20180427_BSC_Vietnam Daily Review_EN_Modest Recovery_TA_MBB_Near the Bottom

Highlights
• Today’s session was a mild recovery with the restoration of the banking and securities group.
• The leaders were VCB (+2.35 points), VNM (+2.10 points), PLX (+1.87 points), CTG (+1.42 points), MSN (+1.09 points).
• The laggards were GAS (-5.76 points), NVL (-1.43 points), SAB (-1.39 points), VIC (-0.96 points), VJC (-0.82 points).
• After a strong fall yesterday, the banking and securities group had a slightly recovering session, helping the index close with a slight gain. In contrast with that positive trend, GAS and NVL fell sharply and closed at the floor price.
• The order matching value of VN-Index in this trading session was VND 4,748.8 billion. The trading range for today was 23.05. The market recorded 188 gainers and 98 losers.
• VN-Index increased 5.40 points, closed at 1,050.26 points. With similar movements, the HNX-Index gained 2.53 points, reaching 122.64 points.
• Foreign investors today were net buyer of VND 141.9 billion on HOSE, focusing on FRT (518 billion), SSI (28.4 billion) and MSN (18.8 billion). In contrast, they net sold 7.5 billion VND on HNX.

Market Outlook
The market had a slight rebound, although the morning index witnessed a deep drop. Stocks were in reverse directions. While PLX and the banking and securities group gained, GAS and NVL were strongly sold at floor prices. The VN-index closed at 1,050.26 points, increased by 0.52%. Although there was this recovery session, the market is still very risky to determine the bottom. Investors should still lower their margin to safe levels.
 
Technical analysis
MBB_Near the Bottom
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)