BSC_Daily report 20.01.2015_Market is now still positive and taking accumulation during an upward trend_NLG, HPG Updates

The market today has got a quite balance breadth (the number of gainers equals the number of losers). The correction was not too strong and there is a significant differentiation among stocks. While many stocks fell, some still rose due to their positive business outcomes (ex: VDS, BVS ..). These good-business-results stocks have also partly helped support the market sentiment at deep decline rates. Besides, some of the blue chips such as GAS, VCB, VNM, and BVH ... have performed well today.

Recommendation

We believe the market is now still positive and taking accumulation during an upward trend, although differentiation can still remain in the next trading day. Hence, we maintain our view and recommendations in the previous report, investors can consider holding and increasing shares ratio at corrections.