20171023_BSC_Vietnam Daily Review_EN_Black Monday

Highlights
• Red color today covered the stock market, causing the market index to fall sharply.
• Leading stocks were SAB (+2.51 points), ROS (+1.76 points), VIC (+0.10 points), TRA (+0.06 points) and TMS (+ 0.04 points).
The stocks that made the market fall were GAS (-1.95 points), VCB (-1.27 points), CTG (-0.73 points), BID (-0.67 points) and PLX (- 0.46 points).
• The market index today witnessed a decline in almost all sectors as well as large-cap stocks due to strong selling pressure and a drop in the indexes.
• The trading value of VN-Index in this session reached VND 3,688 billion. The daily trading range was 8.43 points. The market breadth was strongly negative 65 advancers / 218 decliners.
• At the end of the trading session today, HSX decreased 6.80 points, closing at 820.04 points. Same trend, the HNX fell 1.90 points to 106.24 points.

Market outlook
The corrections were relatively deep in terms of tally today and in a wide scale of stocks, banking stocks, some stocks in oil and gas, affected the VN-index, VN30-Index. Market indices and most key stocks were below the support level of the MA (20), confirming a short-term downtrend that could continue in the short term when the market had yet confirmed a lower support level. Moderate pressure in wide scale was pulling back the market's support level of 820 points and may test support below 810 in the coming days. Investors were cautious in trading activities when the correction trend had not shown diminishing signals and was affecting most sectors and groups of stocks by market capitalization, risk also increased to the speculative stocks.