20171031_BSC_Vietnam Daily Review_EN_Correction

Highlights
• Vietnamese stock market witnessed a significant decrease.
• Leading stocks were VIC (+0.51 points), EIB (+0.12 points), HPG (+0.54 points), HAG (+0.09 points) và FPT (+0.08 points)
• Laggards were ROS (-1.79 points), GAS (-1.04 points), VCB (-0.7 points), VNM (-0.51 points) và BVH (-0.45 points).
• Speculative stocks such as QCG, HAR, HAI, AMD, FLC, HAR fell sharply
• The trading value of VN-Index in this session reached VND 2.997 billion. The daily trading range was 8.65 points. The market breadth was strongly negative 87 advancers / 185 decliners.
• At the end of the trading session today, HSX significantly decreased 7.92 points, closing at 837.28 points. Same trend, the HNX decreased 0.14 points to 106.45 points.
• Foreigners today net bought VND 50.25 billion on the HOSE focusing on VNM (VND 27.4 billion), BID (VND 17.96 billion), DXG (VND 14.96 billion). At the other hand, they net sold VND 1.34 billion on the HNX.

Market Outlooks

The market today decreased significantly and liquidity also decreased, VN-Index returned to below 840 points. The leading stocks fell back, many speculative stocks fell to the floor, making the index reduced the most in the last 5 sessions. The market dropped sharply but the liquidity also decreased, proving that investors have not conducted bottom buying strategy. Indexes on both exchanges may continue to adjust in the next sessions. Therefore, we recommend investors to limit trading activities, continue monitoring the market and waiting for opportunities more clearly.

Technical Analysis

HSG_Recovery