20170411_BSC_Vietnam Daily Review_EN_ Positive trading above the 730 level

Highlights
Continuing the bullish trend, VN-Index broke through the 730 level today. In the morning session, the market increased by 1.23 point, up to 731.1 level. While GAS, ROS and VNM supported the bullish trend of the market, BHN, BID and CTG restrained this trend. In the morning session, cash flow was positively invested into gas and oil industry and construction industry, while other industries remained in the corrected session. In the afternoon session, the market went up slightly thanks to VNM, CTG and VCB. On the other hand, SAB, BHN and MSN are the main factors that decreased the index points. The cash flow rotated among industries such as steel, construction –real state, securities and returned back to banking stocks and some BCs. Market liquidity decreased in comparison to yesterday session, down to VND 3,092 billion. Market fluctuation margin shrunk down to only 2.37 points. At the end of the session, VN-Index increased by 1.46 point (0.2%) up to 731.33 level; HNX-Index increased by 0.2 point (0.22%) up to 90.63 point and UPCOM-Index increased by 0.39 point (0.69%) up to 57.46 points.

Recommendation
Yesterday upward trend was continued in today market when VN-Index increased 1.46 point above reference price and closed at 731.33 point. Market scale was in a balance state where 131 bullish stock and 130 bearish stock. Real estate, construction and construction material companies stock still attracted market cash flow. There were opposite price movements in banking stock group. Securities companies’ stock price were under downward pressure from investors’ profit realization after yesterday positive trading session. Liquidity on HNX today was significantly improved compared to yesterday thanks to the vibrant trading activities of SHB. Overall market liquidity was lower than yesterday. BSC forecasts positive trading pattern will continue to tomorrow session, lower liquidity will continue as higher conservativeness built up among investors. Downward pressure may appear at the end of the trading day due to investors’ profit realization. Investors can realize profit of the stock that has experienced sharp increase in price and wait for market correction signal to restructure portfolio as well as increase the weight if fundamentally safe stock.