20171005_BSC_Vietnam Daily Review_EN_Market shaken

Highlights
• The market index today experienced fluctuations with the VN-Index surpassed 810 points but quickly headed back below the reference level.
• The biggest gainers were MSN (+0.99 points), VIC (+0.57 points), PLX (+0.36 points), VNM (+0.22 points) and ROS (+0.12 points).
• The biggest losers were GAS (-0.86 points), BHN (-0.61 points), HPG (-0.38 points), MBB (-0.16 points) and BID (- 0.16 points).
• Today's session witnessed the fluctuation of large cap stocks, but the banking sector showed signs of weakening, following by steel, oil and gas stock.
• The trading value of the VN-Index was at the modest level of VND 2,989 billion. The trading range was 5.32 points. The market breadth today was 128 advancers / 141 decliners.
• At the end of today trading session, VN-Index downed 0.43 points to 805.23 points. HNX also dropped 0.47 points to 106.96 points.

Market outlook
The ascending session yesterday was more or less affected when the VN-Index rose at the opening but not sustainable because the cash flow was conservative. The general sentiment of investors was still cautious when liquidity continued to hold in the modest level and quickly took profit when stocks gained short term and focused on speculative stocks. Maintaining the point of view in the previous sessions, BSC recommended that investors should be cautious with trading activities following short-term cash flow when the market liquidity is not really strong, the market index is still contributed mainly from large capitalization stocks and not fully represented the market trend. In terms of tally, the resistance level of 810 is just a short-term test for the market index. Investors are also restricted in opening new positions when the market index tests short-term support level of 800 in the upcoming sessions.