BSC_Daily report 05.02.2015_Investors should remain cautious, may focus on the good fundamental stocks

There is still no consistent in the rally today when the VN-Index has been mainly supported by a strong recovery of banking stocks and the HNX-Index was still weak. The liquidity continued decline reflecting the investors’ cautious sentiment. When the cash flow shrunk, the short-term investment opportunities will be limited. From the technical view, the 02 recent rebound have not yet fill all the red candle on Tuesday (Feb/03). This combined with low liquidity shows the rally is still unreliable and the T + risks are relatively high.

Recommendation

We remain cautious view on the market. Investors should consider limiting opening new long position. If open long position, investors should keep with low stock ratio, and focus on the good fundamental stocks with prospective business outcomes.