20160919_BSC_Vietnam Daily Review_EN_The positive recovery in the first trading session

Highlight
Markets started the week positively after the ETF structure week, the VN-Index rebounded by 6.58 points, equivalent to 1.01%, reaching 657.89 points; the HNX-Index also rose slightly by 0.38 points , equivalent to 1.46%, to 82.74 points. Most sustained market momentum came from pillar shares such as VCB, MSN, BVH, GAS; in the opposite direction, the adjustment of VNM, VIC, MWG, CTG stocks weaken market index. The recovery became more positive as rising stocks were slightly higher than falling stocks, although market breadth did not really improved, in which 140 increasing over 110 falling stocks on HOSE. Although foreign investors remained net sellers, the uptrend and maintaining liquidity improved the market significantly in terms of scores.

Recommendation
Cumulative price range of 650-655 were quite reliable for the market, the immediate resistance of 660 will be very difficult for the market index, and needed a further accumulation in the next sessions before accessing this sensitive resistances again. Depending on market movements, investors should participate the market with these stocks which maintain stable liquidity and have good fundamentals in earnings expected for the year end. However, the proportion should maintain reasonable in absence of a positive shift from market cash flow and cash flow of foreign investment.