20161019_BSC_Vietnam Daily Review_VN_ The positive from the Bank group

Highlight
Market liquidity has improved notably today by market demand from the Banking sector. Market index also rose sharply in the morning and was maintained until the end of the afternoon session. Large-cap group has recovered in terms of scores and volumes, this helped the market index increased and was close to the resistance level of 690 in the session. Contrary to the previous trading day, large-cap stocks have returned to a steady increase, in which ROS (+3.80), VNM (+2.00), BVH (+1.00), VIC (+0.90), BID (+0.70), GAS (+0.60), HPG (+0.55), CTG (+0.30), VCB (+0.25), and the positive for banking stocks, especially  SHB  on the HNX; this stock has suddenly hit the ceiling and a large volume of nearly 11 million shares, the largest on the floor HNX. Ending the trading session, the VN-Index rose 6.87 points to 688.89 points, 1.01% respectively. Most market indices have rebounded strongly, especially the large- cap indices; in stark contrast, has been corrected slightly Midcap group.

Market commentaries
Foreigners were net buyers in value today as well as the support necessary for the general market movement. However, the market has established a clear trend in this period, when the index can not get rid of the accumulated value; the general market risk can also occur if large-cap stocks turned the downtrend. Investors should be cautious for the extraordinary correction of the market which may occur in the accumulation zone of 680-690 points.