20161205_BSC_Vietnam Daily Review_EN_Dominated by red color

Highlight

VN-Index traded in the red throughout the trading session after 1 week of net selling by foreigners and in the context of world politics instability in countries like Italy. Large-cap stocks traded mixed, including, MSN, HPG, REE rose slightly while GAS, ROS, VCB, BVH sharply corrected, causing VN-Index not be able to get the green. Ending the session, VN-Index lost 4.93 points down to 660.21 (-0.74%), the HNX-Index dropped 0.7 points to 80.47 (-0.87%). The liquidity in the market increased to approximately 225 million shares traded corresponding to trading value of 3622 billion, of which put through accounted for 69 million shares, equivalent to 1230 billion. The notable put through belong to VSH with nearly 50 million shares changed hands, equivalent to 797 billion.

Recommendation

As was expected earlier, the VN-Index still can not escape the downward trend in the short-term. However, (1) VN-Index kept support 660 at the end of the session is a positive signal (2) Sabeco will trade officiallu in session on 06.12 is likely to inspire the market (3) foreign net selling momentum plummeted. Considering the above factors, the market is expected to trade better in the next session on both the score and liquidity. Investors are recommended to buy a small amount of share at around 660