20160111_BSC_Vietnam Daily Review_EN_This week-Reducing is mid-term opportunity

Summary

VN-Index and HNX-Index fell slightly, while UPCOM were green today. Sales force primarily appeared in the end of the session. Notable happenings today was the losses announcement of JVC after semiannual review. Market sentiment today was at below average, with relatively narrow width on HSX. Foreigners were net sellers on the HSX, while net buyers on the remaining two exchanges.

Recommendation

The market is likely to move sideways around the threshold of 560 points if any negative information appears more. In the worse case, investors should note that the market's support level lies at around 535-545 points. Investors should carefully observe, only buy if the VN-Index reach equilibrium.