VND 5.25 billion on the HNX.
 

Market outlook
Today’s market strengthened with good liquidity. Large-cap stocks such as VNM, VIC, and BMP increased help the VN-Index gain 12.86 points and surpassed 900 points easily. Market liquidity decreased but the gain momentum spread to the market when the advance had spread to some good fundamental stocks such as MWG, KDH and PNJ. VNM continued to have big deals when foreigners exchanged 6.4 million shares which worth nearly VND 1,100 billion. BSC recommends investors continue to hold good fundamentals and restrict trading in speculative stocks in the current market.
 

Technical Analysis
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