20160112_BSC_Vietnam Daily Review_EN_Retest the support level of 560 pts

Summary

VN-Index surged in the end of the trading and closed at the highest price of the day. Foreign investors purchased and sold in a balancing way on both exchanges.

Recommendation

We believe that the market will continue to shake and trade in a balancing way at around 560 points as the market is locating in low-lying areas of information. Technically, the VN-Index had a positive trading session when closing at the highest level with a slight increase in volume of 11%, so the index may soon return to test the previous bottom of 560 points.

Adventurous investors should consider buying in plummeted sessions and take advantage of gaining sessions like today's to reduce the proportion of stocks. Cautious investors should continue to stay out of the market.