20170223_BSC_Vietnam Daily Review_EN_Continue the corrections

Highlights
In accordance to BSC last report, today market continued to have a correction session within a small range. After almost reaching 719 point in the morning session, the market immediately adjusted downward near the previous closing price because of BCs disunited movement under short-term profit realization. The market went down to 712 points, before rebounding back to the previous closing price. The main supportive forces were GAS, SAB, the construction and real estate sector (ROS, FLC, CII, HBC).  However, VIC, the banking sector (VCB, CTG, EIB), insurance sector, oil sector, and mining sector made the index decreased. Market liquidity continued to be maintained at high rate, and it slightly decreased by VND 171 billion compared to the previous session. The cash flow were directed to construction and real estate stocks such as ROS, FLC, HBC, NVL, CII, and HPG of the steel industry. Investors should pay attention to the negotiated trading deals of VNM and PGI. At the end of the session, VN-Index decreased by 0.37 point, down to 716.87 point, a decrease of 0.05%.

Market commentaries
The market continued its corrections today within narrow range, but with high level of liquidity. The VN-Index could not follow ít uptrend to break the 720 resistant level, and immediately did an adjustment during the session under short-term profit realization of investors. With intense trading and without no breaking trend, we continue to expect the market to continue to be corrected within a narrow range tomorrow. Investors should hold on to their selected portfolio and limit adding more stocks to the portfolio.