20170713_BSC_Vietnam Daily Review_EN_Positive trading session

Highlight
In the morning session, the market opened high starting point then plunged back to the reference price. However, due to the strong demand in bluechips such as PLX, VNM, BHN, REE, BVH, and stocks of Banking and Petroleum, VN-Index began climbing and maintained the rising momentum until end of afternoon session. Stocks that pushed the market index were PLX (+0.54 points), GAS (+0.44 points), VNM (+0.43 points) and HPG (+0.3 points). In the opposite direction, stocks that hindered rising momentum are STB (-0.12 points), BMP (-0.07 points), EIB (-0.06 points) and MSN (-0.06 points). Market cash flow fluctuated between sectors and mainly spread to Petroleum, Hydropower and Real Estate groups. In addition, other groups such as Banking, Sugar and Steel also improved quite well compared to the morning session. The differentiation took place in the securities group until end off afternoon session. Banks also had similar movements when VCB, CTG, BID, MBB, SHB and NVB increased and EIB, STB and VIB decreased. For penny stocks and small-cap stocks, HAR and HAI continued to hit the ceiling with over 7 million overbought shares; the pair HAG and HNG attracted large cash flow and both gained points during today session. Market breadth came back to nearly neutral status as gainers and losers were almost balanced (142 advancers / 137 decliners). The market liquidity was similar to the last session with the trading value of VND 3,134.4 billion/session. Sum up today session, VN-Index gained 4.13 points (+ 0.53%) and closed at 778.30 points; The HNX-Index rose by 0.20 points (+ 0.20%) to 100.76 points.



Market outlook 
The uptrend momentum of the market remained today and may return to the level of 780 points in the upcoming sessions. The liquidity status remained the same as in the previous session, the market breadth returned to neutral status but the market index still gained indicating that the market cash mainly flowed into the main stocks of the market. Market fluctuation range narrowed to 4.8 points but the narrowing momentum had started to decline showing that the market may enter the horizontal movements. With the information from today's trading session, BSC maintains the point of view that the market index movements will depend on a number of individual main stocks continuously in the range of 770-780 in the upcoming sessions,