20161101_BSC_Vietnam Daily Review_EN_ Lack of motivation to break out

Highlight
The correction and weakening liquidity occurred in most stocks by market capitalization and by sectors. Specifically, there 7/12 market sectors achieved positive performance; the group actively comes from stocks Pharmaceuticals and Building Materials. Meanwhile, oil and gas stocks, Plastics, and most of the remaining sectors had a decrease evenly. Trading session, due to the recovery of most large-cap stocks, including BID, BVH, GAS, VIC, HT1 pulled the market rose on the index, although most stocks are still bearish. The VN-Index closed above the reference level, reaching 676.60 points, up 0.8 points, reaching 0.12%.

Market commentaries
The market cannot find the motivation to break out, while transactions in the session tend to shrink. But the market has not lost in the medium term uptrend, but the market risk may grow up if market sentiment continues to maintain less excitement. The indicator supports technically barely able to see the positive and keep the bearish formation from the first sessions in October; indicator of cash flows MFI (14), the market strength index RSI (15) have  been adjusted towards the oversold area. Investors should maintain observing these fluctuations and limited market participants if the trend remains unclear, a correction in the session but also can cause damage in the short term and affect the price movement in the medium and long term.