20161020_BSC_Vietnam Daily Review_VN_ Lack of support from Blue-chips

Highlight
The market has almost successfully conquer resistance at 690 in the morning session, due to the support of GAS, as well as information VNM oil prices, this has also created positive sentiment in early trading. Market index has more than one time to overcome short-term resistance level during the session, however, the correction of large-cap stocks led to the weakening of the majority of shares in the market, this has as indicators declining to the end of the session. Ending the session, in addition to the rising stock of ROS as usual, was completely lacking the support of stocks of large- cap stocks. Shares GAS, VNM have  reversed, was weakened by the end of the session, and the large-cap stocks such as HPG, BID, BVH, CTG has abruptly corrected, in contrast to the trend in the immediately previous session . The positive increase of Construction sector and Real Estate sector as CII, KDC, FLC, and KBC can not compensate for the correction of the majority of Blue-chips. The VN-Index at the close was down 2.8 points, gaining 686.39 points, down 0.36%.

Market commentaries
Movement trend of the market is unclear until today, the price of support - resistance 680-690 noted again another session’s cumulative market index. As well as recommendations in the previous trading session, investors should enter the market only when the money market is more stable and the VN-Index to determine a clear trend. If investors participate in buying by short-term gains, which could potentially risky happens when the general market correction and unusual depth.