20171004_BSC_Vietnam Daily Review_EN_Recovered

Highlights
• After several correction sessions, the market today rallied with the support of large-cap stocks group, although there was a slight correction in the afternoon session, the index had quickly rallied again.
• The biggest gainers were VCB (+1.36 points), VIC (+0.73 points), SAB (+0.71 points), CTG (+0.46 points) and GAS (+0.41 points).
• The biggest losers were LGC (-0.09), BHN (-0.07 points), VPB (-0.05 points), PAN (-0.03 points) and BMP (- 0.03 points).
• Contrary to yesterday's session, the market was covered by green color when the cash flow returned, especially to banking stocks. In addition, sectors such as securities, real estate, steel, aviation also made a positive contribution.
• Although tally increased significantly, the trading value of HSX was quite low at VND 2,213.6 billion. The daily trading range was 8.66 points. The market breadth was positive today with 169 gainers / 92 losers.
• At the end of today session, the VN Index had a rally by 7.66 points to close at 805.66 points. HNX also gained 0.9 points to 107.43.
 

Market outlook
The market today has a tendency to rally in general, but the biggest contributors were large cap stocks in VN30 (only 4 stocks down and 4 stocks unchanged). After a long losing streak of liquidity and a loss of support level of 800 points, the market demand seems to have returned to the large cap which rallied in term of tally, indirectly reducing the oversupply pressure of the market, the cash flow came back slightly on wide scale. With this gaining session, the market index came back level of 800 points, however, the market liquidity was still very low compared to the recovery session today. Investors should be cautious to the market trend as the rally today may be just a short-term recovery session while the cash flow remains weak and unhealthy.