BSC_Weekly report 12.01-16.01.2015_Continually having a close look at large-caps movements_Swiss national bank scapped euro ceiling

The volume unexpectedly shrank, reflecting the investors’ more cautious sentiment as there appeared important events in the world market (see more in the Macro Economy). Oil and gas group adjusted because of world oil prices dramatic volatile, while most other blue chips could not recover except for BVH, MSN, CTG, and KDC. Therefore, the market today partly has lacked of leading stocks which resulted less positive signals in market breadth and cash flows. Generally, the market this week has been sideways around its resistance area. The VN-Index is fluctuating around 575-580 points while HNX-Index hovered around 84-86 points. The indices next week may need more days for accumulation inside this zone.

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The good signs we observed is that cash flow is still running alternately among groups. The short-term profit taking may occur, but will not be really worrying. Besides, the opportunity has still opened in some lagging stocks compared to the general market price area. However, the movement of cash flows as above should be kept pace by large-cap stocks (Oil and gas stocks, banks, and other blue chips ...).