Daily Review

20161031_BSC_Vietnam Daily Review_EN_ Less positive in Monday

  • Date

    31/10/2016

  • Language

    Tiếng Việt

  • Number of Downloads

    15

Detailed report

Highlight
Market action was not positive in the first trading session of the week, which makes the market index lost 680 points support level. Individual efforts in increasing momentum among large caps; ROS was not able to resist the general deceleration of some large caps such as GAS, BVH, VNM, as well as the decline of the banking sector. Most market indices declined cap, blue gathered at the group Midcap stocks, and many stock sectors Construction, Construction Materials and Real Estate for maintaining momentum and stable demand in today's trading session. At closing, the VN-Index fell 6.45 points, quite close to the 675 short-term supports, gaining 675.80 points, down 0.95%.

Market commentaries

Market indexes are still maintained in the medium term uptrend from the early years, the fluctuation of the stock market index and at this stage could potentially risky and could not help VN -index to conquer the short-term resistance at 690 this week. Lost the support level of 680 points, the VN-Index is approaching the support at 670-675 points lower regions. Investors should hold good fundamental stocks in terms of production and business activities in proportion of moderate, they should increase the proportion of shares when the market clearly identified trends in the session coming; Investors limited buying activity at low prices because not exclude the possibility that the market may reach the resistance at the lower bottom.

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