20160929_BSC_Vietnam Daily Review_EN_Active trading on Oil stocks

Highlight

VN-Index opened in the green and maintained the rally until some Bluechip such as BVH, VCB suddenly fell near the end of the session, put selling pressure on other stocks. However, VN-Index still closed higher thanks to GAS, PVD, ROS, MSN maintained momentum until the session end. The highlight of the session was on oil and petrol stocks such as GAS, PVS, PVD, PVT, PXS with price and trading volume surged. The fact that OPEC group achieved a preliminary agreement to cut about 750 thousand barrels / day immediately pushed oil prices higher, inflict positive impact on the domestic oil and gas stocks. Ending the session, VN-Index rose by 1.83 points to 688.55 (+ 0.27%), the HNX-Index also rose by 0.75 points to 885.07 (+ 0.89%). Market liquidity was not changed with 168 million shares changing hands, trading value increased significantly to $ 3539 billion. Cash flow continuously circulated through the blue-chips, leaving BVH, CTG, BID, and moved to the GAS VCB, PVD, MSN today. Foreigners were net buyers on the HSX today with a net value of about 34 billion, focuses on MSN and SSI, net buyers on HNX with the largest net value on PVS. Notable put through belongs to HPG with nearly 1.5 million shares at the floor price. Market breadth was balanced with 237 advancers and 223 decliners.

Recommendation

VN-Index rallied to the 10th session accompanied by growing transaction volume. Oil and gas stocks recommended by BSC in previous reports exploded today and was a major factor supporting the market. The market is showing signs of correction for further rally to new highs. Investors may accumulate more good fundamental stocks in case that VN-Index to 681. Stocks may be accumulated including tiles, building materials, steel, seaport and technology.