20170317_BSC_Vietnam Daily Review_EN_Intense trading session_ Company Update _WSB_ Saigon Beer Western Jsc

Highlights

Today trading volume increased significantly since today was the last day FTSE ETF and VanEck Vector ETF adjusted their portfolios. Liquidity was improved during the day and rose sharply at the end of the trading session. In the morning, real estate and construction companies stock group attracted cash flow from investors and pushed VN-Index above resistance level 715, especially in ROS, PC1, VIC, NLG and DXG. Thanks to news about capital withdrawal of Vinataba, confectionary companies HHC and HNF were traded at ceiling price and maintained this level until the trading session closed. Upward trend was continuously experienced in HAG and HNG. Banking and securities companies stock enjoyed a successful trading day as well. VN-Index turned around and decrease sharply in the afternoon session due to ROS and NVL, two stock that were added to two ETFs was trading at floor price and closed at that level, in addition to the fall of price of SAB. HBC witnessed an opposite pattern when there was time this stock was traded at ceiling price. Almost all large cap stock on two exchanges experienced a downward trend, except for banking and financial service stock group such as ACB, CTG, BID, BVH, PVI which had an upward pattern. However this positive pattern could not slow down the fall in point of the index. VN-Index under the pressure of ROS, NVL and SAB, closed at below reference price (710.54 point), liquidity was 26.4% higher than yesterday.

Recommendation
The last day of fund ETF portfolio rebalancing saw a boost in trading activities. VN-Index broke the 715 resistance toward 717.1 points during the session. Market liquidity improved from yesterday with significant trading volume at the end of the day, drove the market to move in a wider range of 6.56 points. The index plummeted at the end, as ROS and NVL closed at its floor, while SAB had strong decline in value, removing respectively 1.81, 1.05, and 1.16 points from the index. The beginning session of next week might expect a correction, as the index could dip further from today heated trading. Investors should remain conservative during the beginning of next week, avoiding making major changes in their portfolio.

Company Update
WSB-Saigon Beer Western Jsc(UPCOM)