201700208_BSC_Vietnam Daily Review_EN_ Creating an accumulation of market index

Highlight
5th consecutive session of the market index formed above the support 700 points after losing momentum to conquer the resistance in the short-term at 710 points last week. Today, there are times, the VN-Index fell deeper approaching the resistance at 700 points, mainly due to the correction of individual stock BHN with liquidity negligible. But in the afternoon session, the index market quickly recovered by the group of large-cap stocks rebounded, mainly bank stocks team recovered and strong momentum from the VCB, together with liquidity surge nearly 1.8 million shares traded. Most market sectors receive benefits from the movement of the cash flow of the market, the Steel industry, Fertilizers, Rubber, Real Estate, Construction are  attracting market liquidity, Petroleum stocks still not recovered today. Closing the session, the market to maintain the support of 700 points, slightly up 0.13 point from the previous session, closing at 702.04 points, liquidity remained actively reached 2663.36 billion trading value.

Market commentaries
The market is maintaining healthy liquidity in recent sessions as alternate cash flow to the market sector and the other cap stocks that not only focuses on a few large-cap stocks that role to support the market. Market index was not governed from a few large stocks which play the leading role, the positive contributed from the consensus of the large cap stocks as well as most of the market. In the next session, if liquidity improves and market index is not affected by fluctuations of the prices of some stocks leading role, the cumulative state of the market may still occur, market index movement will remain in a narrow range, creating momentum to conquer the resistance at 710 points in the short-term.