20170907_BSC_Vietnam Daily Review_EN_Surpassed the peak

Highlight

• The VN-Index successfully tested the old peak at 795 points, maintaining above the reference for most of the trading time.
• Stocks contributed the biggest gainers: SAB (+1.69 points), GAS (+0.79 points), MSN (+0.74 points), BID (+0.27 points), ROS (+ 0.22 points).
• Top losers: VNM (-0.67), VCB (-0.33 points), HPG (-0.23 points), MBB (-0.08 points), PLX 07 points).
• Cash flow today is diversified in a number of sectors, withdrew from the steel industry and tended to flow into the building materials (brick, stone) and plastics stocks.
• The market liquidity improved with the trading value of nearly VND 3,304.7 billion. The daily trading range was 5.72 points.
• Market breadth was fairly balanced with 129 shares increased / 131 shares decreased.
• Ending today session, VN-Index gained slightly 0.4%, closing at 796.72 points; The HNX-Index also rose 0.11 points to 104.61 points.

Market outlook

VN-Index today successfully surpassed the last peak at 795 points, gained well in the afternoon session, but at the end of the session, the demand weakened causing the index to decline. Liquidity improved, the market traded in a fairly balanced status. The market had a series of continuous rises similar to the process of conquering the peak of 795 points more than a month ago. BSC believes this momentum would be unlikely to continue unless there is a stimulated force from cash flow into the key stocks. VN-Index could fluctuate around this level in the next session. Investors may have difficulties in short-term trading, but there are still opportunities in the medium to long term.