20160108_BSC_Vietnam Daily Review_EN_Challenge the support level of 560 pts

Summary

VN-Index and HNX-Index plummeted in early morning and recovered slightly at the end of the morning session. Market breadth was negative with 123 advancers / 290 decliners on both exchanges.

Recommendation

Vietnam investor sentiment are stabilized somewhat as the Chinese market rose slightly today. Technically, VN-Index still keep the support level at 560 points and far from 2015 lows about 30 points, which may occur during 1-2 heavy down sessions. Therefore, in case of VN-Index has plummeted sessions, investors should keep calm and view as a buying opportunity.

Investors who hold high proportion of stocks should down the proportion of shares in up sessions. Investors holding more cash can buy share in the down sessions.