20180524_BSC_Vietnam Daily Review_EN_Narrow spread_TA_ DGW_Short-term accumulation

Highlights
• The market had a shaking session and low trading volume in most of the trading time
• The leaders were VHM (+3.69 points); VIC (+0.95 points); HPG (+0.34 points); VNM (+0.33 points); VCI (+0.11 points)
• The laggards were VCB (-1.41 points); VJC (-0.96 points); ROS (-0.91 points); BID (-0.89 points); CTG (-0.79 points)
• In this trading day, most stocks traded in narrow band. The banking sector decreased while a number of stocks (CTD, VJC) plunged deeply, making market sentiment negative.
• The trading value of VN-Index in today session reached 3363.9 billion. The trading range was 21.68 points. The market recorded 120 gainers and 169 decliners.
• By the ending of the session, VN-Index decreased 3.02 points, closing at 985.92 points. Moreover, HNX-Index decreased 1.04 points to 117.07 points.
• Foreign investors today net sold 147 billion on HOSE, focusing on VHM (154 billion), HDB (43 billion) and VIC (40 billion). They also net sold 4.7 billion on HNX.

Market outlook
In the morning session, the index was weak around the reference levels. Stocks were moving in contrast directions while trading volume weakened. In the afternoon, the selling pressure increased, causing the index to fall deeply but quickly recovered thanks to VHM. However, the recovery is not accompanied by sudden increase in liquidity, causing market conditions to remain at a sensitive stage. Banking tickers were all in decline while some stocks (CTD, VJC) fell deeply. BSC believes that investors should stay out of the market, not making new disbursements.

Technical analysis
DGW_Short-term accumulation
Cutloss GTN 10.8%
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)