20170511_BSC_Vietnam Daily Review_EN_Selling pressure in short term

Highlights
The market continuously fluctuated during today trading session which made the market index reached the 730 level. Market liquidity improved and increased rapidly in the afternoon session and thus, made the index went back to the open price.  Largecap stocks did not contribute significantly to the bullish momentum of the index, except for the sudden increased of PLX price in the session, contributing 0.7 index point to the market. On the other hand, the corrected movement of the Banking stocks, SAB, and almost all market stocks was in a down trend period. The market was in the “green outside, red inside” condition when the bearish stocks dominating the market. Market sectors such as Banking, Rubber, Pharmaceutical, Plastic Steel is differentiated, in contradiction to these sectors,  Aviation, Fertilizer, Securities, Marine attracted the market cash flow. At the end of the session, VN-Index was above the previous closing price; it increased by 0.68 point, and closed at 724.99 level, market liquidity increased to VND 4743.15 billion trading value, 588.85 negotiated trading value.

Recommendation
The profit acquisition pressure of certain stocks that attracted the market  in short-term at the previous session, strongly occurred during today trading session, which made major number of stocks in the correction state although the market index was green. VN-30 also experienced a small differentiation although its index point increased slightly, supportive level of 690 is maintained stably, however, the bullish stocks and bearish stocks are in an almost equilibrium state. Market cash flow divested form market stocks and concentrated on Largecap stocks and VN-30 stocks. VN-Index maintained its short term bullish movement and supported by VN-30 stocks, market cash flow rotated equally between different market sectors, however, profit acquisitions of  market stocks may occur stronger in the end-week session.