20160928_BSC_Vietnam Daily Review_EN_Smart money switched_Technical Views - CSV

Highlight

VN-Index enjoyed rise at the beginning of the session. Despite slowdown at the middle of the session and slight intraday correction, strong demand on the Bluechip in late trading helped VN-Index close at near its highest level during the day. Ending the session, VN-Index rose by 1.83 points to 686.72 (+ 0.27%), HNX-Index also rose by 0.84 points to 84.32 (+ 1.01%). Market liquidity didn’t not change much with about 164 million shares changing hands equivalent to more than 3178 billion. Afternoon session marked the positive trading on bluechip stocks including VCB, GAS, BVH, HPG, BID, CTG, lifting VN-Index easily to close at near its highest level during the day. In contrast, VIC declined, narrowing the rise of the VN-Index Foreigners were net sellers on the HSX today with net value of about 35 billion, focuses on VIC and HPG. The notable put-throughs belongs to PAC with nearly 4.9 million units traded equivalent to 195 billion. Market breadth weakened with 234 advancers and 244 decliners.

Recommendation

VN-Index enjoyed the 8th rally Session in a row. Cash flow continued to focus on familiar Bluechip such as BVH, VCB, HPG, helped maintain market momentum and continuously circulated through industry groups. Short-term goals of the VN-Index is 700, however, the possibility of the correction of VN-Index is high in the coming sessions. Investors should continue to maintain good fundamental equity portfolio purchased and pay attention to the stocks with expected good Q3 results.

Technical Views - CSV - South Basic Chemical Jsc. (HSX)