20170425_BSC_Vietnam Daily Review_EN_The liquidity has not been improved yet

Highlights
Tuesday’s trading session witnessed the considerable correction of VN Index. Maintaining the recent trend, the index went down from the start of the morning and kept around the reference at the end of that. However, negative psychology of investors made VN Index take a strong drop within the afternoon and decrease amplitude was only narrowed at the ATC. The liquidity has not been improved yet with VND 2.754 billion in trading value. Besides, market breadth was in the bad condition with that number of bearish stocks got dominant. Today, VN 30 experienced the recovery in which the major power coming from STB, VIC and CTG, but this thing couldn’t help the index bounce back due to the correction of some BCs (VNM, GAS, SAB). Moreover, PLX decreased by 6.7%, negatively impacting on VN Index. About sectors, Beverage and Aviation extended the drop whereas Construction – Real Estate (CTD, HBC, DXG) showed good performance. VN Index closed at 707.58 (-0.26%) whereas HNX Index also went down to 87.86, (-0.63%).

Recommendation
Market indexes were on the bearish trend in the context of supporting information coming from quarter I performance figure has not been obvious yet. The April 30th holiday is coming and the risk has come from military activities at Korea, making investor liquidate the portfolio or make profit. Next sessions could get a stronger drop with the script of that VN Index might test the sustainability of the 705 tomorrow. One or two recovery trading sessions could appear in this week, being the chances for investors to sell stocks, enhancing the money proportion. The market has been currently faced a big correction after getting a rally in a long time.