20170921_BSC_Vietnam Daily Review_VN_Key stocks declined

Highlights
• The VN-Index was not very positive with the red color flooded the market, the fundamental stocks pulled the market index down.
• Stocks with the biggest gainers included BID (+0.37 points), CTG (+0.35 points), GAS (+0.12 points), FPT (+0.12 points) and MBB (+0,11 points).
• Stocks led the market down including SAB (-1.52 points), MSN (-0.87 points), VNM (-0.35 points), HPG (-0.18 points) and VIC (-0.12 points).
• The cash flow today has a tendency to spread among stocks with small and medium market capitalization. Food & Beverage, although liquidity tended to increase compared to yesterday, but the index dropped significantly
• Market liquidity was matched at VND 2,974.6 billion. The trading range for today was 3.92 points. The market breadth today was negative with 121 advancers / 141 decliners.
• Ending today session, the VN Index dropped 1.93 points to close at 803.93 points, while the HNX-Index rose 0.57 points to 105.75 points.

Market outlook
Stocks continued to dive deeply today, liquidity remained moderate. However, the adjustment from the large capitalizations is regulating the general market index, while the market cash flow is still very carefully increase. In addition to the speculative shares that are gaining interest and acknowledging the gradual improvement of the banking sector, there is an improvement in the liquidity of fundamental stocks supported by the prospects of business performances in Real Estate, Construction and Textile sectors. A correction from fundamental stocks may cause the market index to test support levels below 800 would be needed to improve market liquidity and create opportunities for investors to increase their exposure to the group of basic stocks at more attractive prices in the coming sessions.