20170814_BSC_Vietnam Daily Review_EN_Flourishing market

Highlight
Today session saw the upside of market, VN-Index closed at 776.17 points, up 4.09 points compared to last week. Trading range was 5.77 points. Key stocks contributing to the uptrend of index were: HPG (+0.74 points), PLX (+0.64 points), BID (+0.63 points), MSN (+0.55 points) and MBB (+ 0.51 points). By contrast, stocks that pulled the market down were SAB (-0.91 points), NVL (-0.32 points), EIB (-0.11 points), DVP (-0.04 points) and BWE (-0.03 points). Market cash flow today recovered in most sectors, typically construction, real estate, technology, banking, steel and pharmaceuticals. Market breadth turned into positive with gainers outnumbered losers (187 gainers / 97 losers). Market liquidity decreased slightly in comparison to last week with the order matching value of VND 2,776 billion, which implies that investors were still cautious with the rebound of the market. At the end of today session, VN-Index rose by 4.09 points, closing at 776.17 points; HNX-Index also increased by 0.64 points to 101.5 points.
 

Market outlook
After three consecutive correction sessions, the market rebounded causing VN-Index to rise by 4.09 points and VN30-index to increase by 6.4 points, In addition, foreign investors continued their net purchases, the rebound trend occurring at Banking sector, Real-estate sector, and Beverage sector had support the market uptrend momentum.. However, market liquidity remained to be at a low rate indicating conservative sentiment in the market. VN30-Index increased further than VN-Index illustrating investors’ tendency to increase their portfolio proportion of VN30 stocks. BSC forecasted that the market would move up and fluctuate around the 780 points level in tomorrow session.