20170123_BSC_Vietnam Daily Review_EN_ Liquidity decreased

Highlight
The market received positive support of Bank stocks today, VNM tend escape sideways trend in the past two sessions also contribute to maintaining the uptrend of the index during the session. In stark contrast, two of the beer group's share SAB, BHN was corrected in the afternoon session, held back the market's score near the reference level. While scores increased by some large-cap stocks and groups of banks, market liquidity fell sharply again, trading value decreased 7.34% from the previous session. Cash flow is also maintained in bank stocks, some large stocks, some stocks are real estate liquidity also improved, including DXG, ASM, VIC, HBC, HAG and some other small caps. Closing the transaction, VN-Index rose slightly 0.89 points, gaining 687.15 points, still have to stop at most of the top historic 690 points.

Market commentaries
The demand of the market comes from VNM, banking stocks and some stocks of Real Estate in the session, was also somewhat positive impact on the common market during the session. However, reduced market liquidity and market size has not improved while the decliners on both exchanges still predominate. As our comments in the previous session, market liquidity may decline before the Lunar New Year holiday lasts forthcoming, but will also be an opportunity to hold the underlying shares at the lower price and more reasonable, investors consider the opportunity cost to participate before the Holiday. Current liquidity may not improve overall trading sentiment, market index continued fluctuations in a narrow range and lack the motivation to conquer resistance at 690 over the coming days, the threshold level of 680 points is still supported trust.