20161123_BSC_Vietnam Daily Review_EN_International Markets show optimism

Highlight

MSN is the focus of today's trading session, rose sharply with liquidity improved as this is the first time in 6 years MSN will pay dividend. Many large stocks such as VNM, MWG, HPG, PC1 corrrected halted VN-Index to soar even though MSN is trading around the ceiling price and bluechips such as BVH, VCB, VIC, FPT, KDC keep the green color. Closing the session, VN-Index rose by 1.25 points to 683.16 (+ 0.18%), the HNX-Index rose by 0.37 points to 81.4 (+ 0.45%). The market liquidity continued to improve slightly with a total of 152 million shares were traded corresponding to a trading value of 2888 billion.

On international financial markets, the possibility of the Fed to raise interest rates in December FOMC meeting are very high. However, investors' optimism of strong enough US and world economy to absorb the higher interest pushed stock markets higher. The US stock index continuously established new highs in the history while Asian markets also rose. On the other hand, the price of crude oil was trading at around $ 49 / barrel after OPEC has yet to agree on a deal in cutting production before the meeting in Vienna.

Recommendation

VN-Index continued to rise slightly accompanied with improved liquidity. Markets hold gains thanks to rotation of rising stocks such as VNM, MSN, HPG, VCB although no groups have notable transactions. Short-term target of VN-Index is still 690 when there is no other strong enough supportive information to be able to push VN-Index to go further. Investors should observe the reaction of the indicators at the resistance before a decision on further investment is made.