BSC - Vietnam Daily Monitor 2015.03.27 - Foreigners’ selling pressure will reduce next week - VSC Updates

Summary

Today movement of market continued depending heavily on ETFs. Indices decreased, and market breadth was fairly negative. However, supporting level 550 of the VN-Index has still not been broken.

Recommendation

We expect selling pressure of foreign investors will reduce next week. The market therefore can have a slight recovery in short term. We continued to recommend risk lovers calling the bottom today. Cautious investors should stay out of the market at this time.

Company Update

VSC – Vietnam Container Shipping Corporation (HSX)

Stock Recommendation

Short-term portfolio: Buy REE