20161230_BSC_Vietnam Daily Review_EN_ Expect the return of cash flow

Highlight
While VNM are selling pressure from foreign investors in the session, the stock price lost 2.3% against the previous trading day and the impact it made corrected market index today, the large-cap stocks large and recovery effects of market shares given index slightly exceeds the reference price in the last trading session of the year. Large cap have a positive impact on the market included scores GAS, MBB, MSN, ROS, SAB evenly. Market indices closed the session at 664.87 mark, up 14.8% over the previous year. The average liquidity of the market in 2016 to improve the positive, reaching 1,642 billion / day, corresponding to 26.83% increase over the previous year, mainly concentrated in the second and third quarter of this year.

Market commentaries
The trend of foreign net withdrawal affect market trading sentiment in the last months, causing reduced liquidity and the majority of shares in the market fell sharply. Market index remained sideways movement in the average price range between short term and medium term, MA (15) and MA (15), not clearly defined trend. In 2017, many of the large-cap stocks listed on the floor can cause the stock market size growth, and also eliminated the low quality stocks, causing damage to the interests of invest. Pressure from the release of the Fed raising interest rates next year may still affect the dynamics of foreign investors, but P / E of the market of Vietnam is also a downward trend on the lower level, as well as opportunity to hold these stocks basically good at attractive prices.