20170413_BSC_Vietnam Daily Review_EN_VN-Index went below the 725 level

Highlights
In today trading session, the market corrected slightly. In the morning session, VN-Index increased by only 1 point thanks to VIC, CTG and GAS. Onward to the afternoon session, the market continue fluctuated positively in the beginning of session but eventually went below the market previous closing price. The supportive stocks for today session were SAB (0.48 point), VIC (0.34 point). On the other hand, the stocks that mainly contributed to the downtrend of the market were VNM (0.48 point), GAS (0.49 point) and STB (0.53 point). Notably, STB was traded at the floor price (11,900 VND/share) with 5 million stocks. Aside form that, two stocks FLC and ITA is trading positively with a high stock liquidity of 20 million shares. The cash flow was distributed strongly into large-cap stocks. Market liquidity decreased in comparisons to that of yesterday, down to VND 3,449 billion. Market fluctuation margin increased slightly, up to 3.46 points. At the end of the session, VN-Index decreased by 1.23 point (0.17%) down to 731.33 level; HNX-Index increased by 0.12 point (0.13%) up to 90.03 point and UPCOM-Index increased by 0.26 point (0.45%) up to 57.63 point.

Recommendations
After strong correction in yesterday market, recovery signal was witnessed in today morning and early afternoon trading session. However due to the downward pressure of Gas and oil stock group, rubber and securities companies stock group, VN-Index turned around and decreased to close below reference price. Market scale was at a more balance state compared to yesterday with 126 stock increase in price and 139 stock decrease in price. There was opposite direction in the price movement of large cap stock group. Vn-Index fluctuated between a 3.8-point range with lower liquidity compared to yesterday. Continued correction trend may be witnessed in tomorrow trading session, investors can take advantage of this downward swing to purchase fundamentally safe stock.