20160122_BSC_Vietnam Daily Review_EN_Week ahead-Indices are bottoming out_BFC Update

Summary

The highlight of Friday's session is the recovery of oil and gas stocks thanks to the strong rise of crude oil prices yesterday. The optimism spread on the market that improved investor sentiment on Friday. VN-Index and UPCOM-Index rose slightly, while the HNX-Index gained significantly at closing. Foreigners were net sellers on the HSX, but net buyers on HNX and UPCOM.

Recommendation

Positive sentiment is coming back in the last session. We expect that the short-term bottom will be established soon, and next week will be a week of recovery after the sharp decline. Risk-seeking investors should continually take position in the deep reduction of the market. Cautious investors consider buying fundamental shares in the down sessions, not chasing the high prices.

Company Updates

BFC - Binh Dien Fertilizer JSC (HSX)