20170329_BSC_Vietnam Daily Review_EN_Index fluctuated around level 720

Highlights
After the index experienced a slight dip below reference price at the beginning of the trading session due to a high level of conservativeness among investors, thanks to the positive trend of Bluechips stock group such as GAS, HPG, VNM and REE, Vn-Index started to increase positively. Pharmaceutical and real estate stock group also had a positive trading session in the morning. However, at the beginning of the afternoon, there was two opposite trend in the Bluechips stock group. Banking and securities companies stocks did not perform well in the afternoon and contributed to the downward pattern of the index (ROS, VCG, NVL). Thanks to the significant increase in foods and beverage stock group such as VNM, SAB, KDC, MSN, Vn-Index turned around and closed above reference price at 720.47 point (+0.17%). There was an improvement in today market liquidity when total transaction value of 3.3 trillion VND (an increase of 4.11% compared to yesterday).

Recommendations
Today, the market was trading under a positive sentiment. VN-Index rebounded back to the 720 level which improves the probability that this level became the new supportive level of the market. Market liquidity increased and the fluctuation margin decreased to only 3.55 point. The market cash flow is divested from banking stocks and flown into good fundamental stocks belonging to other industry. BSC expect the market to continue fluctuating with a safe margin of 720-725 points. We recommend investors to increase their portfolio proportion of good fundamental stocks in accordance to the market movements so that they can acquire these stocks at the most profitable price.