20170316_BSC_Vietnam Daily Review_EN_A posstive sentiment

Highlights
Today market continued to rally after yesterday slight correction. Investors’ profit realization in NVL, VJC and ROS created a downward pressure on these share after a long time increasing in price. Banks and securities companies stock had experienced a positive trading day such as ACB, VCB, CTG, SSI, HCM; similar upward pattern could be observed in materials and constructions stock group such as VCS, HUT, VCG, BCC, HT1. Real estate company stock still attracted cash flow, especially in FLC, DXG, VIC and HBC. Foods and beverage companies such as VNM, SAB were the main contributors to Vn-Index increase in point. Chemical and pharmaceutical group also showed positive signal. HAG and HNG continued to rise significantly and closed at ceiling price. Market liquidity improved gradually during the day, investors trading activities were more vibrant at the end of the trading session, especially on HNX. Vn-Index fluctuation was among a 4.37-point band and closed near resistance level of 715 with improved liquidity.

Market commentaries
In today session, the market was traded under a positive sentiment. The expectation of FED raising interest rate has become reality; nevertheless, this event did not strongly affect the market because it is aligned with the anticipation of investors. Market liquidity increase strongly and the fluctuation margin was at a high rate of 5 points. The cash flow from ROS and VJC was distributed into other industries, especially the Construction – Real estate industry. BSC expect a slight correction of tomorrow trading session due to the fact Friday (03/17) is the date that the two funds must complete their portfolio restructure. We advise investor to invest into good fundamental stock tomorrow to maximize their profitability by acquiring these stocks at the most advantageous price.