20170901_BSC_Vietnam Daily Review_EN_Maintain increasing momentum

Highlight
• The VN-Index increased sharply today at the beginning, but the momentum has slowed down but still remained green until the end of the session.
• Stocks increased the most: VNM (+1.45 points), SAB (+0.72 points), GAS (+0.55 points), VCB (+0.4 points) and BID (+ 0.38 points).
• Most dragged stocks were MBB (-0.16 points), NT2 (-0.06 points), STB (-0.06 points), SBT (-0.03 points) and DCM (-0.02 points).
• Cash flow weakened in many leading industries such as banking, real estate, and the VN-30, tending to return to speculative shares.
• Market liquidity decreased significantly with trading value of VND 2,853 billion. The daily trading range was 6.4 points.
• Market breadth remained positive with 153 gainers / 116 losers.
• Ending today session, VN-Index gained 5.97 points at 788.73 points while HNX-Index decreased by 0.07% to 103.81 points.

Market outlook
Although today’s index increased strongly but liquidity is significantly lower than yesterday. VN-Index and VN30-Index have successfully tested short-term resistance at 785 and 772-773 points respectively. However, contrary to the previous session when the cash flow tended to flow back into the leading stocks, today's cash flow significantly weakened in VN30, bank or real estate. BSC said that the uptrend of the market today was partially contained in the resistance zone as well as affected by the psychology of holiday, next week the index will be able to make adjustments before determining short-term trend. Investors can take advantage of market corrections to increase their stock proportion with key stocks with positive business results expected later this year.