20171013_BSC_Vietnam Daily Review_EN_Climbing index

Highlights
• Opening the last trading session of the week, the market has received a lot of positive contribution from the fundamental stocks. Although there was a division within large-cap stocks, the decline is not strong so the index continued increasing to the new peaks.
• Top contributors to index were SAB (+1.51 points), VIC (+1.04 points), GAS (+0.83 points), VNM (+0.8 points) and VCB (+0.42 points).
• Stocks that drag the market down included BHH (-0.78), HPG (-0.33 points), EIB (-0.1 points), BVH (-0.08 points) and STB (- 0.07 points).
• With the support of good financial results in the third quarter, Banking, Real Estate and Oil & Gas stocks are the center of attention as well as cash flow.
• On the other hand, some stocks that failed the expectation of market in the third quarter report are suffering bad impacts, along with steel stocks experienced selling force, making the price to decrease.
• The transaction value of VN-Index in today session reached VND 2,920.2 billion. The trading range of today was 6.75. The market breadth was 132 stocks increased / 131 stocks decreased.
• At the end of today session, VN-Index increased 5.08 points, closing at 820.95 points. Having the same uptrend, HNX gained 0.73 points and closed at 109.11 points.

Market outlook
The last trading session of the week was quite excited as the market indexes created new highs and surpassed the psychological resistance level of 820 points. This excitement came from the key stocks in the VN30 basket, as the number of advancers in the VN30 was twofold of losers, the VN30 Index also increased nearly 6 points in the today trading session. Meanwhile, the diversion was still taking place in small and medium stocks. However, the market liquidity remained moderate and weakened compared to the previous two trading sessions indicated that investors were still cautious and doubtful of a sustainable rise of the market. After successfully testing the resistance level of 820 points, it is likely that the market will have some technical corrections in the upcoming sessions in able to move to higher levels.