20160121_BSC_Vietnam Daily Review_EN_We expect the indices to bottom out soon

Summary

The indices fluctuated in the morning, quickly fell from the early afternoon. Selling pressure in the penny stocks made market sentiment deteriorate. VN-Index and HNX-Index closed with a significant decrease. Foreigners were net sellers on both the main exchanges today, while bought marginally on UPCOM.

Recommendation

The bottom fishing buying increases when the market indices sharply drop. Most likely, VN-Index will balance in the region of 520 and 526. Venture investors consider buying at the deep reduction, avoiding buy in the recovering rthythm.