20170929_BSC_Vietnam Daily Review_EN_Main stocks fluctuating around

Highlights
• Opening of the last trading session of the week, the market was quite active but the decline of oil & gas stocks and profit taking pressure at the end of the session pulled down the market index.
• The biggest gainers were HPG (+0.55 points), VCB (+0.39 points), VIC (+0.32 points), VPB (+0.14 points) and MBB (+0.13 points).
• The biggest losers were SAB (-1.16 points), GAS (-0.91 points), PLX (-0.28 points), MSN (-0.21 points) and SBT (- 0.16 points).
• The most active group today was the steel sector, however, the sharp drop in cash flow negatively affected market sectors and stocks.
• The trading value of VN-Index was VND 2,723.6 billion. The daily trading range was at 4.35 points. The market was slightly negative with 128 gainers / 136 losers.
• Ending today session, the VN-Index dropped 0.4 points to 804.42 points. On the contrary, the HNX was increased 0.23 points to 107.66.

Market outlook
The main impact on the market trend in the weekend session was the fluctuating around performance of the main stocks in VN30 basket. Although there were gains at the beginning of the session thanks to the news of GDP growth in the third quarter, but right after that, there were some corrections due to weak cash flow and cautiousness of investors. Selling pressure was quite high, causing hot stocks with high speculative factors such as FIT, HAR, HAI, and KLF to sell out sharply. The market today is supported by steel, banking, securities sectors but the general trend signal is correction, weak and unhealthy liquidity. Investors should avoid entering the market at this moment and waiting for positive news from business results in the third quarter of 2017 to support the recovery of market sectors.