20171017_BSC_Vietnam Daily Review_EN_Banking stocks boomed

Highlights
• After the first trading day of the week, three indexes increased simultaneously. The highlight of this morning was the explosion of banking stocks that led the rise of other stocks, and VN-Index.
• The biggest gainers were VCB (+ 2.76 points), SAB (+1.77 points), BID (+1.55 points), VIC (+0.73 points) and HPG (+0.6 points).
• The biggest losers were MSN (-0.5 points), STB (-0.11 points), FLC (-0.07 points), NT2 (-0.06 points) and VCI (- 0.06 points).
• The market trading range was nearly 9 points for the VN-Index. In general, the uptrend of the market is now supported by blue chip stocks and banking stocks; securities, real estate, construction sectors also important contributors.
• The trading value of VN-Index today reached VND 3,336.259 billion. The daily trading range was 8.86 points. The market breadth was slightly positive 146 advancers / 128 decliners.
• Ending the trading session today, VN-Index increased 8.86 points, closing at 828.29 points. On the other hand, the HNX gained 0.5 point and closed at 109.84 points.

Market outlook
After a slight correction in the beginning session of the week, the market today witnessed positive gains from Blue-chip stock such as SAB, VIC, HPG and especially the boom from banking stocks when VCB and BID respectively contributed 2.7 and 1.5 points to the market index. Money flows today tend to weaken in the oil, gas, real estate sector to spread to the banking, steel sectors and tended to increase in the stocks below par value while turned around in the large cap stocks group. The stock market was quite active thanks to the strong support from the blue chip stocks, the green color of the market gained in ATC (VN-Index gained 3 points in this trading day) while the liquidity was also kept the same compared to the previous trading day. With the current momentum, the VN-Index may well reach the historic resistance level of 830 points in the upcoming sessions when the Q3 business results of the key stocks are announced on the market. However, investors should keep a close watch on stocks that have been "hot" in recent sessions when cash flow has not really spread.