20161130_BSC_Vietnam Daily Review_EN_ Market Demand from VNM

Highlight
The foreigners were suddenly come back to buy more than 4.3 million shares of VNM in session today, this is a major focus of the market in today's trading session, the buying volume of foreign investors accounted for more than 80% volume of VNM share in the trading session. SCIC official information that 9% of the shares offered for sale at a starting price of VNM is 144, and the condition is not lower than the floor price of December 12 ‘s session, this has spurred demand for domestic and foreign investors in the mass before the opportunity to hold VNM at low price before the offering date. VNM shares rose nearly 8 points in the session, the highest price of 142, closed 138, respectively up 2.8%. Thus, a difference between the floor price of December 12 and the starting price will likely boost demand pushes up the price of VNM proceed, without distinction  these two prix before the offering date, investors will not buy a good position if the market price reaches through at 154. Demand market really only started coming in the afternoon, leaving most of blue-chips rose sharply, which also mention the HPG (+ 4.3%), HSG (+ 3.6%), SSI (+ 1.5%), VIC (+ 1.5%), BID (+ 0.7%), VCB (+ 0.7%), with trading volume surge during the session. The rise of large stocks have spillover effects to create most of the shares on the market, the market closed at 665.04 points, up 6.81 points over the previous session.

Market commentaries
Large stocks still hold an important role in determining trends and trading psychology of the market. Besides, the effects of ROS on market transactions today are also down, only about 5% of the total market trading value, contributing 1.36 points in the index's gains in the market.
The trading activities of foreign investors are unusual, but it is also creating opportunities for investors to lower the proportion of stocks at reasonable price than buying time. The market is still moving in the area of risk, recommends investors should refrain from making purchases in accordance with market trends when the market index has not created a base price of accumulated stable, risk T + still possible if the market index check the lower level of support.