20180514_BSC_Vietnam Daily Review_EN_Greatly divided_PTKT_VIC_Testing old peak

Highlights
• The market had a strong increasing session but there was a division between stocks.
• The leaders were VIC (+7.68 points), GAS (+4.81 points), SAB (+2.33 points), VRE (+2.18 points), MSN (+1.72 points).
• The laggards were VPB (-0.98), NVL (-0.46 points), HDB (-0.32 points), VND (-0.09 points), TPB (-0.06 points).
• Main stocks gained significantly, supporting the upward momentum of the index.
• The matching order value of the VN-Index today reached VND3,740.9 billion. The trading range for today was 24.67. The market recorded 171 gainers and 122 losers.
• Ending the trading session today, VN-Index increased 22.13 points, closing at 1066.98 points. In addition, the HNX-Index gained 0.51 points to 123.28 points.
• Foreign investors saw a net selling of VND94bn on HOSE with SSI (VND45.6bn), VIC (VND38.1bn) and VNM (VND36.1bn). In addition, they net sold VND4 billion on HNX.

Market Comment
The trading session today has a strong division between stocks. The rise was mainly in late afternoon and quotation trading session. The group of stocks such as GAS, VIC, MSN, SAB, FPT saw a big increase. In the opposite direction, NVL, VPB and VND slipped, especially VND closed at the floor price. However, the rise of capitalization stocks has created positive sentiment for the market. BSC believes the market has been more stable, however, the correction sessions are likely to take place. Investors should conservatively consider buying when the price started to recover, and avoid not using margin in this sensitive time.