20170125_BSC Vietnam Daily Review_VN Bullish trend was the bright point

Highlights
The market actually went up significantly and the liquidity improved at the end of today’s session thanks to the psychology of trading positively. Almost blue-chips began surging from the end of the time for trading, for example: VCB (+1.85%), NVL (+4.7%), VNM (0.8%) and VIC (+1.2%), the stocks received the support from big quantity of transaction, in which SAB got the adjustment in the session, however it still maintained the increase in spite of low liquidity. The green was prominent at the end of the session in almost stock groups in the market and in large cap shares such as ROS, VNM, and Banking stocks. The dramatic rise in the quantity of trading appeared in real estate group, Construction, for instance: LGC, ASM, HAG, CTD. The value of commitment transaction focused on FPT (VND 193.78 billion), VNM (VND 134.158 billion). The liquidity showed positive signs in today’s session, with the value of executive orders increased by 13.16% from the previous one. VN-Index closed at 697.28 points, going up by 0.86% that was equivalent to 5.92 points. The index has gone to new resistance area at 700 points

 Conclusion
Point and liquidity improved strongly in the last session before Tet holiday thanks to the positive psychology, receiving the consensus from Large Cap stocks and some key sectors. Comebacks of blue-chips after a long time in which they leveled off, and the reversal trend stimulated the cash flow pumped into the market and the prospects for stable increase of the market. Bullish trend is expected in the year 2017. As mentioned in previous reports, the market needs to improve liquidity factor to maintain the stable and reliable momentum of rally. The market is facing a chance to go through new resistance areas above 700 points in the next sessions and the risk of adjustment was quite low around 690 points