20160114_BSC_Vietnam Daily Review_EN_A short-term glommy outlook

Summary

Negative information from the Chinese stock market affected negatively the market sentiment. All three indices were in red, market breadth was negative. However, the bottom fishing value increased when the indicators fell sharply. Foreigners were net sellers on the HSX and HNX, the net purchase on UPCOM negligible.

Recommendation

The outlook in the short term the market is gradually deteriorating due to the negative news as foreign selling, and gloomy sentiment on the world markets. Investors consider reducing the proportion of stock in the declining rhythm. Medium-term investors to consider buying as the index plummeted.