20170906_BSC_Vietnam Daily Review_EN_Fluctuating around the peak

Highlight
• VN-Index had a strong correction but then quickly recovered, fluctuated around the reference until middle of the afternoon before increasing slightly at session end.
• Stocks contributed the biggest gainers: SAB (+1.65 points), VPB (+0.76 points), ROS (+0.3 points), HPG (+0.29 points), GAS (+ 0.24 points).
• Top losers: VNM (-0.72 points), BID (-0.37 points), CTG (-0.17 points), VCB (-0.17 points), VIC (-0.16 points).
• Today's cash flow tends to weaken in most sectors, especially large capitalization stocks, just some exceptions were ROS, HPG, and VPB ... still attracting good cash flow.
• Market liquidity was equivalent to yesterday's session with the trading value of nearly VND 3,056 billion. The daily trading range was 4.93 points.
• Market breadth was negative with 95 upside stocks / 167 downside stocks.
• Ending the trading session today, VN-Index gained 1.24 points and closed at 793.55 points; The HNX-Index also rose 0.11% to 104.50 points.


Market outlook
The VN-Index has fluctuated sharply on the way to approach the last peak at level of 795 points after corrected around the reference level. Liquidity maintained at the same value as yesterday, amplitude of fluctuation narrowed and the index has not reached the peak level of 795 points in the session, showing the investors were reluctant at the current price level. The short-term trend is unclear but could provide opportunities for investors to buy stocks that have corrected to reasonable prices.