20170510_BSC_Vietnam Daily Review_EN_Banking ascended

Highlights
The market cash flow is spreading into the Largecaps stocks, in which the supportive Banking stocks are creating positive foundation for positive market sentiment during today trading session. The market index rose above the 725 during the session, however the selling pressure for the supportive stocks made VN-index slowed down its bullish momentum at the end of the trading session. Market liquidity was maintained at a stable level, the trading value was VND 4,092 billion, negotiated trading value was VND 435.8 billion, market cash flow also remained at Smallcap and Midcap stocks  of Real estate sector, Rubber sector, Steel sector, Aviation Sector; divesting trends in Securities sectors, differentiation in Fertilizer and Plastic sectors. Market scale is maintained positively with bullish stocks dominating the market; Penny stocks cooled down and might be replaced by  Largecap fundamental stocks that had growth potential. At the end of the session, VN-Index increased by 2.22 point, establishing a rebound trend in short-term, closed at the 724.31 level. HNX and UPCOM-Index were corrected during the last moment of today session, HNX-Index decreased by 0.21 point reached the 90.16 level, which was maintained by short-term supportive level.


Recommendation
The rebound trend of VN-Index during short-term was established during today trading session, when the lead of Largecaps stocks and Banking sector made it possible for the market to rebound. The differentiation occurred in many sectors; a part of the market cash flow divested from the market and went into good fundamental that had growth potential. VN-30 also created a good foundation when it passed the short term resistance level of 690 point. The bullish momentum of the market along with the rotational cash flow in different sectors and different capitalization categories is likely to continue, if the VN-30 stocks maintain the supportive level above the 690 level in the upcoming period.