20170912_BSC_Vietnam Daily Review_EN_Shaken at peak

Highlights
• VN-Index quickly reached the 800 level but turned down right after that until the end of the morning session. However, the afternoon session witnessed a significant recovery
• The biggest gainers were MSN (+0.58 points), VCB (+0.39 points), BID (+0.32 points), MBB (+0.3 points) and PLX +0.18 points).
• the biggest losers were ROS (-0.9 points), SAB (-0.78), VNM (-0.13 points), STB (-0.18 points).
• Today's cash flow has been distributed into many industry segments but still concentrated in large cap stocks such as ROS, MBB, HPG, VNM, HBC, AAA and NVL.
• Market liquidity tended to increase slightly with order matching value of VND 3,405.5 billion. The daily trading range was 6.13 points.
• Market breadth was positive with 158 gainers / 98 losers
• VN-Index gained 2.47 points (+0.31%) to close at 799.94 points, HNX also gained 0.84 points (0, 81%) to 103.72 points.


Market outlook
Today session made some correction and gradually approached 800 points level. Banking sector was the main support of the VN-Index, including large capitalization stocks such as VCB, BID, MBB, VPB, CTG. However, cash flow still remains in the market, partly returning to fundamental stocks supported by positive news from the business outlook and in the attractive discounted price range. In the coming sessions, the market index and the VN30 may test the support levels in the uptrend of 795 points caused by large capitalization stocks. Investors should consider joining the market at lower support level or looking for some fundamental stocks of which liquidity and price are likely to improve in recent sessions.