20161228_BSC_Vietnam Daily Review_EN_ Lack of motivation to break out

Highlight
The positive of VNM ‘s points in the session contributed to the index's gains, in stark contrast, many large cap stocks corrected, causing market index weakened rapidly even in the morning session and remain below the reference level until the end of the session. Market liquidity has not improved from the previous session, focused on a number of large-cap stocks and real estate stocks, small cap or lower denominations.

Market commentaries
Lack of motivation to recover in the last session of the year, market liquidity remains limited and focused on specific sectors such as the steel industry, real estate, still needed the consent of capitalization stocks large market  from market demand. The market has yet to be identified current trends and sideways may remain until the time of the VN-Index average exit area between the short and medium term, MA (15) and MA (45). Market risk can be corrected  lower support 660. Investors should limit the participation of low-denomination stocks that are attractive in the short-term cash flow with the potential for continued strong discount on the lower price range.