20160601_BSC_Vietnam Daily Review_EN_Seeking for a leader

Summary

The market excitement has been halted as VN-Index rose slightly, HNX-Index remained unchanged. The large - cap lost their momentum while the advancers having relatively small market capitalization in order to lift the market. Steel, real - estate and seafood stocks were traded noticeably. Market liquidity remains fairly on HOSE and foreign investors kept net buying but with insignificant value.

Recommendation

VN-Index fluctuated around the reference point in most of the trading session and closed slightly up near the psychological resistance at 620 pts. After rising slightly today, the support and resistance levels of VN-Index are at 621 and 618 in short-term respectively, and further at 628 and 603 respectively. The market may move narrowly in the coming sessions before it can determine its short-term trend, in mid-term the market is still moving in a safe zone. Investors should keep the weights of stocks in portfolio at a safe level and may observe banking stock movements.