BSC_Weekly report 24.02-27.02.2015_Consider limiting to open new long positions

The decrease of foreigners’ buying has negatively affected the stock market today. Meanwhile the domestic demand showed not strong enough to absorb the profit taking supply around the strong resistance of 600 pts. The market liquidity continued to narrow has expressed the decline in market momentum and therefore the immediate support of 590 pts is only reliable when foreigners keep their net buying in the next week. We more appreciate the ability that VN-Index will decline to its stronger of 580 pts and then get balanced there.

Recommendations

Investors should consider limiting to open new long positions and reduce the stock portfolio to safe ratio due to the rising short term risks.