20160215_BSC_Vietnam Daily Review_EN_Bottom fishing will keep the market beat

Summary

The stock market ended the first session of the new year in the red. However, the positive point is that the index closed at high prices of the day. The decreased amplitude is relatively small, the market breadth is quite balanced. The strong recovery of world stock indices today affects positively the market sentiment. Foreigners bought on the HNX and UPCOM, while sold significantly on the HSX.

Recommendation

Increase of bottom fishing in deep reduction can keep the trend of recovery in the short term for the coming sessions. Nevertheless, investors should keep cautiously of the market developments. Venture investors may participate in the deep decrease if bad news does not appear.