20160120_BSC_Vietnam Daily Review_EN_VN-Index to stabilize at 526 points

Summary

The recovery yesterday did not last long since the indices fell early in the session today. Although bottom fishing activity appeased the market sentiment in a couple of times, the stock indices still closed at the low of the day. Market breadth weakened rapidly than yesterday. Notably, the foreigners started to buy on the market.

Recommendation

Thus, the long force is not strong enough to help the market recover. VN-Index may fluctuate in the current range. Investors should continue the tactic of buying in a down market, selling when the market rise. The recommended price range for the VN-Index are 526 (for buying) and 543 points (for selling).