20160927_BSC_Vietnam Daily Review_EN_Overtook peak of decade

Highlight

VN-Index enjoyed a positive trading session and officially closed on the highest level in nearly a decade. Ending the session, VN-Index rose by 7.85 points to 684.89 (+ 1.16%), HNX-Index also rose by 0.38 points to 83.48 (+ 0.45%). Market liquidity was also improved with about 167 million shares changing hands equivalent to more than 3000 billion. Market transactions showed excitement right from the start of trading session but leveled off in the middle of the session when the VN-Index traded around 681.75 - the old peak. In afternoon session, smart money flew to bluechip stocks including VCB, GAS, BVH, VIC, BID, CTG, helped VN-Index easily closed at its highest level of the day. Foreigners were net sellers on the HSX today with a net value of about 102 billion, focused on VNM and HPG. Notable put-through belongs to CAV with nearly 1.6 million units equivalent to 149 billion. Market breadth was positive with 233 advancers and 201 decliners.

Recommendation

VN-Index maintained green throughout the session before breaking out from the previous peak 681 and closed at the highest level during the day. Recent recommended shares by BSC sluch as VNR, DRC, DHA, petroleum, construction materials experienced a higher growth than the overall market. The regional stock market as well as European region are recovering strongly after Hillary Clinton was rated higher than Trump in the first presidential debate is also firm support for the uptrend of the VN-Index. Investors may continue to maintain good fundamental equity portfolio purchased before and pay attention to stocks with expected good Q3 results.