20160106_BSC_Vietnam Daily Review_EN_ETF is buying

Summary

The recovery of many large cap stocks helped the stock indices closing in green. However, selling pressure on VIC is considerable. Market breadth improved as a result of the actively traded blue-chip stocks. Foreign investors remained net sellers on the HSX and UPCOM while bought on HNX.

Recommendation

Today's positive session is probably due to the net buying of ETF which suppressed partly the foreign net sales. The ETF buying activities might continue in the few days. Hence, the market might rebound in the coming sessions. Investors consider reducing the proportion of stock in rally session, and increase stock weight in down session. Investors also consider to buy if VN-Index surpasses its resistance of 580 with large volume.