20160216_BSC_Vietnam Daily Review_EN_The stock indices to continue to move up_PLC Update

Summary

The rise of world stock index more or less had positively on psychological impact on investors. The buying force increased in oil and gas stocks as the energy ministers of OPEC and Russia meeting in Doha today. Market breadth was positive again, the indexes closed at the highest zone of the day. Only UPCOM-Index closed in the red color. The net selling volume of foreigners on the HSX had no significant changes compared to yesterday, while they remained net buyers on the HNX and UPCOM.

Recommendation

Upward trend can be sustained in the next session. The index broke through technical resistance, however, the upcoming market movements can bear strong impact from fluctuations in oil prices. Investors should consider taking profit when the index rose sharply, by contrast, in the case of market decline, investors consider reopening the position.

Company updates

PLC - Petrolimex petrochemical corporation (HNX)