20160128_BSC_Vietnam Daily Review_EN_Hard to break 543 points

Summary

VN-Index failed to pass 543 points today. The selling pressure of profit taking activities is a major cause pushing the index fell from the second half of the morning session. Liquidity improved slightly compared to that in yesterday; the market breadth weakened. Foreign investors remained net sellers today, extending the string of 5 consecutive sessions of net selling on the HSX.

Recommendation

The holiday season is coming in the next week. Therefore, there is no certain reason boosting the money into the market. The indices will likely fluctuate in a congested zone. Investors should continue to buy stocks in the deep reduction of the market and lower the proportion of stocks when the VN-Index approaches its resistances at 543 points and 560 points.