20160815_BSC_Vietnam Daily Review_EN_Supply declined_ Company Updates - BMP

Highlight

The market traded sideways for most of the session. At the end of the session, VN-Index rose by 0.57% to close at 659.47, HNX-Index rose slightly by 0.05% to close at 83.17. Liquidity on the HSX remained well above the 10-day average with a focus on large-cap stocks as they attracted strong cash flow, in addition, MidCap group also traded actively. Market also diverted in terms of of sectors as the stocks of Construction, Real estate, Construction materials and oil and gas traded better than the general market. Foreign investors were net sellers on the HSX with nearly VND 210 billion net and traded balanced on HNX.

Recommendation

Slight correction in the morning brought market closer to support levels below the 650, however, the market has reversed during the day and then increased until the end of the session. Contributions to market gains did not come from the familiar key stocks, but came from the Midcap such as HBC (+ 6.6%), HT1 (+ 5.1%), KBC (+ 4.5%), PVD (+ 3.2%), the Hoang Anh Gia Lai shares (HAG, HNG). In addition, the market demand was focused on the energy, real estate, construction materials, Textile industries. Investors may continue to keep high stock weights in portfolio to benefit from another market rise.

Company Updates - BMP - Binh Minh Plastics Jsc. (HOSE)