20170927_BSC_Vietnam Daily Review_EN_Continued correction

Highlights
• The VN-Index disputed for points in the session today but the selling pressure at the end of the session caused the market to fall into red.
• The most gainers were VIC (+1.5 points), GAS (+0.71 points), VPB (+0.4 points), SBT (+0.15 points) and PLX (+0.14 points).
• The most losers were ROS (-0.97), SAB (-0.58 points), MSN (-0.34 points), BID (-0.21 points) and MWG (- 0.19 points).
• Cash flows tended to flow into sectors such as Real estate, Plastics, Steel sector while weakening in Food, Transportation - Warehousing - Seaports and differentiated in banking sectors.
• The trading value decreased sharply with value of VND 2,971.2 billion. The daily trading range was 3.3 points. The market breadth was negative today with 112 gainers / 149 losers.
• Ending today session, the VN-Index decreased 1.58 points to close at 803.77 points, with the same trend, HNX-Index fell 0.39 points to 107.52 points.
 

Market outlook
The red color dominated the market today as the selling pressure from investors along with the correction of the Oil & Gas and Security industry, however, there was an improvement in the demand of stocks of Real Estate and Construction sectors. As in the recent trading sessions, investors continued to narrow their portfolios and limit their participation in the short-term cash flow attracted stocks. Liquidity was a barrier making market transactions in caution status. In contrast to the general downward trend of most stocks in the market, VIC played the main supporting role for the market index and VN30 index. The manipulation of the market index from single leading stock is limiting the trend in the short term. Investors should be careful of the general correction of the market in the weekend session without lack of gaining force and tightening liquidity status prolonged.