201700207_BSC_Vietnam Daily Review_EN_ Accumulation above the support level of 700

Highlight
While some large-cap stocks remained bearish as BID, CTG, BHN, the remaining blue chips today was very positive when rotating to maintain the increase for scores of the market. In the morning, the market was supported by shares of SAB, then VCB, VNM, recovering and pulling the market index above the support level of 700 points during the session. Market index is stable and fluctuated in a narrow range in the afternoon session, while liquidity is strong today, is rated the biggest in recent two months. Shares of Steel industry, Real Estate, Construction is attracting cash flow of the market today, most market sectors increased slightly, Oil and Gas stocks corrected slightly today. Last session, the VN-Index reached 701.91 points, add 1 session on support level accumulated 700 points, respectively, up 0.27%, market liquidity increased 27% of the value matched compared to the previous session.

Market commentaries
Session was a slight increase in the scores thanks to the support of a large number of stocks, on the other hand the market liquidity is the spread to more stock market by market capitalization and market sectors. This is also considered as trading highly liquid rare in nearly 2 months ago. Market liquidity improved and the overall market scores are an opportunity to gain support on the basis of 700 points, as well as our comments in the previous session, if the money market continued to rise, and the liquidity of the market remain healthy as in the recent session, the VN-index had the opportunity to conquer the resistance at 710 points at the next day, when the blue chips have the leading role also is facing the resistance level in the short-term.