20161103_BSC_Vietnam Daily Review_EN_ The downtrend was confirmed

Highlight
Today's session has plummeted after confirmation lose medium-term trend of support in the previous session. The market index has fallen deeply than 8 points, approaching the lower support at 660 points. Panorama of the market has sunk in the red for most of the correction of the stocks on the market and the majority of large-cap stocks weakened rapidly. The positive was back in the second half of the afternoon session with the rise of large stocks MWG, VIC and then the recovery of the stock of ROS, pulling back almost 7 points to the market at the end of session. Liquidity has also appeared in major process of correction of a number of large-cap stocks such as KBC, HPG, HSG, HBC, HUT, FPT today. At the close, the market recovered at 667.63 points, down 3.77 points more than the previous session. All market indices maintain the performance decline; a strong decline occurred in Smallcap stocks Largecap stocks.

Market commentaries
Phase of scalar fluctuations ended and confirmed by the apparent decline of the entire market indices today together with the increase of value traded liquidity. As identified in our previous sessions, the market will enter a downward trend and the risk can be increased again before the ambiguity of the trend, as well as trading psychology lasted less excitement. Investors should limit disbursements during the market correction in the lower price ranges because not exclude the possibility that the decline might also take place in the short-term support level of 660 points, or lower zone at 650 points, waiting for a clear price recovery of large stocks, as well as the recovery in prices of some key sectors.