20161129_BSC_Vietnam Daily Review_EN_ Lost the support level of 660 points

Highlight
Although there has been a significant recovery of the stock VNM today after positive news from SCIC in offering VNM on 12/12/2016 day, sending the stock rose more than 5 points, the corresponding rise 3.9% from the previous session; but this also cannot make the market trends in today's trading session becomes brighter. Correction made market index continued to lose 7.03 points, lost the support level of 660 points in the short term, to close at 658.26 points. Number of decrease shares accounted for 259 symbols in the session, opposed to increase stocks today, with only 159 symbols. ROS specific factor today is less expected to strong selling pressure approaching the floor price, the number of shares more than 3 million units in the session, causing the stock price lost the support level of 120, closing at 118.5 points, or decrease 6.7%. The correction of the market also affected indirectly from large-cap stocks such as GAS (-5.1%), VIC (-2.4%), VCB (-1.4%), BID (-3.2%), this group has contributed to reducing the impact on the total score of 6 points of market correction.

Market commentaries
Liquidity improved from the previous session despite the added value from the transaction agreement, and more than half the transactions in the shares of VNM (180.98 billion). These less positive elements as mentioned is still hanging over market movements in recent sessions will also impact on the persistent, noted that elements Dollar exchange rate rose sharply in nearly 2 weeks can make market goods become cheaper. Waiting transaction moves of foreign investors and recommend investors restrict market participants in areas of lower prices when no signs to slowing down of the downtrend, the short-term support at 650 points.