20160825_BSC_Vietnam Daily Review_EN_Sign of risk

Highlight

VN-Index declined at the beginning of the trading session, down to the support 655, then fluctuated during the session, closed under 660. 2 floors ended mixed when at the closing, VN-Index lost 2.27 points to close at 658.5 (-0.34%), the HNX-Index rose slightly by 0.19 to 83.32 (+ 0.23%). The emphasis is put on TTF when it traded with large volatility during the day and closed at the ceiling with spike in trading volume despite the negative information about a number of serious business distortion to improve revenue, profits. Overall market breadth did not improve much with 192 advancers / 190 decliners Foreign investors remained net sellers on the HSX, however, the net sales decreased to about 70 billion.

Recommendation

Market moved under the reference level and above support 655, market liquidity increased, especially when index approached the support level. Cash flow remained at some key stocks such as HPG, HSG, market demand at TTF also brought it up to the top of the market liquidity. Despite a slight correction, most stocks rebounded, Small stocks had better performance in the session than the rest of the market, the performance of large capitalization stocks was down slightly. GAS, VIC, CTG down contributed to the correction of market indices. The possibility of a correction in the coming sessions could put the market to test support at the 645-650 area. Investors are recommended to restrain from new positiion, maintain a reasonable amount of cash, reduce the proportion of stocks in the portfolio.