20170614_BSC_Vietnam Daily Review_EN_Broke through the 760 historical level

Highlights
In the morning session, the market increased significantly right at the beginning of the session and decreased sharply down to the previous trading session, but right after that, thanks to strong supportive demand, the market moved up rapidly and traded positively during almost the entire afternoon session. The main supportive stocks of VN-Index during today trading session were Largecaps stocks such as SAB (+1.13 points), GAS (+0.86 point) and Banking stocks including VCB (+0.74 point), BID (+0.59 point), CTG (+0.58 point), NVB (+0.3 point) và ACB (+0.26 point). In contrast, ROS (-1.13 point) moving down to its floor price along with VIC (-1.29 point) limited the bullish momentum of the market. The market cash flow rotated between different sectors and concentrated on Banking sector, Real-estate, Construction sector with PC1, VRC, QCG, DXG… During today trading session, HAG and HNG also attracted significant cash flow and reached their respective ceiling price at the end of today session. The market scale turned into a positive state with the bullish stocks dominated the market (144 bullish stocks/123 bearish stocks). Market liquidity was maintained at the same rate as the previous session with a trading value of VND 3,460.7 billion/session. At the end of today session, VN-Index increased by 3.88 point (+0.51%) and closed at 760.77 level; HNX-Index increased by 0.58 point (+0.59%) up to 97.89 point.



Recommendations
Continued from yesterday bullish momentum, the market traded dynamically and positively. Market cash flow increased significantly and spread into Banking sector, Real-estate, Construction sector and other Blue chip stocks including GAS, SAB, and VNM which helped VN-Index broke through the historical 760 point level. However, unchanged market liquidity along with narrowed fluctuation margin indicated that the bullish momentum of the stock market might be weaker in the upcoming trading session. BSC expect the market to fluctuate around the 760 point level in tomorrow session.