20160923_BSC_Vietnam Daily Review_EN_ A positive week

Highlight

The market has increased during the last week, as of the last trading session today, the VN-Index gained 22.78 points, respectively increased by 3.5% during the week, the index market closer to the peak. The group of key shares today includes GAS, VIC, FPT and especially the rise again VNM, this group contributed to the market above 3 points.

Market commentaries

Market index has moved back to safer areas. Technical indicators maintained positive during the week. Next week, the correction may occur due to short-term profit taking. Market index may adjust to lower level. However, this is considered to be an opportunities for investors to restructure their portfolios , profiting shares which had risen in the last week and purchasing the fundamental stocks which have adjusted accordingly with market’s capital flow into bright outlook industry groups. Resistance level of 680 will be still remaining challenged for VN-index in the next week. However, if the market demand for key shares remain like it was in the last week, it is likely that market index will set a new higher level  in the next week