BSC_Daily report 29.01.2015_The market will be likely to move sideways in the next days_Industry Updates - Pangasius

Two stock indices have successfully re-testing their supports of 580 and 86 pts today. The amplitude and frequency of price fluctuation reduced showing more stable sentiment than yesterday. However, the shrinking liquidity reflected the caution from both buyers and sellers. Information on business outcome will keep the differentiation among individual stocks. But there can be some lack of information in the end of the month. Besides, among big stocks can lead the market, the banking group after strong rally will probably need more time to rest while the oil and gas group has not improved yet due to weak movement in the world oil prices. We believe that the market will be likely to move sideways in the next days.

Recommendation

We still hold the view recommended in the previous reports. Investors can still hold stocks if the VN-Index 580 pts support holds.