20160309_BSC_Vietnam Daily Review_EN_The fluctuation has not yet finished_VSC Update

Summary

Despite the upward momentum in most of the morning session, VN-Index fluctuated and closed in red today. HNX-Index and UpCOM Index rose slightly. Seaport sectors (VSC, GMD, PHP) had a busy trading day. Oil & Gas sector adjusted, while the Real Estate performed relatively weak. Foreigners were net sellers on HSX and HNX, and were net buyers on UPCOM.

Recommendation

The market is likely to still adjust in the next session. The mark of 580 points is possible for VN-Index in the event of more than one group leading the market. Adventurous investors should continue increasing the stock proportion in the technical correction, especially fundamental stocks having expected positive 2015 earnings.

Company updates

VSC - Vietnam Container Shipping JSC (HSX)

Stock recommendations

Short-term portfolio: Take profit in TNG