20160212_BSC_Vietnam Daily Review_EN_ Large capitalization stocks with diversification

Highlight
Having no support from other sectors in the last session, Petroleum couldn’t keep a beat up further added today despite OPEC’s information makes oil price to continue the journey exceeded 50. The quick saturation caused the majority of stocks in the group to decline, GAS, PVD, PVS subjected to the impact of foreigners net sold, while some other stocks were oversold. The rapid weakening of GAS, ROS in the first trading hour made market index falling, the VN-Index got the lowest level today at 662 points. The first half of the afternoon session, the demand came back and pulled VNM to peak 136.5 points, made indirectly market index to recuperate. Recovery efforts of ROS until the end of the afternoon session brought market index approach the reference, closed at 665.14 points, down 1.4 points. Large-cap stocks such as HPG, HSG, STB, VIC, VCB increased, also supported lightly the market index, the adjustment of the GAS (-0.6%), MSN (-2.5%), BID (-0.6%), VNM (-0.1%) in time.

Market commentaries
Market trend is still at the stage of short term correction, market volatility is affected by market information, foreign investors, or only a few stocks. Cumulative movement in a narrow range 660-670 as mentioned in the first session of the week is necessary to market be more stable. Opportunity to participate in the exploration for investors in the next session if the market approaches the short-term support level of 660 points.