20171027_BSC_Vietnam Daily Review_EN_Breaking the 840 points

Highlights
• Vietnamese stock market witnessed a significant increase at the end of this week.
• Leading stocks were ROS (+2.33 points), VCB (+1.97 points), VIC (+1.76 points), BID (+0.67 points) and VJC (+0.64 points).
• The stocks that made the market fall were BVH (-0.4 points), SAB (-0.38 points), SBT (-0.16 points), HSG (-0.12 points) and QCG (-0.11 points).
• Apart from a few Blue-chips, stocks with high market value such as securities, real estate, and construction had increased quite well.
• The trading value of VN-Index in this session reached VND 2.889 billion. The daily trading range was 11.92 points. The market breadth was strongly negative 154 advancers / 125 decliners.
• At the end of the trading session today, HSX significantly increased 10.26 points, closing at 840.37 points. Same trend, the HNX increased 0.14 points to 106.45 points.
• Foreigners today net bought VND 93.79 billion on the HOSE focusing on VIC (VND 21.7 billion), HBC (VND 11.7 billion), PLX (VND 10.3 billion). Same trend, they net bought VND 13.69 billion on the HNX

Market outlook
The market today moved surprisingly when the demand increased at the end of the session, causing the index to increase strongly, moreover, VN-Index also broke the resistance threshold of 840 points - not many investors would think about it. Today's uptrend began with some large-cap stocks like VCB, VIC and MSN then spread in sectors with market factors such as Banking, Securities, Real Estate, and Construction. However, the demand at the end of the trading session was not really big which made the liquidity weakened comparing to that of yesterday and focused on some large-cap stocks such as VJC, REE and VCB. According to BSC, the uptrend today is quite sudden and not really reliable when the matched value in the session is quite low, the cash flow is not spill-over although stocks still tend to increase. Like the previous "hot" increase, it is likely that the market will have corrections when the price of stocks is pushed up fairly high in the last trading session of the week