20171011_BSC_Vietnam Daily Review_EN_Conquered new peak

Highlights
• The trading session today was quite active in the morning, but there was a strong correction in the middle of the afternoon. However, thanks to the contribution of large capitalization stocks, the index bounced back quickly.
• The biggest gainers included VIC (+2.8 points), GAS (+0.8 points), VPB (+0.79 points), SAB (+0.43 points) and BID (+0, 4 points).
• The biggest losers were MSN (-0.73 points), STB (-0.6 points), VCB (-0.43 points), CTG (-0.29 points) and MWG (- 0.16 points).
• After a rally period, the cash flow returned to focus on Oil & Gas, Securities and good fundamental stocks with positive Q3 results. However, the cash flow has not really spread and concentrated in the VN30 group when the red color remained dominant today.
• The trading value of HSX recovered well today and reached VND 3,313.5 billion. The daily trading range was 3.91 points. The market breadth was negative today with 116 gainers / 156 losers.
• At the end of today trading session, the VN-Index increased 3.3 points to close at 813.95 points, the HNX added 0.08 points to 108.65 points.

Market outlook
After strong gains of VIC, VPB and GAS in the morning, the market fell sharply in the middle of the afternoon with STB, MSN and VCB declined. VN30 stocks today advanced sharply with liquidity improvement had manipulated the trend of general market. Instead of creating at ascent effect, cash flow tended to concentrate in the VN30 groups and the major sectors rose. Real estate stocks increased sharply with FPT while banking stocks (STB hit the floor price), MWG declined, was a reverse trend compared to previous sessions. At present, VN-Index is showing better reliability than VN-Index. Noticeable stocks were FCN, CII, FPT and VIC. BSC's view point on the market is positive with a large amount of cash awaiting outside the market and the price level had been confirmed in stocks with good long-term prospects. Investors can hold positions in these stocks and make decisions after the business results of the third quarter of the market are announced.