20171010_BSC_Vietnam Daily Review_EN_Sudden Excitement

Highlights
• At the opening of trading session, the market was quite gloomy as large cap stocks dragged the market down. However, the buying force at the end helped the index regained the green color and crossed the threshold of 810 points.
• The biggest contributor to VN-Index included MWG (+0.55 points), VCB (+0.36 points), PLX (+0.31 points), VPB (+0.29 points) and VIC (+0.21 points).
• GAS (-0.3 points), VNM (-0.23 points), BHN (-0.18 points), CTG (-0.15 points) and LGC (- 0.13 points) were the most point-taker of VN-Index.
• After several supporting session, the banking sector started to witness different price movement within sectors. Moreover securities, aviation and petroleum stocks also fell sharply.
•On the other hand, real estate, steel and stocks of small-cap and mid-cap were attracting attention and performed well today.
• The transaction value of the VN Index, though still at medium level, tended to recover slightly to VND 2,964.5 billion. The daily trading range was 4.35 points. The market breadth was 137 gainers/125 losers.
• At the end of today trading session, VN-Index gained 1.69 points, closing at 810.65 points, whereas HNX lost 0.18 points, closing at 108.57 points.

Market outlook
After many stagnant trading sessions, demands returned today and caused VN-Index to rebound to 810 points levels. VN30-Index was heavily supported by the MWG, FPT and HPG (strong gained in the ATC) which helped the index advanced slightly after the fluctuations throughout today trading session. For the VN30-Index Futures Contracts, the number of open positions indicates that the investment sentiment has appeared on the market. While companies are preparing third Quarter III and 9 months financial reports, stocks with good fundamentals and long-term prospects will receive a big demand from investors in the short-term. Therefore, BSC recommend investors to increase the proportion of these stocks for short-term portfolio depending on investment sentiment. However, stocks in the VN30 are the first choices except for oil and gas sector.