BSC - Vietnam Daily Monitor 2015.03.24 - Bottom fishing opportunity might appear tomorrow

Summary

Although foreign investors decreased their net selling value, the indices still sunk in red.

However, stock market recovered slightly at the end of the session by the bottom fishing demand. The notable stocks were PVD and DXG.

Recommendation

We believe that the market is likely to stop decline deeper and turn to sideways since foreign investors could ease selling pressure tomorrow.

Short-term recovery is likely to take place when the VN-Index approach the support range of 560 - 562 points. Risk loving investors can open position while the risk averse should keep out of the market.

CANSLIM portfolio

We recommend BUY the following stocks: PVT, SD6, and SSI this week.