20180815_BSC_Vietnam Daily Review_EN_Strong shaking Market_TA_SBT_Approaching resistance

Highlights
• The market fluctuated slightly in the morning session and declined strongly in the afternoon session.
• The leaders were SAB (+0.19 points); VNM (+0.18 points); SBT (+0.08 points); FRT (+0.04 points); VHC (+0.03 points)
• The laggards were GAS (-3.69 points); VCB (-2.46 points); VIC (-1.39 points); PLX (-1.12 points); VJC (-0.91 points)
• Cash flow focused on education stocks and fisheries stocks.
• The trading value of VN-Index in today session reached 3814.2 billion. The trading range was 20.63 points. The market recorded 106 gainers and 191 decliners.
• By the ending of the session, VN-Index decreased 16.9 points, closing at 961.37 points. HNX-Index also decreased 1.77 points to 108.02 points.
• Foreign investors today net sold 32.01 billion on HOSE, focusing on VHM (24.68 billion), VIC (19.82 billion) and NVL (14.89 billion). They also net sold 1.76 billion on HNX.
 

Market outlook
Market indexes continued to fluctuate in a large range today. Concerns over oil price slump due to supply surpluses, Sino-US and Turkey-US trade tensions and the appreciation of the dollar as well as investor’s psychology of taking profit and cutting loss from yesterday session and lack of support from the foreigner investors when they were still in the net selling trend have pushed the market down in the afternoon session, especially high selling pressure in oil and banking stocks. BSC commented that the market is in a short-term correction session and will recover in the next session. Investors should monitor market news and macro-economic news and limit trading.

Technical analysis
SBT – Approaching resistance
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)