20170221_BSC_Vietnam Daily Review_EN_ Bullish Trading Session Highlights

Highlights
Today, the market had a bullish session with high level of market liquidity, continued from the rebound momentum of the last session.  This phenomenon illustrated investors’ positive sentiment after a few correcting sessions. The market created a peak at the level of 716 point in the morning session and another peak at 718 point (higher than the 717-point peak last week). The market leader was VIC, along with the movements of most BCs stocks. The market continued the bullish momentum of some stocks belonged to the following sectors: real estate - construction (ROS, FLC, NVL, NBB), agriculture, (HAG, HNG) and the rebound of MSN, NVM, GAS, VCB, BID, the technology sector (FPT, MWG), the rubber sector (PHR, CSM, DRC), and the steel sector (HPG, HSG, NKG). At the same time, corrected movements occurred at some banking stocks such as CTG, STB, insurance stocks and oil stocks.  Market liquidity maintained at a high with transaction values of VND 3.34 billion, a slight decreased of 210 billion from previous day session, which flowed to the following stocks: ROS, HPG, and FLC. The cash flow continued to be distributed into small and mid-caps. Investors should also notice a large negotiated trading deal of VNM stocks occurred today. At the end of the session, VN-index raised to 5.96 point, an increased by 0.84%.

Market commentaries
Today market recorded a good uptrend, which broke last week’s peak. It is notable that the market was not under outweighing profit realization pressure, which could cause market differentiation, similar to what had happened in Feb 16 (a peak of 717 points). Therefore, the VN-Index could maintain over 715 points during the trading session. There is a minor dip in market liquidity as compared to yesterday, but it is still at a high level from market average since the beginning of the year. With high liquidity and no clear sign of profit realization, we expect the market tomorrow to continue its uptrend towards the 720 resistant level. Investors should hold on to their portfolio that was adjusted under the past market adjustment session, as well as pay close attention to stocks that have not yet increased in price in accordance with the general market movements to discover potential investment opportunities.