BSC_Daily Vietnam Monitor 02.03.2015_Buying opportunity maybe appears as VN-Index moves to 580 pts

Market sentiment remains weak today when the VN-Index has once broken its 590 support and touched 588.6 pts. However, the positive headline on PMI as well as the foreigners’ net purchases has partially supported the index remains 590 pts at the close. The narrow fluctuation and the unchanged liquidity today showed that the market was close to its new short-term balanced point. But we also note of some largest risks at the present are foreigners stop buying & bank stocks are around their resistance and showed signs of adjusting.

Short-term investors have taken profit under our recommendation in the last two reports can consider buying back if the VN-Index keeps above its 580 pts support.