20161122_BSC_Vietnam Daily Review_EN_No impact of TPP withdrawal on VN-Index

Highlight

Stocks of oil and gas are the focus of the market today as they rallied in the same way with WTI oil price. Iran is optimistic with OPEC deal to cut output and Iraq is said to have new proposals to strengthen the unity of the block before the meeting took place in Vienna pushed oil price to hit its highest level in 3 weeks. Donald Trump announced that USA would withdraw from the TPP on the first day of his Presidency has no negative impact on the movements of the VN-Index in today session. Thanks to the large-cap stocks such as VNM, oil and gas group and the banking group, VN-Index maintained green color in the trading session and closed at the highest level in the day + 7.62 points or 1.13%. HNX-Index was up 0.35%. Liquidity improved slightly compared with the previous trading session with about 150 million shares changed hand corresponding to the trading value of 2681 billion.

Recommendation

VN-Index increased sustainably in the session because of the large stocks such as VNM, GAS, BID, VCB maintain the green color, while no large stock dropped much. VN-Index is currently well supported by VNM, banking groups and oil and gas group with initial liquidity improvement. VN-Index is likely to continue to keep the green color in the next trading session, investors preferred risk might be interested in the stocks which is supported by fundamental such as rubber and steel.