20160217_BSC_Vietnam Daily Review_EN_The market is witnessing uptrend_Tire companies

Summary

After a short rise in the early trading session, index quickly adjusted and closed at low price range. Particularly, VN-Index and HNX-Index fell slightly, while UPCOM Index maintained the upward momentum. VNM with special events has led VN-Index today. Market breadth weakened, although still maintaining the balance. Today, foreigners doubled the sales volume on HSX, and returned to the net selling position on HNX. They remained net buyers on UPCOM with small volume.

Recommendation

The market remains in the short term upward trend; however, selling pressure will cause the index shaking and accumulating. Investors should consider taking profit when the index increases sharply; by contrast, in case market declines, investors should consider reopening the position.

Company updates

Tire companies