20170725_BSC_Vietnam Daily Review_EN_Banking stocks return_Company update_FPT JSC

Highlight
At the opening of the session, the market moved below the resistance level of 760 points until the end of morning session. During the afternoon session, the market recovered and continuously broke through until the closing. The trading range of the market was very high as the gap between the peak and the bottom of VN-Index was 10 points. The stocks which support the market to rise were BID (+1.32 points), MBB (+0.85 points), PLX (+0.75 points), CTG (+0.63 points) and GAS (+0.58 points). In the opposite direction, the major losers were VIC (-0.17 points), VNM (-0.14 points), VCB (-0.06 points), CTD (-0.04 points), QCG (-0.02 points). Market cash flow was mainly allocated to Banking, Insurance, Petroleum and Securities. Leading stocks and Supportive stocks were also targeted as there were 23 gainers in VN30-Index. Market scale was very positive, contrasted with yesterday (191 advancers/96 decliners). However, the market liquidity was worse, hitting 5-month bottom when trading value reached only VND 2,585.8 billion. Sum up today session, VN-Index gained 7.5 points and closed at the peak of 767.27 points. The HNX was in a similar situation when the HNX- Index increased by 0.88 points, up to 97.81 points.
 

Market outlook
Although market liquidity had not really improved in general, the cash flow was showing positive signal when it continued to return to the bank stocks and leading stock groups. The market index gained well, during the session, there was a widespread effect to almost all market sectors. In the upcoming sessions, there is a necessity for an improvement of market liquidity to reinforce the market rebound trend, although the market index is facing the opportunity to return to the short-term resistance level of 770 points. Investors returned to the market in an observing position to be cautioned of the correction from the leading group stocks which can bring the market index back to lower support levels.
 

Company update
FPT – FPT JSC. (HOSE)