20180502_BSC_Vietnam Daily Review_EN_Continue bottom searching_TA_VN_Index

Highlights
• The afternoon session continued to consolidate the medium-term downtrend trend of the index
• The leaders were PLX (+2.02 points), MSN (+0.67 points), HPG (0.33 points), TCH (+0.24 points), FRT (+0.11 points)
• The laggards were GAS (-5.42 points), BID (-3.10 points), CTG (-2.77 points), VCB (-2.45 points), BVH (-1.23 points)
• The money flow continued to be pulled out from the groups of Banks, Securities, Real Estate and other main stocks.
• The trading value of VN-Index today was VND4,521.8 billion. The trading range for today was 28.77. The market recorded 98 gainers and 185 losers.
• Ending the trading session today, VN-Index dropped 21.18 points, closing at 1,029.08 points. Similarly, the HNX-Index decreased 1.67 points, stopped at 120.97 points.
• Foreign investors today sold VND358.4 billion on HOSE with VIC (-367 billion), VJC (-110 billion) and VRE (-108 billion). Conversely, they net bought VND6.06 billion on the HNX.

Market Outlook
After rising slightly at the beginning of the trading session, the index turned back to decrease due to strong selling pressure. In particular, GAS and VIC are deeply bearish causing more negative sentiment. Not long after that, the banking group (BID and CTG) hit the floor, excited the sell-off effect in the market, resulted in the group of securities and real estate to be sold strongly. Ending the trading session, the VN Index lost 2.02%. These plunge sessions have blown away the increase momentum of the VN-Index in the first quarter, led to a slight increase of 3% instead of the peak of 20.7%. When the market is still in bad condition, investors should avoid further disbursement and limit the bottom catching.
 

Technical analysis
VN_Index
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)