20181217_BSC_Vietnam Daily Review_EN_Negative sentiment_TA VCB Short-term correction

Highlights
• VN-Index fluctuated and decreased in the morning session. The Index continued to decrease in the afternoon session.
• The leaders were PNJ (+0.07 points); ITA (+0.04 points); SJS (+0.03 points); DHG (+0.02 points); PHR (+0.02 points).
• The laggards were VHM (-2.38 points); VCB (-1.89 points); GAS (-1.66 points); TCB (-1.35 points); MSN (-1.26 points).
• Cash flow focused on Education  and Medicine, liquidity slightly increased .
• The trading value of VN-Index in today session was VND 3030 billion. The trading range was 14.45 points. The market recorded 66 gainers and 231 decliners.
• By the ending of the session, VN-Index decreased by 18.39 points, closing at 933.65 points. At the same time, HNX-Index also decreased by 1.64 points to 105.01 points.
• Foreign investors today net sold VND 27.92 billion on HOSE, focusing on VPB (VND 36.48 billion), VCB (VND 25.76 billion) and VCI (VND 16.17 billion). At the same time, they net bought VND 1.49 billion on HNX.

Market outlook 
In the morning session, the VN-Index fluctuated and dropped sharply with selling force focused on bluechips such as VHM, GAS, MSN and SAB and banking stocks such as VCB, CTG, TCB and BID. In the afternoon session, VN-Index continued to decline, except for PNJ, DHG rose and KDC and SAB stayed at the reference price. Foreigners were net sellers today. In BSC's view, the market fell against the regional market due to concerns about the Fed's ability to raise interest rates and ETF restructuring list this week. The market is likely to continue shaking this week.

Technical analysis
VCB_Short-term correction
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)