20160511_BSC_Vietnam Daily Review_EN_Market driven by news

Summary

Bluechips with a strong increase altogether, including VNM (+2.1%), VIC (+2.9%), GAS (+2%) and CTG(+3.4%) have pulled VN-Index tangled to the resistance at 615 points according to weekly S-H-S pattern. Today, advances have outnumbered decliners but market liquidity kept decreasing the fourth day in a row. HNX ended up slightly along with higher level of liquidity. VNM was back to be the driver for the increase of VN-Index. Trading volume from put-through increased sharply, especially in HPG with 11 million and TTF with 41.5 million. Unsual volume has been seen ib TLH which had the highest gain and volume today.

Recommendation

Large - caps reached high prices, the current market sentiment can be continued tomorrow but with a limited possibily for short-term gains. Investors consider lowering the stock proportion.