20160112_BSC_Vietnam Daily Review_EN_ The effect of oil price

Highlight
Absent the involvement of stocks to support the market, even the heat of VNM yesterday also cooled as foreign investors turned net sellers again, ROS symbol had no impact too much on scores of the VN-index, the market has kept the big attraction for Petroleum stocks after reports that OPEC had reached an agreement to cut production caused world oil prices rose more than 10%. No less than 4 stocks in the ceiling of the first session moment, all the stocks in the sector rose strongly associated large volume of transactions. Oil stocks rose, led to some individual stocks heading Rubber increased, which PHR (+ 1.4%), CSM (+ 1.1%), DPR (+ 0.9%), DRC (+ 0.6%), however, do not receive the response of the remaining sectors in the market. Demand market has pushed GAS, PVD traded at the ceiling, contribute to 4 points on the impact of market index increased, but only a single attempt while the other large-cap stocks did not heavily influenced by the effect. In reverse, the correction of VNM pulled to close at 135.20, down 2.0% compared with the previous session. Selling pressure dragged share ROS closed at 121 points, decreased 3.2% respectively, a value of 15% of the trading value of the market. The excitement of the trading sentiment was maintained in the first half of the morning session and failed to make the spread to the remaining shares on the market, closing at 666.54 points, VN-Index gained 1.47 points compared to session yesterday.

Market commentaries
The market index is approaching short-term moving average MA (15), around 673 points, is likely to be challenged by the market in the coming sessions, besides, in the short-term support level of 660 points and became the more reliable. Establish a cumulative basis on this support is necessary for the market index, before the uneven recovery from the big caps and trading status of foreign investors improved. Investors can consider buying as the market corrected near support level of 660 points.