20161223_BSC_Vietnam Daily Review_EN_Hope at session ending

Highlight

Morning session traded pretty quietly with slow trading speed. The group of large-cap stocks including SAB, VNM, BHN, SHG, MSN, GAS dropped points, making VN-Index sink in the red throughout the morning session. Only till the end of the afternoon session, market enjoyed positive movements when the green was back due to the recovery of the blue-chips such as BVH, HPG, VCB, VIC, VNM. Ending the session, VN-Index increasedby 0.03% to 664.7, HNX-Index fell by 0.84% to 79.12. UPCoM-Index rose by 1.28% thanks to QNS, SGN, NCS strong gains. The liquidity in the market fell sharply with only 108 million shares changed hands on both exchanges, corresponding to 1967 billion trading value.

Recommendation

Steel stocks (HPG, HSG, VGS) and banks (CTG, VCB, SB) recommended by BSC from beginning of the weak moved better than the general market. Despite the decline in the morning session, VN-Index recovered impressively in the afternoon session and closed at the highest price of the day. VN-Index continues trading between MA15 and MA45 showed that recovery prospect is still possible. In the case that VN-Index lost 662 threshold equivalent to MA15, investors are recommended to reduce the proportion of the portfolio. In addition, investors may pay attention to good fundamental stocks such as steel, the stock has bottomed signs such as finance, banking, oil and gas.