20160307_BSC_Vietnam Daily Review_EN_Market might fluctuate more_GEX Update

Summary

The 10th week has started with a bull session of VN-Index and HNX-Index. Oil and gas stocks soaring in the context of world oil prices rising. Rubber stocks continued the momentum in the previous session, keep sucking money out of the market. Trading psychology is generally quite positive. In the afternoon session, selling pressure increased since profit taking occurred, resulting in the slowdown of the rally. Yet the index still closed in the green. Foreign investors remained net buyers on all 3 floors, especially on HSX with the net purchase in GAS and financial stocks.

Recommendation

In the next session, the indices might shake with a higher amplitude due to the pressure of profit taking increasing. The milestone of 580 point is still a significant resistance for the market sentiment. Investors holding high stock proportion should consider selling gradually when the VN-Index approaches resistance at 580 points and recovers at the next technical corrections.

Company updates

GEX - Vietnam Electrical Equipment JSC (UPCOM)

Stock recommendations

CANSLIM portfolio: Take profit VIC, cutloss VSC.