201700202_BSC_Vietnam Daily Review_EN_ Took the new resistance at 700 points

Highlight
The market has been dealing with the excitement in the opening minutes of the first session of the new year, the VN-Index quickly conquer resistance at 700 points after trading ATO, with dominant gainers, on the other hand the large-cap stocks attracted market demand GAS, VIC, VNM, MWG, in which the rubber stocks rebound and supported by large transaction volumes. However, even then the stocks of beer as SAB, BHN and banking stocks including BID, CTG, STB have declined, dragging the market tumbled quite close to the reference level. The demand of the VNM of the end of the morning session and maintained until the end of the afternoon dragged market index recovered stronger, together with large trading volume of 1.7 million shares. In late trading, banking stocks could also rebound and is supported by transaction volume. The VN-Index closed up 5.9 points, reaching 703.18 points respectively; trading value reached 1.750 billion during the session, rising 3.4% respectively from the previous session.

Market commentaries
The first session of the new year reflects the expectations of the market participants. The VN-Index continued to increase and conquer new resistance at 700 points, with a significant contribution to the score of VNM, and the consensus of large-cap stocks as well as most shares on the market. Market liquidity increased slightly from the previous session, focused on the basic stocks or large stocks, the score of the market continues to conquer new resistance 710 points. The underlying stocks are in the process of recovering from the bottom continues to attract the interest of the money market. Investors considering entering the market for these stocks was assessed positively in terms of basic and really promising this year, limiting the chase; and stocks with market factors, investors should be wary of risk common market reversal.