20171020_BSC_Vietnam Daily Review_EN_Strong decline

Highlights
• The red color today was flooded in the stock market, causing the index to close below the reference level, although in the beginning of trading session, the VN-Index jumped to the resistance level of 830 points.
• The top leaders were ROS (+1.7 points), VCB (+0.42 points), VIC (+0.31 points), GAS (+0.3 points) and MSN (+0.23 points).
• The top laggards were SAB (-2 points), MWG (-0.54 points), BVH (-0.29 points), SBT (-0.26 points) and HPG (-0, 2 points).
• The market index today witnessed the decline in almost all sectors as well as key stocks due to selling pressure and the drop in the indexes.
• The trading value of VN-Index today reached VND 3,904 billion. The daily trading range was 6.73 points. The market breadth was strongly negative today with 90 advancers / 178 decliners.
• Ending the trading session today, VN-Index dropped 2.09 points to close at 826.84 points. Along the trend, the HNX fell 0.94 points to 108.14 points.

Market outlook
The market today fluctuated strongly, although in the morning VN-Index had surpassed the resistance level of 830 points, the selling pressure had forced the index to go down deeply and closed below the reference level. Today's red color spread in the market wide scale, especially the large cap stocks with 20 stocks declined in the VN30. Except for the current divergence in banking stocks, other sectors were subjected to strong corrections. The most highlighted in the session today was that despite the strong selling pressure, the real estate sector was attracted cash flow. Today's correction was a reasonable move since the market index had some "surging" sessions in this week. The decline in the reasonable level will also attract the attention of investors in the next session.