20170612_BSC_Vietnam Daily Review_EN_Back to the old point region

Highlight
At the beginning of the session, the market increased significantly and fluctuated positively above the previous closing price until the end of this session. However, in the afternoon session, the market reversed and went down to the bottom level of 749 point, but thanks to bottom catching of some investors in the last minute of today session, the market was able to rebound and trade above the 750 level. The main supportive forces of VN-Index in today trading session were ROS (+1.15 point), VIC (+0.69 point), and SAB (+0.65 point). On the other hand, stocks such as VNM (-0.49 point), HPG (-0.23 point) and BVH (-0.14 point) limited the bullish momentum of the market. The market cash flow was invested into sectors that had not been in the market spotlight in the recent months such as Tire sectors including CSM and DRC. Most stocks in other sectors such as Pharmaceutical, Banking, and Securities all covered in a red color. In the Real-estate, Construction sector, a strong differentiation occurred when almost all stocks in this sector decreased excepting for notable stocks like FLC, CTD, SCR, PC1 and NVL. The market scale returned to a negative state with the bearish stocks dominated the market (114 bullish stocks /153 bearish stocks). Market liquidity was maintained ath the same rate as the previous session. At the end of today trading session, VN-Index increased by 1.37 point (+0.18%) and closed at the 751.09 point level; HNX-index decreased by 0.53 point (-0.53%) down to 57.21 point level.
 

Recommendation
VN-Index returned to the previous price region and fluctuated above the 750 point level during almost the entire session. However, this is only the “green cover red inside” situation when the market scale became negative and in the VN-30 Index, the bearish stocks were double the number of bullish stocks. It can be said the VN-Index returned to this price region is primary thanks to ROS when ETF VNM listed it in their investment portfolio, creating a strong belief sentiment in this stock. On a grand scale, all index points includingVN30-Index, HNX-Index, HNX30-Index, UPCOM-Index và VNX-Allshare decreased and they all had negative market scales. With narrowed market fluctuation margin, negative market scale on all market floors and similar market liquidity of the previous session, BSC analyzed that the possibility of VN-Index approaching other lower short-term support level could not be rule out in the upcoming sessions.