20160621_BSC_Vietnam Daily Review_EN_Slowdown at session end

Highlight
The prolonging recovery of global oil was unable to boost the oil and gas stocks in Vietnam market as most of the group fell today. However, in a day without force from P-stocks, VN-Index still gained quite well thanks to momentum from other BCs such as VNM, HPG, and VIC. Positive sentiment on global markets, due to risk of Brexit was reduced, spread to Vietnam exchanges when the recovery attracted cash flow. Trading value focused on the BCs, which lifted VN-Index over threshold of 630 intraday. HNX-Index also rose slightly despite spending most pf session traded around the reference level. On Upcom, trades were still exciting even it mainly focused on large-cap.

Recommendation
Continuing last session increasing momentum, the market rose as expected from the previous session with trading volume increased significantly although it was unable to close above the resistance level of 630. Rising momentum slowed down at the end of session but cash flow increased and focused on some stocks whose expected results in Q2 are good, in addition, though the technical indicators MACD, RSI is showing improvement, VN-Index exhibited inverted hammer candlestick showing reversal signal in short term. The recommended stocks in our short-term portfolio such as HHG, CVT showed good growth and exceeded expectations, investor may take profit already or hold in the medium term. Investors are recommended to maintain the current weight of stocks in portfolio, reducing the weights as VN-Index continued approaching the old peak.