20160303_BSC_Vietnam Daily Review_EN_VN-Index to fluctuate around 580 points

Summary

The indices keeps green in the most of the trading time today. However, the strong selling at the close pushed the indices near to their references in the beginning of the day. There is no significant difference in term of points. However, market breadth weakened, various stocks moved declining. Foreign investors have a busy trading day on HSX and HNX today.

Recommendation

This is the first session that VN-Index to test the resistance of 580 points. The market will likely continue to shake in the next session. A strong supporting news will be necessary to help indices breakout the current price region. Investors should consider reducing the stock proportion in up session and recovering in technical correction of the market.