201700206_BSC_Vietnam Daily Review_EN_ Keep the support level of 700 points

Highlight
Today's correction is ongoing since the end of last week after the market index show signs of losing motivation to conquer resistance at 710 points. Today, the market index has lost the support of 700 points and to test the lower support level close to 695 points, still due to the correction of bank stocks, large cap, beer stocks SAB, BHN and selling pressure of VNM after two sessions increased last week.  VIC is a positive and supportive role to the market during the session. By early afternoon trading, oil stocks unexpectedly attracted market cash flow and trading volumes increased, PVS and PXS also close to level the ceiling, PVC, PVD raised sharply. The positive and come from stock GAS, stocks of Steel, Rubber, Fertilizer, Sugar, promptly pulled the market index return to the support level of 700 points at the end of the session. Closing session, the VN-Index slightly decreased 0.31 points, gaining 700.04 points, while trading value reached 2219.63 billion is almost equivalent to liquidity last week.

Market commentaries
The money is rotating signs for big stocks and shifting to stocks of small and medium capitalization, moving from the Bank sector into Oil and Gas groups and groups around the field of Agriculture industry. On the other hand, the cash flow return to the low value stocks, small cap supported by the volume of transactions in the session. Although overall scores are slight correction and volatility fluctuations in session today, due to the banking group and VNM, but positive market liquidity, not just revolve around a number of large caps such as the previous sessions that have spread to many stocks in the market, the market’s cash flow becomes more healthy. Support level of 700 points is maintained, the market is checked one session in this region. The stock is rated on a fundamental and positive impact from the information that are attracting more cash flow to market participants. If liquidity is maintained, the market index has a chance to accumulate to around 700 points, creating momentum to conquer resistance at 710 in the next sessions.