20170705_BSC_Vietnam Daily Review_EN_Market liquidity had not been improved

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Market index recovered in terms of scores in today's session, however, market movements from the beginning of the week were merely intermittent gains and losses which were largely influenced by movements of the main stocks. The market liquidity continued to weaken today when the executed value reached only VND 3,159.97 billion, narrowed the liquidity for main stocks and remained stable for penny stocks. However, the rise of the market also led to the recovery of most of the market shares as the gainers is the majority. The large cap stocks GAS, PLX contributed about 1 point gain to the VN-Index, creating a premise during the trading session that helped most market sectors to recover, as well as pull back cash flow back to banking stocks. The group of securities, plastics, oils and gas sectors have outperformed the market, the remaining groups are still differentiated. The declining liquidity is creating opportunities for small cap stocks have become active, including TOP (+10.53%), C69 (+9.59), PVX (+9.09), DCS (+ 7.69%), KVC (+ 7.41%), ITA (+ 6.94%), AGR (+ 6.92%), HAI CDO (+ 6.84%), HID (+ 6.82%) ... Meanwhile, the large capitalization stocks groups as well as VN30 were lack of liquidity. At the closing session, the VN-index closed at 765.87 points, which is 2.78 points higher previous session. On HNX, the HNX-Index surged to 101.92 points, which is 1.45 points higher than the previous trading session, largely contributed by SHB, ACB and NVB.


Market outlook:
The recovered of the market is largely affected by supportive stock markets and the rebounded of Banking stocks during the session, causing most market to recover from today session, however, the market liquidity is not yet positive. Weaken cash flow in Largecap stocks however, created a dynamic movement for low value stocks, small capitalization stocks that were affected by market segment. The differentiation occurred in most market sectors, market indexes and liquidity did not improve and that in turn, creating market indexes that had the trend escaping the buying region. The market is entering a complicated movement when bullish and bearish session came one after another under the short-term resistance market of 780 point. In recent trading sessions, investors observed the market cash flow improvement and  being careful of risky reversal trend of the general market at the short-term resistance level of 770 point  or lower point, in the upcoming trading sessions.