20161110_BSC_Vietnam Daily Review_EN_Rebounding

Highlight

VN-Index went along with green color on the global market when earned more than 6 points right from the beginning of the session and maintained the uptrend during the session. Many large cap stocks actively traded such as ROS, GAS, VCB, VNM, VIC helped the VN-Index close up 7.91 points to 678.17 (+ 1.18%), the HNX-Index also rose to 81.38 points (+1.58 %). Market liquidity remained high with over 167 million shares were traded corresponding to the trading value of 2605 billion. Most industry groups have rallied in today's trading session, the most notable is the steel group with HPG, HSG, NKG and SMC rose strongly, rubber group with DPR, TRC, VHG and PHR, beer continued to surge with BSP, SMB, WSB although HAT and HNB are correcting. Pharmaceutical Group also actively traded with DMC, DHG and DCL. The speculative stocks also benefited in session today with HHS, FLC, HAG, HNG, TTF TMT gained much.

Recommendation

VN-Index maintained green on both sessions and maintained liquidity at a high level is positive for the next session. VN-Index breaks above MA15 and rises above the lower bound of the medium term rising channel has opened up the possibility of further recovery towards 690. Investors may open position slowly if the liquidity of the VN-Index remains well. In addition, commodity prices of base metals such as steel rods, copper, aluminum, zinc rose sharply after Donald Trump won the election may be short-term trading opportunities for investors