20180416_BSC_Vietnam Daily Review_EN_Cautious trading_TA_ EIB _ Positive Signals

Highlights
• The weak market trading value in the shaking session showed caution from the market
• The leaders were VIC (+1.06 points), MSN (+0.77 points), SAB (+0.4 points), HDB (+0.36 points), MBB (+0.33 points).
• The laggards were VNM (-3.0 points), VCB (-2.65 points), BID (-2.5 points), ROS (-1.18 points), HPG (-0.61 points)
• There was unclear market trend in today session and the selling force was strong in banking sector.
• The order matching value of VN-Index today reached VND 4,169.73 billion. The trading range was 17.64 points. The market recorded 123 gainers and 149 losers.
• Ending the trading session today, VN-Index declined 8.65 points, closing at 1,148.49 points. In addition, the HNX-Index fell 0.03 points to 133.31 points.
• Foreign investors today were net sellers of VND 57.58 billion on HOSE, focusing on VCB (VND -55.1  billion), VJC (VND -28.4billion), MSN (VND -22.5 billion). On the contrary, they bought a net of VND 155.41 billion on the HNX.

Market Outlook
Opening the first trading session of the week, foreign political factors as well as rumors of margin rate negatively impacted investors sentiment and caused the market to fall deeply. Although there was a time when the market rebounded, but strong selling force made the indexes decreased. Liquidity improved but still remained at low level, showing that the demand from investors was still cautious. Steel stocks fell sharply today, when most of the market continued to be divided strongly. BSC believed that the market is likely to continue to be dominated by foreign macroeconomic news, investors should limit short-term trading at this time when the risk is quite high.

Technical analysis
EIB _ Positive Signals