20160302_BSC_Vietnam Daily Review_EN_The rally could prolonge tomorrow

Summary

Indexes rise sharply due to positive sentiment in many stocks. The large pillar in banking stocks such as VCB, BID, CTG increase simultaneously, along with the sublimation of VNM help the market with exciting trading day. Expanding of green, has many stocks of penny and small cap which increase strong today.

Foreign investors buy net today, especially on the HSX.

Recommendation

Excitement is covered on the market. The market may continue to rise in the next sessions. However, we also note that the selling pressure may increase when VN-Index approachs resistance of 580 points.

Investors with high proportion of stocks should consider reducing percentage in the next rally and wait for redemption at the technical corrections.

Company updates

TNG - TNG Investment and Trading JSC (HNX)

Stock recommendation

SJS - Cut losss