20171024_BSC_Vietnam Daily Review_EN_Recovered

Highlights
• After the decline yesterday, Vietnam stock market gradually increased.
• The top leaders were ROS (+1.95 points), GAS (+1.2 points), BHN (+0.63 points), VNM (+0.57 points) and MWG (+0.3 points).
• The top laggards were BID (-0.2 points), DHG (-0.18 points), CTG (-0.15 points), PLX (-0.10 points) and BVH (- 0.08 points)
• Today, many stocks recovered well, driven by the business results announced.
• The trading value of HSX in today session reached VND 2,746 billion. The trading range for today was 10.32 points. The market breadth was fairly balance today with 141 advancers / 133 decliners.
• Ending the trading session, VN-Index rebounded 5.20 points, closed at 825.24 points. The HNX index rose 0.44 points to 106.69.

Market outlook
The impacts of the deep decline yesterday continued to affect the market index today, and there is a time VN-Index broke the support level of 815 points but the psychology of investors to buy at lowest price, along with the put through market contributed big value of VND 3,406 billion, of which VND 2,700 billion came from the VNM deal help the general market recovered. The diversion is taking place on a wide scale, from Blue-chips, small and medium stocks, or sectors with market factors such as Banking, Securities, Real Estate, Oil & Gas. Despite the support from the large cap stocks, the liquidity in the trading day dropped sharply although the Q3 business results were quite positive. Investors should be cautious during this time, when the market index is in the strong fluctuation range from 815 to 830 points before defining the trend, avoid buying the stock to attract short-term cash flow.