20170620_BSC_Vietnam Daily Review_EN_A positive trading session

Highlights
In today morning session, the market, at first started increasing until the middle of the session, but later reversed and traded under the previous closing point level until the session end. In the afternoon session, VN-Index immediately increased and maintained its bullish momentum for most of today afternoon session. The main stocks contributing to the market bullish momentum were Banking stocks such as BID (+0.64 point), MBB (0.38 point), EIB (+0.35 point), CTG (+0.25 point), STB (+0.25 point), ACB (+0.25 point), SHB (+0.14 point), NVB (+0.04 point) and other Largecap stocks including PLX (+0.63 point) và SAB (+0.43 point). In contrast, ROS (-0.8 point), VIC (-0.69 point) and VNM (-0.67 point) were the main factor that limited the market momentum. The market cash flow continued rotating among different sectors and concentrated on Banking sector and Securities sector composed of HCM, SHS and VND. Moreover, penny stocks such as DTA, NVT, TTH, and TNT also traded positively during today trading session. The market scale maintained a positive state with the bullish stocks dominated the market (142 bullish stocks/124 bearish stocks). Market liquidity maintained at the same rate as the previous session with a matching value of VND 3,741.3 billion/session. At the end of today session, VN-Index increased by 1.16 point (+0.15%) %) and closed at 767.99 level; HNX-Index increased by 0.38 point (+0.39 %) up to 99.80 point.


Market Outlook
The market had a positive trading session. Strong differentiation occurred in Bluechips stocks when PLX, SAB increased while some stocks including VNM, VIC, and BVH were decreasing. Narrowed market fluctuation margin, positive market scale and the same market liquidity rate indicated that the bullish momentum of the market had grown weaken in the upcoming sessions. The market might experience the accumulative fluctuation period in the 765-770 region in the upcoming trading session. Tomorrow, MSCI will publish its market indexes; and this event may affect the market trading sentiment, the closer to the ranks to the emerging market, the larger the foreign cash flow is attracted to the market.