20170214_BSC_Vietnam Daily Review_VN_ Correcting Movement in today session

Highlights
Market continued trading positively in the morning session; GAS and VIC stocks maintained its rising momentum in the first half of morning session; after that, the momentum got weaker and eventually, held the market index down to the closing price level. Some large cap stocks such as VNM, VCB, BVH adjusting in the afternoon sessions, had decreased the market index point, down below the previous closing point. The lowest point of VN-index during today session is 703 point. Slight adjusting movement occurred to all market groups in the first half of the afternoon session. The four supportive stocks group - SAB, FPT, CTG, ROS increased suddenly along with high growing trading weight, and that in turn, help the market go up, back to the previous closing point, and selling pressures decrease for all market stocks. At the end of today trading session, increasing stocks accounts for a high percentage of the market and many stocks went back to its previous closing price. The quickly-adjusting movement in today session helped to increase the liquidity, when the execution value increased and reached VND 2.972 billion; market index that went up above the previous closing point, reached 706.26 point, increased by 0.36 point.

Market Outlook
Today, the market had an adjusting session after a positive movement from last week and the second session of this week, under the investor’s pressure of acquiring profits in short term. However, the market has a recovery signal at the end of the session, with large trading volume. Market liquidity is at better rate than that of previous session, distributing to new mid and small cap stock, especially the trading volume of VNM and MWG. In the situation in which the market liquidity is improve and the cash flow has positive signal at the last session, we expect the VN-index to continue approaching the short resistive level of 710 point in the upcoming session. Investors need to consider the cash flow trend into the industries to buy in if there is adjustment and hold the purchased stock at this time.