Daily Review

20161004_BSC_Vietnam Daily Review_EN_Decline throughout the one week

  • Date

    04/11/2016

  • Language

    Tiếng Việt

  • Number of Downloads

    18

Detailed report

Highlights
Market maintained the decline and adjustment trend during the today session. Contribution of ROS stock to the increase in the market index were showing impairment signs during today's session, there were times when selling pressure of ROS dragged the stock price back to the floor price. Closing session, along with negative impacts of some large cap such as VNM, PVD, ROS stocks decreased 0.8 point in the market index. Demand of GAS and some stocks in banking sector returned today, contributing more than one point for the market index. Market diversified in trend and liquidity declined sharply in the weekend's session. Large capitalization stocks had negative performance in the session, while there was a slight recovery in Midcap and Small cap stocks. Market index closed at 666.73 points, losing 15.52 points, equivalent to a decrease of 2.27% compared with last week's trading session.

Market commentary
The exchange could take place some corrections towards lower supporting level in the next week, but the return of foreign net buy would be a positive sign for the market cash inflow. The day resisting level is within 660-670 zone, the divergence of cash flow could be continue to occur with the stocks, which are grouped by their market capitalization, as well as market stocks. The risk of buying at low price level could erode investors’ profit if the market falls down to lower supporting level. Investors restrict trading and observe and come back only if the market liquidity becomes better, as well as the market index resets new supporting price level.

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