20161026_BSC_Vietnam Daily Review_EN_Wait for signals_Company Updates - VNR & APC

Highlight

As forecast in the previous report, VN-Index has not been able to recover, mainly because banks and Bluechip group GAS, BVH, MSN continued to correct. The large-cap stocks halted market decline including ROS and VNM, PNJ rose slightly. Notably, the liquidity of the market dropped to its lowest level since August, only 141 million shares were traded on both exchanges corresponding to the transaction value of 2055 billion. Ending the session, VN-Index lost 2.57 points to 673.61 (-0.38%), the HNX-Index fell by 0.56 to 82.26 (-0.67%). In today's trading session, the banking group continued to weaken, typically VCB, CTG, BID, STB. Oil and gas group with PVS, PVD, PVB, GAS continued to adjust in the same direction with lower oil prices in the world. Pharmaceutical groups and building materials traded more actively than common market, in which, notably pharmaceuticals group with strong trading volume with DCL.

Recommendation

Markets keep 673 by bottom fishing activities in late trading as liquidity depleted. Banking stocks and large stocks corrected sharply while ROS rose halted decline of VN Index, are uncertain factors for the recovery. The technical indicators continue to stand at a weak level. Therefore, investors are recommended to observe the market when the VN-Index does not have much chance to recover, should not participate if the VN-Index falls below the 673.

Company Updates - VNR - Vietnam National Reinsurance Corporation (HNX)

Company Updates - APC - An Phu Irradiation Jsc. (HSX)