20160314_BSC_Vietnam Daily Review_EN_VN-Index to accumulate to conquer 580 pts

Summary

Liquidity increased sharply on the HSX in the first trading session of the week, the profit taking activities became stronger. Yet, the majority of stocks still rising that maintained the green of the VN-Index at the close. UPCOM-Index surged by VGG while HNX-Index dropped slightly. Market breadth was generally positive. Foreigners backed to buy on the HSX, while keeping the purchase magnitude on the two remaining exchanges.

Recommendation

The current trend of the market is still quite positive. We continue to expect the VN-Index will conquer the 580 points in the next few sessions. Investors can consider buying in the technical correction and continue to hold if VN-Index passes successfully 580 points with large volume.

Stock recommendations

Short-term portfolio: Take profit in PXS