20170419_BSC_Vietnam Daily Review_EN_Maintaining the increase

Highlights
Being similar to the fluctuation yesterday, VN Index reflected the cautious psychology in the morning when it mainly moved around the reference. However, market demand began being improved from the end of the morning and surged in the afternoon, making the index close in the green light. Market liquidity reaced  VND 2.807 billion in trading value. Besides, market breadth became bright with 139 bullish shares, compared to 113 bearish stocks. VNM continued being the major contributor of the market, which contributed the 0.55 increase to VN Index whereas SAB maintaining its correction, contributing the 0.83 decrease to the index. Some sectors such as Fertilizers (DCM, DPM, LAS, BFC), Steel (HPG, HSG), Real Estate (DXG, NVL), Sugar (BHS, SLS, LSS) performed well. However, banking group experienced a strong divergence in which STB, VCB went up, but BID, MBB fell down. VN Index closed at 716.77 (+1.84 point) whereas HNX Index saw a drop, to 89.11.

Recommendation
VN Index today closed above the 715 support with the highlight of that stocks getting quarter I performance such as VNM, PNJ or receiving supporting information like Fertilizers, relating to tax law. Above information being published steadily in the next time could help the market not take a strong correction. Investors should limit purchasing in the current time due to the pressure to correct after a long time of VN Index’s rally. The obvious clue was the cautious transactions on the Wednesday’s morning. Disbursement should be considered if the index succeeds in testing the 715 support and positively fluctuating. Besides, investors should avoid taking a long position on the stocks experiencing the mutation today.