20170914_BSC_Vietnam Daily Review_EN_Continue increasing

Highlights
• VN-Index continued to rise strongly and surpassed the psychological resistance of 806 points, however, the VN-Index in the afternoon tended to sideways rather than maintain rising.
• The stocks that pulled the biggest gainers included GAS (+1.46 points), VIC (+0.82 points), VJC (+0.35 points), VCB (+0.28 points) and CTG (+0.17 points).
• Stocks pulled the market back including SAB (-0.93 points), BHN (-0.23 points), PLX (-0.11 points), HPG (-0.09 points).
• Cash flow today focused on banking, securities, construction, transportation - seaports - warehouses, fertilizer as opposed to that, cash flow loss in stocks of large capitalization and Real estate stock.
• The market liquidity tended to decrease compared to the previous session with the matched order value of VND3,297.9 billion.
• The daily trading range was 4.06 points. Market breadth was positive with 151 advancers / 113 decliners.
• Ending the trading session, VN-Index gained 3.54 points to close at 806.32 points. However, HNX slightly decreased by 0.05 points to 104.38 points.


Market outlook
Banking, Securities, Construction, Sea logistic, and Fertilizers had a very active session when attracting a large cash flow from investors. In addition, the news of sharp increase in World oil price also supported the oil and gas sector today. Group of leader stocks also increased positively, helping VN-Index to surpass the psychological resistance of 806 points. However, the market liquidity today tended to weaken, indicating that investors were still very conservative about the market. Investors should observe the market closely, if VN-Index falls, then it may be an opportunity to increase the stock exposure and move to higher levels.