20170222_BSC_Vietnam Daily Review_EN_ Fluctuation in a narrow range

Highlights
The market today had a minor gain and fluctuated in a narrow range from 716-718 points. The market maintained around 718 points during the morning session, then had a downward adjustment in the afternoon session around the reference level. Today market leaders were GAS, the oil sector (PVD, PVT), the real estate sector, and the beer stocks (SAB, BHN). Additionally, there was a notable recovery of healthcare-pharmaceutical stocks (DHG, DCL, DMC) and the security-investment sector (SSI, HCM, SHS, VND). However, the market had an adjustment due to the disapproval of the BCs and the reduction of the steel sectors (HPG, HSG, NKG), the agriculture sector, and the banking sector. Market liquidity improved (increased by billion 268 VND) and was still at a high level. Capital flows not only continued to focus on ROS, HPG, FLC, but also significantly increased at CII, GAS, HBC, HSG, HAG, and SSI. VN-Index closed at 717.24 points, slightly increased by 0.69 points, which is equivalent to 0.10%.

Market commentaries
The market today could only follow the previous positive trading session in the morning, before experienced market segmentation and adjustment in the afternoon. Market liquidity continued to be high and has increased from yesterday. Despite the positive flow of capital, there was strong segmentation between industries, creating intense trading, especially at the large-caps. It is expected that the market will continue its adjustment in tomorrow session after a few positive movement recently. Investors should hold on to their selected portfolio and limit adding more stocks in.