20170919_BSC_Vietnam Daily Review_EN_Unexpected correction

Highlights
• VN-Index fluctuated slightly and fairly modestly, however, strong selling pressure pulled the index down below the reference level.
• The biggest gainers were BHN (+0.24 points), CTG (+0.17 points), BID (+0.16 points), HPG (+0.16 points) and ROS (+0.16 points).
• The biggest losers were PLX (-0.42 points), GAS (-0.35 points), SAB (-0.29 points), MSN (-0.28 points) and VNM (- 0.27 points).
• Steel, construction and materials sectors and speculative stocks continue to attract cash flow
• Large capital stocks played a role in regulating the market indexes. Market liquidity was VND 3,442.3 billion.
• Today trading range was at 4.26 points. The market breadth today was negative with 123 gainers / 148 losers.
• At the end of today session, the VN Index dropped 1.94 points to 805.93 points, while the HNX also dropped 0.4 points to 104.73 points.

Market outlook
The fact that many stocks corrected today had created a strong pressure on the market which is proven by the strong decreasing point in the afternoon session. In addition, after touching the 810 resistance level, profit-taking sentiment of many investors also contributed to the correction of VN-Index at the session end, however, the positive news is that the cash flow was distributed widely not only in Largecaps stocks but also in speculative stocks. Today corrected session may be the opportunity for investors to raise their portfolio proportion of notable fundamental stocks that is illustrating positive signs.