201703230_BSC_Vietnam Daily Review_EN_ Bullish continued

Highlights
Continued the bullish trend, the market index also increased today. In the morning session, pharmaceutical stocks including DHG, DMC, TRA… rallied and maintained their price until the end of the afternoon session. The pair HAG and HNG also reversed in the morning session but decreased below the previous closing price in the afternoon session. Notably, in the morning session, the market had broken through the 725 level and closed at the price of 725.3 point at the end of the session. Onward the afternoon session, VN-index went down from the 725 level due to selling pressure of short-term profit gains from VCB, MSN, BVH and VJC when the market reached the 725 level. The supportive stocks group of VN-Index are VNM, SAB, BID and GAS, especially VNM contributing 1.21 point to VN-Index. On HNX,  PVI like VNM contributed 0.96 point to HNX-Index. The cash flow is distributed into real state stocks, steel stocks and pharmaceutical stocks- the center of market attention. Beside that, construction stocks also decreased sharply. Market liquidity is maintained at the same rate as yesterday, VND 3,323 dong. The fluctuation margin of today market is in a 5 points range. At the end of today session,  VN-Index increased by 3.39 points (+0.47%) up to 723,86 level; HNX-Index increased by 0.46 point(+0.5%) up to 91,12 level; and UPCOM-Index increased by 0.21 points (+0.36%), up to 57.5 level.

Recommendations
Market positivity continued today. Point increase in Vn-Index was higher than yesterday with 0.47% (compared to yesterday point increase of 0.17%) with the prevailing positive sentiment of investors. Fundamentally safe stock in steel, foods and beverage and pharmaceutical sectors attracted a significant amount of cash inflow today. Liquidity was slightly higher than yesterday (+0.59%), however there was a downward trend in the liquidity at the end of the afternoon trading session, signaling rising conservativeness among investors as the market had experienced a positive trading day. Tomorrow there will probably be some correction movement in the market as Vn-Index approaches 724. Investors can expand or restructure their portfolio during the correction period.