20160523_BSC_Vietnam Daily Review_EN_Weakening demand

Summary
First day of US President’s visit brought some good news: US will lift arms embargo on Vietnam, $11.3 Billion deal between Boeing and Vietjet. However, VN-Index (-0.61%) had fourth decline in a row on account of large-cap stocks fell, especially bank stocks and GAS. VCB ( -2.7%) only pull VN-Index down 1.73 points. All markets’ liquidity weakened significantly in morning session but was enhanced in the afternoon. HSS (+1.2%) had a noticeable put-through order with 12.05 mil stocks at ceiling price.
Both HNX-Index (-0.58%) and Upcom- Index (-0.67%) fell slightly. Today, foreign investor bought net on 3 exchanges.

Recommendation
Market demand weakened but VN-Index has been moving in a safe area. Upward momentum has weakened significantly; hence, investors should continue to reduce proportion of holding if VN-Index falls below 608 points in the losing sessions or cannot pass 615 points in the rally sessions.