20170731_BSC_Vietnam Daily Review_EN_Uptrend maintained

Highlight
Market continued to maintain an uptrend in today session. The market fluctuated slightly to middle of morning session, and then rose sharply until the closing. VN-Index closed at 783.55 points, up by 6.46 points, nearly reaching the peak of 783.80 which was formed earlier this month. Trading range was almost similar to the previous session, with the gap of 6.6 points between the market's peak and bottom. The key stocks which helped the market continue to rise were VIC (+1.41 points), BID (+1.40 points), CTG (+1.13 points), GAS (+0.69 points) and MSN (+0.45 points). In the opposite direction, the key stocks which hindered the market’s upward were PLX (-0.51 points), HSG (-0.22 points), EIB (-0.21 points), VNM (-0.19 points) and BHN (- 0.12 points). Market cash flow today was strong in the banking sector (BID, CTG, STB) and real estate (VIC, ROS, NVL) but narrowed in the steel sector (HSG, HPG). Market scale was neutral with 147 advancers, 145 decliners and 51 stocks unchanged. Market liquidity was notable with a big gain as trading value reached VND 4,339 billion, increase by 31.3%. On HNX exchange, HNX-Index also gained 0.63 points and closed at 101.18 points with very good liquidity of VND 666.8 billion.

Market outlook
The trend of cash flow will move around the large cap stocks and lead the market. In terms of index points, the market index returned to the short-term resistance level of 780 points, and the market liquidity increased together with the support from the large capitalization stocks, especially banking stocks as market leading stocks. The market is returning to the uptrend period along with liquidity improvement. In the upcoming sessions, VN-Index has the potential to conquer the short-term resistance level of 800 points, with positive liquidity around the group of large capitalization stocks; the market is fluctuating in the safe point region.