20180619_BSC_Vietnam Daily Review_EN_Negative sentiment_TA_VCB_Follow

Highlights
• Today's market was sold very strongly, negative sentiment spread at the beginning of the session.
• The leaders were SBT (+0.44 points); CII (+0.03 points); VCB (+0.00 point).
• The laggards were HPG (-4.79 points); VNM (-3.71 points); MSN (-3.41 points); VJC (-2.29 points); SAB (-1.37 points)
• Following strong selling pressure, the stocks plunged sharply
• The trading value of VN-Index in today session reached 5,680.4 billion. The trading range was 31.05 points. The market recorded 46 gainers and 257 decliners.
• By the ending of the session, VN-Index decreased 25.18 points, closing at 962.16 points. Moreover, HNX-Index decreased 2.47 points to 110.58 points.
• Foreign investors today net sold 119.55 billion on HOSE, focusing on HPG (137.45 billion), VIC (78.72 billion) and VHM (34.44 billion). However, they net bought 11.7 billion on HNX.

Market outlook
Continuing the selling momentum in the previous session, the market from the beginning of the session has dropped sharply. The selling pressure increased in the middle of the afternoon session, sometimes VN-Index decreased over 40 points. The stocks plunged in red, many stocks fell to floor prices. BSC said that the market sentiment was negative due to the continuous net selling of foreigners in the past time, and observing no signs of recovery. Investors should avoid using margin in this period.

Technical analysis

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