20161006_BSC_Vietnam Daily Review_EN_ VNM and VIC have control of the market index

Highlight
Transactions today market is slow and less exciting than the previous session, although there was an increase in terms of scores. The market has approached nearly 700 point mark and have corrected quite narrow around this area and has affected the price of VNM in session. Banking group still tends to increase the impact on the market but this influence has decreased compared to the previous session. Steel Group is still declining since the beginning of the week; especially HPG, HSG has had an impact on the weakening of market indicators as well as general trading psychology. Market index approached 700 points resistance level in the morning and was weakened from the afternoon session. Near the end of the afternoon session, the strong decline of VIC has led market index declined rapidly. The correction also grows for stocks HPG, HSG and FPT. At closing, the VN-Index has approached the reference threshold the previous session, rose slightly 0.28 points, reaching 687.32 points.

Market commentaries
In addition to the positive news that foreigners were net buyers, the market movement today has not yet shown a clear breakthrough, in general the market is trending sideways movement in the past two weeks in the wings 680 points and below the threshold of 690 points. Investors should maintain a reasonable proportion of the market movement depends upon the recommendation of the previous session, perform the lower portion of the portfolio when the market index near 690 point threshold and make acquisitions if the market tends to adjust the direction of the support under 680 points, to prevent the risk of the common market reversal.