20180814_BSC_Vietnam Daily Review_EN_Market is supported_TA_PNJ_Surpassed SMA200

Highlights
• The market fluctuated in the morning session and recovered in the afternoon session.
• The leaders were MSN (+0.94 points); VNM (+0.9 points); VIC (+0.49 points); MWG (+0.35 points); NVL (+0.25 points)
• The laggards were VCB (-1.12 points); GAS (-1.07 points); BID (-0.53 points); CTG (-0.52 points); PLX (-0.36 points)
• Cash flow focused on retail service stocks and construction and materials stocks.
 • The trading value of VN-Index in today session reached 3613.8 billion. The trading range was 6.95 points. The market recorded 144 gainers and 150 decliners.
• By the ending of the session, VN-Index increased 0.23 points, closing at 978.27 points. However, HNX-Index decreased 0.68 points to 109.79 points.
• Foreign investors today net bought 7.8 billion on HOSE, focusing on VJC (63.94 billion), CTD (40.75 billion) and DXG (34.02 billion). They also net bought 3.17 billion on HNX.
 

Market outlook
Market indexes continued to fluctuate in narrow range today. The psychology of taking profit in oil and banking stocks from investors who participated in the bottom of the market as well as the psychology of cutting loss from investors who participated in the period of May and June made the market shake with slight liquidity decrease. The market was supported and recovered in the afternoon due to strong support from domestic investors and the support of foreign investors as they turned back to net buy although they continued to be net sell VNM and VIC. BSC commented that the market is in a cumulative position and short-term support and will continue to test 980 points psychology level in the next session, investors should consider opening positions with retail service and construction and materials stocks which have received large cash inflow.

Technical analysis
PNJ – Surpassed SMA200
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)