20160105_BSC_Vietnam Daily Review_EN_Lack of market leadership

Summary

Negative movements of global stock markets have partially influenced the Vietnam stock market's sentiment. The indices fell and closed in negative level of the day. Losers overwhelmed the market. Foreigners sold dramatically on the HSX, especially the selling value on large caps such as VIC, VCB, PVD, and SSI. Meanwhile, they bought on HNX and sold negligibly on UPCOM.

Recommendation

The market prospect is not brighter in the next session. The absence of leading stocks, while the world still suffer negative effects in the recent days that make us still apprehensive. Investors holding less stock exposure may continue to buy fundamental shares in the down sessions and quickly stop the loss if VN-Index break down support level of 561 pts.