Daily Review

20161116_BSC_Vietnam Daily Review_EN_ The support comes from VNM

  • Date

    16/11/2016

  • Language

    Tiếng Việt

  • Number of Downloads

    10

Detailed report

Highlight
Market volatility has shown a tension in the session by the movement of two large stocks in the market VNM and ROS. VNM was unexpectedly strong recovery after the long chain from early correction in November, taking the excitement to the majority of shares in the market in the beginning of the morning session. However, selling pressure which pulls back the price of ROS on the floor has made continuous fluctuations of market indicators and trading psychology of the market. The recovery of ROS in the early afternoon session also helped the market index reached level 676 points, but the weakening of ROS rapidly led the market decline of nearly threshold referenced in late trading. Market index rose slightly 0.34 points, gaining 674.60 points, respectively 00:05% increase, stable liquidity and fluctuations continue shrinking.
In addition to the focus on the two big stocks VNM, ROS today, the money market is maintained in some stocks, such as HPG (+ 0.2%), FLC (-0.7%), Italy (+ 0.8%) , HSG (-0.5%), HBC (-1.2%), DPM (+ 1.1%), DBC (+ 1.3%), SHN (-1%), GTN (0%) with intraday trading value over 30 billion dong. In addition, stocks of P series is also attracting attention today.

Market commentaries
It looks like the market is running a zone area to accumulate at 675 points, while liquidity was not positive, but sustained, may show a slight recovery in the coming session. On the other hand, selling pressure is T + 3 in Monday's trading session can also be an obstacle for the rebound. Market indicators necessary to overcome short-term resistance at 680 to return to the safer movement. Cash flow was also gathered and escape evenly between the groups, it is also a sign that market sentiment is improving in a more cautious.

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