20180810_BSC_Vietnam Daily Review_EN Strong shakes TA_ SSI – Testing resistance

Highlights
• The trading session today had been sharply decreased at the end of morning session and recovered at the afternoon session.
• The leaders were VCB (+2.4 points); BID (+1.1 points); NVL (+0.56 points); BVH (+0.55 points); PLX (+0.4 points)
• The laggards were VHM (-1.5 points); VRE (-0.47 points); MSN (-0.33 points); TCB (-0.22 points); VPB (-0.08 points)
• Cash flow focused on banking and oil stocks along with the duo HAG and HNG
• The trading value of VN-Index in today session reached 4825.12 billion. The trading range was 13.43 points. The market recorded 141 gainers and 148 decliners.
• By the ending of the session, VN-Index increased 4.97 points, closing at 968.47 points. HNX-Index also increased 0.61 points to 108.41 points.
• Foreign investors today net sold -56.04 billion on HOSE, focusing on VNM (-85.77 billion), VIC (-65.5 billion) and VRE (-20.1 billion). They also net bought 3.87 billion on HNX.

Market outlook
Market index fluctuated with a large amplitude today. Investors' psychology is very dependent on the stock status of VIC and VNM when these two stocks are continuously sold out strongly during the session. The market was only did well in the afternoon when the foreigners reduced the selling power on VIC and this stock recovered to the opening price with VCB and VNM gained, causing the bank and petrol to return and gain strength. BSC forecasts that the market is in the process of short-term recovery to the 980-1000 points and investors still have the opportunity to disburse each share in the current flows of money such as oil and gas banks.

Technical analysis
SSI – Testing resistance
(Please go to page 2 for trading status of stocks and page 4 for Blue chip stocks information)