20160322_BSC_Vietnam Daily Review_EN_Market sentiment to retest the support at 570 pts

Summary
The indices fluctuated strongly today. There were times that the VN-Index and HNX-Index dipped deeply since the large-cap stocks dropped together. However, the bottom fishing activities and the purchasing power of foreign investors increasing stabilized the market sentiment. At the close, VN-Index slightly decreased due to the correction of VNM, CTG BID; HNX-Index increased slightly; while only UPCOM-Index surged thank to MSR and VEF. Market breadth of HSX and HNX were quite balanced.
Foreigners were net buyers simultaneously on three floors in the session today.

Recommendation
The market is in the psychological oscillating phases; VN-Index is testing the support level at 570 points. The indices' movements could differentiate stronger, and the market prospects signal a greater risks for the next few days.

Adventurous investors can consider buying at bottom if the VN Index decreased in the upcoming correction, while limiting buying when the VN-Index recovered near the resistance level of 580 points.


Stock recommendations
Short-term portfolio: HT1 - Cutloss