20171009_BSC_Vietnam Daily Review_EN_Low liquidity

Highlights
• Opening the first trading day of the week, VN-Index continued to move sideways with narrow range, VN30 was the main factor to the rally today.
• The leaders were VCB (+0.5 points), BHN (+0.37 points), HPG (+0.36 points), MWG (+0.18 points) and CTG (+0.15 points).
• The laggards were VIC (-0.63 points), BVH (-0.27 points), PLX (-0.26 points), GAS (-0.23 points) and SSI (- 0.16 points).
• The banking, steel and securities sectors continued to be the main supporters for the market. In the opposite direction, Construction & Building Materials, Oil & Gas and Health cares were the main factors on the downside.
• The trading value of the VN-Index was only VND 2,617.3 billion. The trading range for today was 3.97 points. The market breadth was slightly balance with 148 gainers and 124 losers.
• At the end of today session, the VN-Index increased 1.16 points to close at 808.96 points, and the HNX also advanced 0.77 points to 108.75 points.

Market outlook
The market fluctuating status with the differentiation of stocks and sectors showed that the general investment sentiment had yet cleared and just existed in some sectors with business results rumor in the period preparation for publishing. The banking sector showed positive results, enjoyed market consensus and gained in all tickers on the HSX. In addition, good prospects for the steel sector also helped the leaders included HSG, POM and HPG. Of which, HPG continued to having foreign net purchase. In the general market and VN30, the liquidity has recovered together with investment sentiment was gradually revealed that will bring many opportunities for short-term portfolio. In consideration of VN30, BSC believes that the ascent momentum is still strong and VN30 could surpass the VN-Index in the upcoming sessions with the consensus from banking sector and BCs with good business results in Q3.