20160304_BSC_Vietnam Daily Review_EN_Week ahead-VN-Index to challenge 580 pts

Summary

Stock market witnessed an active trading day on Friday. The highlight of the day focus on the natural rubber stocks with the maximum magnitude during the session. Raw rubber prices rose sharply in recent 3 sessions that steered those stocks out of a long negative years. However, the selling pressure increased dramatically at the end of the afternoon that made the VN-Index and HNX-Index failed to hold the strong gains as the early afternoon. Foreigners bought a massive value on the HSX, while maintained a stable purchase power on the two remaining exchanges.

Recommendation

Price movements of oil and rubber prices are significantly inspired the Vietnam stock market in the recent session. However, the rise of oil prices seems to be vague in the next few days. Tthe stock indices could shake on Monday, especially when approaching the resistance at 580 points. Investors should consider buying share in the technical correction of the market in the next a few of sessions.