20171003_BSC_Vietnam Daily Review_EN_Lost support level of 800 points

Highlights
• The market index today dropped sharply and red color dominated with the main reason is big number of large cap losers.
• The biggest gainers were BID (+0.16 points), ROS (+0.1 points), VIC (+0.08 points), BVH (+0.08 points) and MWG (+0.07 points).
• The biggest losers were PLX (-0.62 points), GAS (-0.41 points), VJC (-0.35 points), VNM (-0.27 points) and SAB (- 0.24 points).
• Selling pressure made the market continue to correct, especially in sectors such as Real Estate, Banking, Securities, Steel.
• The trading volume of VN-Index was only modest level of VND 2,909.4 billion. The daily trading range was at 9.34 points. The market breadth was strongly negative today with 93 advancers / 185 decliners.
• At the end of today trading session, VN-Index dropped 4.23 points to 798 points, HNX-Index dropped 0.98 points to 106.53 points.

Market outlook
The general correction trend continued in the market today, the strong selling pressure caused the stock liquidity increased but decreased tally such as real estate, steel and oil stocks. The support from the key stocks were disappeared when the number of rallied stocks were very small and weak impact while the momentum of the spread across the market has helped the support level of 800 points also broke. The market may need to test the support level of 795 points and may lower than 787.5 points in the next few days. Market performance is entering a more risky phase after liquidity weakens. Investors have continued to observe the movement of the market, restricting the purchase of new stocks when the market index has not established a more stable support level.