20161115_BSC_Vietnam Daily Review_EN_ Market index volatility is narrowed

Highlight
Volatility of market indices have dependent movement of the stock price today ROS, price of ROS was dragged back to the floor price and the increased liquidity in the morning that the general market indices were quite close resistance at 670 points. In contrast, large-cap stocks that were under heavy selling pressure from foreign investors in the previous session, recovered, large caps such as MSN, STB, DPM, BVH, PVS, FPT, SSI increased again with the demand of market. Meanwhile a large number of stocks such as VNM, VIC, MWG has still maintained the correction. The market becomes more active in the second half of the afternoon session, when the efforts of the stock increased ROS came back, pulling the market index rose and closed the session up more than 1.2 points, closing at 674.26 points, the corresponding rise 0.18%. Stock of ROS continued to rally, closing 120 points, an increase of 3.3%.

Market commentaries
Market index fluctuated in a narrow range and declining liquidity also showed caution in trading psychology of investors to the pressure of foreign net selling in recent sessions. A slight recovery in most market sectors is also partly due to the positive effects of the steel industry groups today. However, selling pressure also appears from the decline of ROS, this is potentially risky for the general market. In the next session, if the price movements of stocks ROS remained positive, that would not pose a risk for the stock market. The market is likely to continue moving in a narrow price range and do not remove the ability to test short-term support level of 670 points.