20170124_BSC_Vietnam Daily Review_EN_ Overcoming resistance 690 in the decline of liquidity

Highlight
The positive of Gas and Petroleum sector, Banking sector contributed most to the score of the market and create positive spillover effects to the majority of stocks in the market today. Market index formed uptrend throughout the session and easily reached historic resistance level today. The market sector recover quickly on the score, which in addition to Banks and Oil and gas group grew significantly, overall positive return for stocks Rubber, Building materials and Construction. The small cap stocks and low market prices have also increased opportunities with improved liquidity than before, HQC, APC, HNG, ATA, CDO. HAG, KSH ceiling again. Liquidity is the main focus on a number of large-cap stocks, in addition HAG, ASM, SAS, CTD also create mutant intraday liquidity, but liquidity of market continued to weaken, down 8.79% trading value from the previous session. Closed end of the session, the VN-Index reached 691.36 points, up 4.21 points, surpassing the historical resistance of 690 points in the decline of liquidity.

Market commentaries
The positive of Petroleum stocks and banks led the market index easily surpassed 690 points intraday resistance,  with the support of a large number of stocks and  in the majority of market shares. There has been positive in terms of scores, but market liquidity may still decline. Trading volume increased today, but mainly active buying some stocks with market factors and low market prices. The majority of shares in the market is in an uptrend, bringing the excitement of trading psychology in the last session before the end of the holiday. The reduction of liquidity has also been mentioned in the previous session, however, this will also be the chance to go to investors accumulate more fundamental stocks at more reasonable prices, investors should consider  factors to opportunity costs when participating in before the holiday. Bank Group, Petroleum may still will be the focus of the market in the upcoming session. Markets need liquidity increases to support steady rise, short peaks of resistance 700 points.