20170412_BSC_Vietnam Daily Review_EN_ Wide market fluctuation under correction

Highlights
Great conservativeness was shown in today market when Vn-Index fluctuated around reference price at the beginning of the trading session.  In the morning session, real estate and construction stock group witnessed an upward trend such as CTI, VGC, NVL, ROS, NLG. Oil and Gas stock group also increased in price thanks to higher world oil price. Experiencing an opposite direction was rubber company stock (DPR, PHR, TRC) due to unfavorable movement in world rubber price. Almost all banking group stock decreased in price except for SHB and STB. Insurance companies and securities companies’ stock price also experienced a downward trend under the pressure of investors realizing profit.  VNM, VJC positive trend were not sufficient to prevent further fall of the market generated by the decrease in price of many large cap stock such as VCS, ACB, SAB, VIC…Today liquidity rose sharply compared to yesterday as higher volume of investors profit realization, pulling VN-Index 5.75 point below reference price to close at 725.58 point.

Recommendations
After continuous bullish sessions since last week, the market finally corrected in today session. The market scale was negative with the bearish stocks dominated the market (94 bullish stocks/164 bearish stocks). Market liquidity increased strongly due to selling pressures originated from investors’ short-term profit acquisition. The cash flow was distributed mainly into Gas and Oil industry thanks to the rally of oil price. On the other hand, rubber stocks price decreased strongly due to negative effects of world rubber price. During tomorrow session, BSC forecasted that the market would fluctuate within a safe margin of 725-730 point. We recommend investors to restructure their portfolio and increase the proportion of good fundamental stocks in tomorrow session.