20170823_BSC_Vietnam Daily Review_EN_Slight recovery session

Highlights
Contrary to the first trading session of the 7th month in the Lunar calendar, the market observed a slight index recovery despite its weak liquidity. By the end of the morning session, the market had a correction below the level of 760 points but it came back with the upward momentum and remained above the reference until the early afternoon, before testing again this support level. Since then, better cash flow helped the index gained consistently and closed in the green color. VN-Index gained strongly thanks to the support from SAB (+1.82 points), followed by VIC (+0.43 points), NVL (+0.32 points), BID (+ 0.28 points) and MSN (+0.23 points). In the opposite direction, stocks were negatively affected but the impact was small which included MWG (-0.11 points), EIB (-0.08 points) and HAG (-0.05 points). Today market cash flow mainly focused on real estate stocks (especially FLC ‘s transaction volume occupied more than 11% of the market) and VN30 stocks. Market liquidity dropped for the fourth consecutive session with a transaction value of VND 2,530 billion. The amplitude of fluctuation was quite large at 6.97 points. Market breadth improved slightly with 128 gainers / 138 losers. End of today trading session, VN Index increased  by 4.72 points (equivalent to 0.62 percent) and  close at 765.98 points. HNX-Index also gained 0.41 points (equivalent to 0.41 percent) to 101.28 points.
 

Market outlook
The trading session today recovered in terms of index points but the volume had no significant improvement. VN-Index recovered lightly due to the demand at the bottom level after a sharp decline in yesterday; however, the demand was not large, focusing on some stocks that did not spread to all leading stocks. The VN30-Index also had a significant gaining session with 18 upside stocks/ 7 downside stocks with weak liquidity. In the next session, VN-Index may fluctuate around 765 points while waiting for signals from cash flow into stocks. BSC still recommends investors to observe more for cash flow and may increase the proportion to the fundamental stocks at attractive prices.