20160920_BSC_Vietnam Daily Review_EN_Overcome resistance at 660

Highlights
Positive recovery session helped the market get rid of the 660 points resistant level and exit the cumulative range of 650-655 points formed last week, liquidity maintained stable. Upward momentum became positive in the early afternoon session thanks to VCB demand and GAS, MSN and VIC, overwhelming the weaken from VNM stock.

Market comments
Market trends become more active and also showed the excited investment sentiment after weeks of deeply adjusting due to ETF restructure. Cash flow came from the domestic market, and net selling tendency maintained but are narrowing. The market in the coming sessions need to test the support level of 660 with the support of the pillar stocks before conquering the previous peak of 680 points, investors can invest in undervalued large-cap stocks under ETF restructure, which are the fundamental stocks being assessed positively in the last months of the year.