Fluctuating around 830 points_Technical analysis_RAL_Escaped the trough_BSC Daily Review_EN_20171026

Highlights

• The market was strongly fluctuated, VN index was nearly lost 830 points.

• Most gainer stocks included ROS (+2,11 points), VNM (+0,74 points), SAB (+0,65 points), MSN (+0,32 points) and DMC (+0,05 points).

• GAS (-0,9 points), CTG (-0,44 points), BID (-0,4 points), VCB (-0,21 points) and HPG (-0,21 points) dragged the market down.

• Today, decreasing trend was spreading to almost all of the stocks especially in Securities and Real estate sectors.

• The transaction value of VN-Index in today session reached VND 3.231 billion. The trading range for today was 10.75. The market breadth was 77 advancers / 185 decliners.

• Ending the trading session, VN-Index slightly decreased 0.58 points, closing at 830.11 points. The HNX index declined 1.09 points to 106.31.

• Foreigners today net bought VND 111.79 billion on the HOSE focusing on VNM (VND 176.8 billion), VJC (VND 23.1 billion), FCN (VND 12.3 billion). In the opposite direction, they net sold VND 0.23 billion on the HNX

Market outlook

Market today fluctuated strongly. Although the index sometimes fell to support level of 823 points, but there was a significant recovery at the end of the session and the index still ended the session at 830 points. However, the support only came from a small number of stocks with large capitalization since the correction took place on a wide scale with strong selling pressure after two short-term increase sessions, such as stocks in Banking, Securities and Oil & Gas sectors. Besides, the psychology of buying stocks at low price from investors had made the liquidity today to have a recovery focused on real estate stocks and some speculative stocks such as FLC, FIT and ASM. Today's correction is quite reasonable when the cash flow of the market was quite weak and there was no spread. In general, the market index might continue to fluctuate as the current support was quite weak and there was no strong drop in the tally of individual stocks.

Technical Analysis

RAL_Escaped the trough