20161004_BSC_Vietnam Daily Review_EN_ Sharp correction at the end of session

Highlight
Positive market focus has turned around banking stocks in the first half of the trading session today, although the market had a correction of the steel industry's stocks like HPG, HSG, NKG, this group has dropped by sentiment investment seems to be affected by news that US businesses continue to require the DOC initiated an investigation the Chinese cold rolled coil steel guise steel made in Vietnam to evade taxes.
Market trading trend began to reverse in the second half of the afternoon session, while shares of the steel industry group has weakened rapidly in late afternoon trading, this has a major impact on overall market performance and to most the stocks in the market, BVH was the support for the market at the end of the session despite Bank stocks were also under selling pressure. Market indices were volatile during the session, losing more than 8 points with the correction in the session, which had dragged the VN-Index to close to the support level of 680 points at the close. However at the time of closing, the VN-Index increased slightly compared with the previous trading day, reaching 684.2 points, up 1.15 points, respectively up 0.17%, due to the Bank group in terms of recovery points.

Recommendation
While the market has rallied and restored again when accessing sensitive support level but the corrections  happens most of the stocks, and most sectors in the market. Investors should be cautious when buying new stocks affected by market information, should prevent the general market risk and maintain partial profit taking stocks performing well in the portfolio when the market index approaches the resistance level of 690 points.