20161114_BSC_Vietnam Daily Review_EN_The failure at the level of 680

Highlight
A consensus of the majority of large-cap stocks led the market indices deep correction today, while share of ROS remained strong rally opposed to the general trend of the market movement. Downtrend that has lasted throughout the session that the majority of market sectors to correct, in which the group Real estate, oil and gas, energy and building materials have the lowest level of market correction. Stocks in the steel industry, Minerals and Building represent a positive trend today. The majority of the shares of the steel industry groups, including the large-cap stocks as well as a number of small-cap stocks have increased and demand has been very positive, which TLH (+ 6.8%), SMC (+ 3.8%), HSG (+ 2.8%), NKG (2.3%), VIS (+ 1.7%), HPG (0.6%). In late trading today, the market lost more than 6 points, getting close to the resistance level of overall 670 points, closing at 673.05 points, down 0.91%.

Market commentaries
The technical indicators have not yet seen a clear recovery trend of the market, however, cash flow indicator MFI overbought escaped and was more active. Market index failed to conquer without resistance 680 today. The VN-Index lost position exceeds the short-term moving average and medium MA (15), MA (45) of the last week and there may be further correction in the coming sessions around the support level 670 points in  short-term. Although the impact on the market scores from the majority of large-cap stocks, but investors may participate on the stock sector is showing signs of positive scores and cash flow the next session.