20160126_BSC_Vietnam Daily Review_EN_VN-Index to fluctuate around 543 points_HSG and DXG Updates

Summary

Market sharply corrected in the early morning, then rebounded and fell back after all. The notable events in the market today is the decline of a numerous penny stocks. This could be the consequence of the negative movemetn on global market, suchs as the drop of oil price as well as the fall of Chinese stock indices. Foreign investors keep selling on HSX, but buying on HNX and UPCOM.

Recommendation

The international happenings have negatively affected the stock market sentiment. The Central Election XII bid has completed, hence the unpredictable fluctuation will be reduced. The money is remaining in the market, so we expect the stock market to rise tomorrow. Investors consider increasing the proportion in the declining session, especially when VN-Index drop to the bottom around 52x points. In the other hand, we recommend to take profit when VN-Index surges.

Company update

HSG - Hoa Sen Group JSC (HSX)

DXG - Dat Xanh Group JSC (HSX)