20170303_BSC_Vietnam Daily Review_VN_VN Index bounced back

Highlights
VN Index got a recovery, compared to two previous sessions. The index closed at 712.62 after fluctuating in a wide breadth of 6.79. HOSE observed a strong gain coming from BCs, such as: VCB, VIC, GAS, CTG, while HNX bounced back after the effort of ACB at the end of the session. Banking, Insurance and Securities sector were the main contributors to the recovery of the indexes, for example: VCB, CTG, ACB, BID, STB whereas STB reached its ceiling price. The cash flow maintained selecting Real Estate shares such as: ROS, NVL, VIC, HBC and DXG. It is noticed that ROS, HBC and DXG could be included in the index of FTSE Viet Nam ETF in the next time. Investor’s bottom fishing on fundamental stocks starting from the end of morning session made the liquidity slightly go up, reaching VND 2.961 billion per session.

Market commentaries
After continuous correction sessions since the beginning of the week, market index has rallied at the end of the week. Market liquidity increase slightly; cash flow are distributed into blue-chips stock of HOSE. These stocks, after a week of continuous correction, had attractive prices that captivated the investors. However, market fluctuation margin are maintained at high level, which increase the risky rate of the market. BSC expects the stock to fluctuate within a margin of 710 point to 715 point on next Monday. We advise the investor to restructure their portfolios and increase their portfolio proportion of good fundamental stocks, along with avoid investing in small-cap stocks especially during this wide fluctuation margin period.