20170328_BSC_Vietnam Daily Review_EN_ A corrected session after consecutive bullish days

Highlights
After a series of consecutive bullish day, the market had it first corrected session after breaking through the 720 points. In the morning session, rubber stocks group, after yesterday bearish, had rebounded and remained in the green color until the end of today session. In addition, gas and oil stocks also fluctuated around the previous closing price. The pair HAG and HNG had an opposite trend, while HAG decreased, HNG increased. In the afternoon session, BCs stocks were sold strongly including VNM, MSN, SAB, VIC , GAS and especially, the banking stocks ( VCB, BID, CTG, ACB and SHB). The two main supportive stocks are PVI and ROS when PVI announced its lifting of foreign ownership limit up to 100%, and also 20% dividend rates. Moreover, the cash flow was invested into good fundamental stocks such as CII, HSG, REE, CVT, DPG, DXG. Market liquidity decreased sharply, down to VND 3,172 billion. Market fluctuation margin was 6.34 points. At the end of the session, VN-Index decreased by 4.26 points (0.59%) downed to 719.26 level; HNX decreased by 0.84 point( 0.92%) down to 90.54 level and UPCOM-Index increased by 0.12 point(0.2%), up to 57.33 level.

Recommendations
There was a downward correction in the market today after Vn-Index broke through 720 and continued this positive trend. Market liquidity decreased sharply, total trading value fell 17.5% compared to yesterday. Investors tried to realize profit in banking stock group as well as stocks that had been major contributor to the increase in index such as VNM, GAS, MSN, and VIC. Fluctuation in the market is expected to continue till the end of the week to test the new support level of 720. Investors can restructure their portfolio during the dips of the market as well as seek potential profit investment profit in fundamentally safe shares.