BSC - Vietnam Daily Monitor 2015.03.12 – Accumulating phase - Vietnam Airlines updates

Summary

The index fell in the morning then slightly recovered thanks to the bottom fishing activities. The net selling value of foreign fell.

The majority of stocks, including Blue-chips and pennies, moved slightly. That reflects the cautiousness in the market. Stocks benefiting from the depreciation of the euro increased in today.

Recommendation

We keep our opinion of the short correction of the market. We believe that the support level of 580-584 points will not be broken, so risk lovers should take advantage to buy in the correcting session. The purchase of shares following the explosive momentum should only be taken if those tickets are available in the portfolio.

Company Update

Vietnam Airlines