20170410_BSC_Vietnam Daily Review_EN_ VN-Index approached resistance level 730

Highlights
Positive trading activities were experienced in today market. In the morning session, there were different movements among large-cap stock group as SAB, VIC, CTG, GAS…increased in price, VNM, VCB, ROS, MSN witnessed an opposite pattern. It was a positive trading day for real estate stock group as an upward trend was experienced in many stock such as DXG, LDG, CTD, FLC…VN-Index broke through 730 at the beginning of the afternoon session thanks to the upward trend of SAB and securities companies shares such as SSI, VND, SHS, HCM, TVC. Rubber companies’ shares also witnessed an increase in price as rubber price rose in the commodity market. SHB and SHS contributed a significant part in the index upward trend as SHB closed at ceiling price and SHS was traded at ceiling price during the day and closed above reference price. However due to the decrease in price of other banking group stock, VN-Index was dragged down below 730 and closed at 729.87 point. Today market liquidity was lower than last Friday session as investors’ conservativeness was built up when VN-Index approached its resistance level 730. 

Recommendations
Continue the bullish trend of the previous week, VN-index increased strongly and reached the resistance level of 730 points. Market scale is in a balance state of 133 bullish stocks and 127 bearish stocks. The market cash flow is distributed into construction –real estate industry, securities industry and material industries such as gas and oil, rubber and steel. After conquering the 715 level in last week and immediately reaching the 730 level, BSC forecast that the upward trend in the market will be maintained tomorrow. We recommend investors to limit their marginal call, sell stocks that increased highly in the last two session, and restructure their portfolio by acquiring good fundamental stocks when the market corrects.