20170215_BSC_Vietnam Daily Review_VN_ VN-Index broke out of resistance level at 710 points

Highlights
The market witnessed positive transactions in today’s session. At the end of morning session. VN-Index reached 709.42 thanks to the dramatic increase of VIC and strong recovery of Banking stocks. For the afternoon one, the index overcame resistance level at 710, even getting the highest point at 711.73. Then, VN Index took a correction and closed at 711.57, going up by 5.31 points from reference price. With the help coming from blue-chips, number of bullish shares still took advanced though SAB got a strong drop. Trading volume got more than 151 million units, being worth more than VND 2,851 billion and the consensus trading one reached VND 429.99 billion.

Market commentaries
Today stock market continues its positive movement, officially reached its resistant level of 710 points, backed by strong market liquidity and market influential stocks, as well as the comebacks of the Banking sector. There was an increase in liquidity, with balanced capital flows to all market sectors. The index is in its secure movement to beat another short-term resistance at 715 points. Investors should rebalance their portfolios and track the general capital flows trending towards certain market sectors.