20160224_BSC_Vietnam Daily Review_EN_Consensus_HBC Update

Summary

Banking stocks led the market movement in the session today. Early psychological instability which largely due to the drop in oil prices yesterday has been quickly stabilized, helping the indices rose rapidly in the late morning. The market witnessed a excited trading day with a fair balanced market breadth. Foreigners were net buyers on the HSX and UPCOM while sold on HNX.

Recommendation

Consensus in the market is still significant. In the next session, the index is likely to continue rising. However, investors should note that VN-Index is approaching the resistance at 580 points. Investors should increase the proportion of shares in the technical correction of the market, limiting chase at high prices due to the VN-Index is approaching 580 points.

Company updates

HBC - Hoa Binh Construction & Real Estate Corporation (HSX)