20160107_BSC_Vietnam Daily Review_EN_Negative global news overshadow Vietnam

Summary

Markets have negative psychological effects as the Chinese stock market plummeted and forced to close early. All the three indices were in red again with a significantly reduction. There were only 115 advancers among 390 decliners on total three floors. Without the increase of MSN and VIC, VN-Index might suffer further damage. Foreigners were net sellers on the HSX, net buyers on HNX.

Recommendation

The international turmoil, mainly from China's stock market and the drop in oil prices, continue to threaten the market sentiment not only today, but may also extend into the next session. Adventurous investors can purchase at bottom of the deep reduction of the market. Careful investors should stay out to observe more.