20160318_BSC_Vietnam Daily Review_EN_ETF pressure dragging indices

Summary
The VN-Index and UPCOM Index adjusted a little bit, while the HNX-Index increased slightly on Friday's session. The focus today is that the active net selling of foreign investors increased in the context of ETF portfolio restructuring. Large cap stocks likes GAS, VCB, MSN dropped, while market breadth narrowed again.


Recommendation
The market might signaling to move to the riskier phase. The selling pressure increased despite the big money is still remain in the market. Cautious investors consider to take profit the portfolio; Venture investors may consider buying when market show signs of correction of the support 570.