201700213_BSC_Vietnam Daily Review_EN_ Oil and gasoline stocks continue their upsides

Highlight
Most industries listed in the market followed the positive up trend today - the first trading session of this week, despites the impacts of price adjustments from the Banking sector’s stock as well as the decline of SAB at the beginning of the session. However, SAB’s price quickly recovered and supported the overall Index with the help of other Large-caps such as MWG, BVH, and NVL, which continue to move the index out of its cumulative areas established over the previous week. Real estate stocks recovered during the session with strong trading volumes. FLC reached its maximum gain with 21 million of shares traded. There were also gains from small-caps such as HAG, HAR, and DLG. Oil and gasoline stocks continued its strong upside today, with major stocks such as PVD, PVC, PVS, PXS, and PVT increased more than 4% during today session. The Steel, Rubber, Securities, Transportation – Port – Storage, and Technology were sectors that attracted capital flow today. The index closed the first trading session of this week with a gain of 2.12 points and reached 705.90 points. Market liquidity remained positive with 2,622 billion of trading value.

Market commentaries
Market capital flow remained positive during this session, expanding to all sectors in the market and stocks in different capitalization, with gainers are the majority. The gains of most large-caps had positive impacts on the overall index. During today session, the VN-Index emerged from 700 points old resistant level to a short-term resistance of 710 points. Most of the stocks, which currently support the index growth, are also facing their own short-term resistant level. However, liquidity showed a trend of declining as capital flows are focusing on smaller caps stocks. The pressure of investors’ profit realization could occur in short-term when the index approaches the resistant level of 710 points in the following trading sessions. Therefore, investors should use these price adjustment session to rebalance their portfolios and track the general capital flows trending towards the market sectors.