20160331_BSC_Vietnam Daily Review_EN_Unsteady market to face the support of 560 pts_VHL Update

Summary

The indices slopped sharly since the strong selling pressure was triggered in the early afternoon. VN-Index and UPCOM-Index lost a huge value due to the declines of the large-cap stock such as GAS, VCB, VNM, VEF, and MSR. HNX-Index dropped lighter thanks to the support of ACB. Overall, the market breadth narrowed today on 2 largest exchanges. In contrast, various tickers soareed in UPCOM, yet the index closed in red. Foreigners were net sellers on the HSX, net buyer on HNX.

Recommendation

In periods of market volatility, psychological factors are often more interested rather than fundamental ones. Therefore, market movements around the support level has a huge impact on the increase or decrease of the market in the next trading . Investors should be cautious in the next session when the VN-Index fell below 560 points. We recommend investors to lower the proportion of stocks, especially in the recovering rhythm. Buying activities are risky at this time, therefore it should only be undertaken when the index falling deeply.

Company updates

VHL - Viglacera Ha Long JSC (HNX)

TRA - TRAPHACO Joint Stock Company (HSX)