20160328_BSC_Vietnam Daily Review_EN_A probably fluctuation at 580 points_DGL Update

Summary

The majority of the large-cap stocks rose, pushing all the three indexes soar today. Moreover, the heat of thermal power and plastics stocks also impacted the market sentiment. Market breadth was positive, the indices closed at the highest price of the day. Besides, foreign investors continued buying on Vietnam stock market.

Recommendation

Despite gains today, VN-Index shows the signs of weakness in the short term. The threshold of 580 points is still a strong resistance at the present time, selling pressure is likely to increase if the VN-Index approached the threshold of 580. Investors should consider lowering the proportion of stocks when VN-Index hit strong resistance at 580 points and recovering in deep technical correction of the market.

Company updates

DGL - Duc Giang Lao Cai Chemicals (HNX)