20170928_BSC_Vietnam Daily Review_EN_Red Domination

Highlights
• The VN-Index had some certain corrections in the afternoon session, making the general trend of the market back to the sideways position with the domination of red color.
• The biggest gainers were SAB (+ 2.27 points), BHN (+0.57 points), VNM (+0.45 points), VCB (+0.39 points) and MSN (+0.28 points).
• The biggest losers were BID (-0.56 points), CTG (-0.34 points), PLX (-0.31 points), VIC (-0.24 points) and BVH (- 0.14 points).
• Cash flow increased due to selling pressure in market sectors such as Real Estate, Securities, and some stocks of the banking. The trading value of VN-Index was VND 3,310.6 billion.
• The daily trading range was widened to 7.25 points. The current market breadth was negative with 110 gainers / 151 losers.
• At the end of today trading session, the VN Index advanced by 1.05 points to 804.82 points, whereas the HNX declined 0.09 points to 107.43 points.
 

Market outlook
Though VN-Index advanced, market was still negative since losers dominated and most of gained points contributed by SAB which rose by more than VND 11.1 points with trading value of only VND 4.5 billion but largely manipulated both VN-Index and VN30-Index. However, selling pressure made the market liquidity increased. The corrections occurred on wide scale for most sectors, especially in Real estate stocks, but some small groups such as Fertilizer, Aviation and Beer recovered positively. Slight improvements in large capitalization stocks were the main factors that kept index in green. BSC keeps outlook that market had yet improved, investors should limit proportion of stock exposure while most stocks are moving to short-term corrections.