20160330_BSC_Vietnam Daily Review_EN_The market continues sideways

Summary

The rally of VNM helped VN-Index to close in green, while HNX-Index and Upcom-Index declined at the ATC session. Foreigners were net buyers on both exchanges.

Recommendation

The divergence is expected to continue occuring when the news from the shareholder meeting will help some stocks with good earnings gain. However, the opportunity for VN-Index breaking out the strong resistance level of 580 points is still not great when cash flow has not improved drastically. Investors consider reducing the proportion of stocks when VN-Index rises nearly the resistance level of 580 points and venture buy if VN Index maintains the support level of 560 points in the technical corrections.