20170113_BSC_Vietnam Daily Review_EN_ Waiting for a breakthrough

Highlight
The segmentation of some large cap stocks and volatility of the VCB had indirectly affecting the general market index today. Market fluctuations during the session showed fluctuating supply and demand for large-cap stocks, VN-Index has narrow and adjustment in late afternoon session, this is due to selling pressure most bank stocks, shares of GAS, while the support for large-cap stocks are not better, market liquidity is tight and weaker than the previous session. Closed the last session of the week, the market dropped 1.9 points, temporarily returned to short-term support level of 685 points, closing at 685.06 points.

Market commentaries
Market cash flow that is creeping to the underlying stocks are likely to rise and get out on the key market sectors. Liquidity has not improved and is tending to move back into the smaller cap stocks. Carefulness in the last trading session of the year cannot create momentum given market index conquer resistance at 690 points. Investors should refrain from participating in speculative stocks, waiting for improved market liquidity and maintain a reasonable rate in the investment portfolio before the general market risk can be reversed if the lack of motivation to breakout and profit taking pressure of large capitalization stocks increased.