20170112_BSC_Vietnam Daily Review_EN_ Approaching the resistance at 690 points during the session

Highlight
Selling pressure from bank stocks and the impact from the VCB, which has led market index cannot conquer resistance at 690 points today. Besides, a large number of stocks remained positive gains pace, regardless of BVH, DPM, SAB also somewhat reduce the impact of regulation of the market index. Oil and gas stocks, Fertilizers sector, Plastics sector increase today with a positive liquidity support, in addition to the impact declined from the Bank group, Steel, most of the remaining sectors in the market little changed. Market liquidity shrinking in value in the session, in addition to the focus on large caps as usual, evidence session makes a huge trading volume more than 14.4 million units of shares HAG Hoang Anh Gia Lai, make liquidity surged. Two shares HBC, DPM also worth liquidity surge above 50 billion dong.

Market commentaries
While large-cap stocks of the banking sector shows signs of price increases slowing down near the previous peak or cumulative background old, selling pressure from both domestic and foreign investors in the sector today, the cash flow seems to back the fundamental stocks barely affected by the upward trend of the overall market and also have the opportunity to raise prices. Cash flow also shifts to the stocks in the same sector and the same group of market capitalization.
The technical indicators are still showing upward trend of the market in the short and medium term. Market volatility index quite close to the resistance level of 690 during the day and the possibility of exceeding this history level of the next session if the demand gaining back some leading stocks. Investors are still opportunities to participate in these stocks expect good business results in the attractive prices, in part also increase the liquidity and general market demand.