20170517_BSC_Vietnam Daily Review_EN_A positive trading session

 Highlights
In the morning session, VN-Index increased in the beginning of the session and then corrected down below the supportive level, however, the bottom purchasing of some investors had made the market rebound and stopped at the 725.25 level at the end of the morning session. In the afternoon session, the market sentiment became excited thanks to VN30 stocks and especially VNM, contributing 1.5 index points to VN-Index. On the other hand, the main stock that restrained the upside momentum of the market was SAB (-0.54 point). Moreover, the cash flow positively spread into the Banking – Finance sector (BVH, VCB, STB, ACB) and Securities sector (SSI, HCM, SHS,…) Real estate – Construction sector continued being the main supportive factor of the market with the following stocks CII, CTD, DIG, HBC. Rubber sector also increased significantly thanks to the rebounded of the world rubber price. Penny stock continued attracting the cash flow including SGT, NVT, DTA, SIC. The market scale during returned to a balance state ( 137 bullish stock/ 128 bearish stock). Market liquidity decreased significantly in comparison to the previous session and returned to the same trading level as that of last week. At the end of the trading session, VN-Index increased by 2.17 points (+0.30) up to the 727.2 level; HNX-Index increased by 0.63 points (+0.69%) up to the 91.91 level.


Recommendation
The market has a positive trading session thanks to strong foreign purchase of VNM. Although the market increased today, the market scale returned to a near equilibrium state which illustrated that the market index is at a tipping point and may continue fluctuate in a marginal range 725 -728 point for the tomorrow session. BSC recommend investors to maintain the portfolio proportion, restrain using margin and wait for a clearer signal in the market.