20160809_BSC_Vietnam Daily Review_EN_Short-term optimism_Company Updates DBT

Highlight

The market rose from the start of the trading session. Most sectors have recovered well, Constructional materials, Real Estate, Oil and Gas maintained green color till the end helped VN-Index rise firmly during the session. Cash continued to focus on the large-cap stocks such as VNM, VIC, HPG, HSG. In addition, Oil and gas stocks such as PVS, GAS, PVD also benefited from the rebound of commodity prices. The steady rise of Bluechip sustained rising momentum of main index and spread to other groups such as Sugar, Stock, Rubber, Transport and Construction.

Recommendation

The market has recovered well with both volume and prices increased as expected before. Closing the trading session, VN-Index rose 1.3% to 637.3 with slightly higher trading volume than the previous session. Cash flew to Bluechip such as VIC, VNM, PVD, BVH, NT2, kepping sustainable market rally in both morning and afternoon sessions. The market breadth on the VN-Index continued to be positive with 152 advancers/57 decliners. VN-Index is expected to challenge resistance 640 in the next sessions. Since this is the strong resistance and significant in determining whether VN-Index can reversed the medium-term trend or not, investors should carefully observe the reaction of the VN-Index at this level.

Company Updates - DBT - Ben Tre Pharmaceutical Jsc. (HNX)