20170512_BSC_Vietnam Daily Review_EN_Maintained at the 725 supportive level

Highlights
At the end of the trading session, the market index is maintained at the supportive level of 725 point, trading sentiment was positive, the market fluctuated within a small margin, the market stocks rebounded and the bullish stocks dominated on both floors. Although differentiation occurred in the stocks belonged to the same industry, however, in consideration of the market general trend, most sectors had rebounded positively during today trading session.  Real-estate, Construction, Plastic, Transportation, Ports sector attracted the market cash flow, Banking, Securities, Steel and Agriculture sectors continued having distribution. Largecap stocks was correcting slightly in term of index points, while the Smallcap and Midcap stocks were having the rebound trend. The supportive group decreased slightly, in which, negative effects of GAS, VCB, HPG, MBB, at the end of the session, held down the market momentum to below the 725 level. Market liquidity decreased slightly in comparison to the previous trading session, with a trading value of VND 3.996 billion and a negotiated trading value at VND 669 billion.  At the end of the session, VN-Index closed at 725.37 level, corresponding to an increase of 5.37 points in comparison to last week. HNX-Index maintained the 90 level, closed at the 90.39 point.


Recommendation
The market closed the week with positive sentiments, surging from the accumulative level of 720 point established during last week trading sessions, the trading cash flow increased strongly in last week making many stocks breakthrough the old accumulative base in the beginning of the week. It also became the first step of correction in the end week trading session.  Moreover, short-term cash flow rotated equally into stocks in sectors that were stable and untapped during this week. Market index is approaching the historic resistance level of 730 point and no signs of smart cash flow escaping the market, market indicators are maintained at the supportive level, along with the upside momentum maintained for the entire week of a major number of market stocks. The growth potential and positive trading sentiment can be maintained until the beginning trading sessions of next, the market is fluctuating in a safe margin when there are no sign of decreasing market liquidity.