20170831_BSC_Vietnam Daily Review_EN_The return of cash flow

Highlight

• The VN-Index decreased slightly in the beginning but quickly gained the rise momentum, especially in the afternoon session when it climbed to new peak.
• Stocks increased the most: BID (+1.56 points), CTG (+0.6 points), ROS (+0.3 points), MBB (+0.3 points) and MSN (+ 0.26 points).
• Top losers were VIC (-0.17 points), BHN (-0.09 points), PLX (-0.07 points), HAG (-0.03 points) and SBT 03 points).
• Cash flow today has returned to banking stocks and many large capitalization stocks, remained positive in the steel sector and rotated in the real estate sector.
• The market liquidity today improved significantly with trading value of VND 4,009 billion. The daily trading range was 7.6 points.
• Market breadth turned positive with 141 stocks upwards / 131 stock downwards.
• Ending the trading session, VN-Index gained 4.11 points, closed at 782.76 points. The HNX-Index also rose 0.53% to 103.88 points.

Market outlook
The uptrend from the previous sessions were maintained today but the index only really surged in the afternoon session when the cash flow returned to the banking stocks group. VN-Index has approached the resistance level of 785 points but lost momentum in the end of the session, VN30-Index is also approaching the last peak at 772 points. With the trend of cash flow went back to the leading stocks group and liquidity maintained positively, the market may continue to maintain upward momentum in the upcoming sessions, but noted the possibility of index correction when it approaches short-term resistance level and Holiday mood arises. Investors should be cautious when deciding to buy in the exciting market.