20160425_BSC_Vietnam Daily Review_EN_To buy in down session

Summary
The market sentiment seemed to be pretty excited in the early morning, however, it soon weakened as the demand decreased rapidly. Oil and gas stocks, along with VIC weakening pulled blew effort of banking stocks. Besides, KLS has approved the dissolution plan.
Foreigners reduced their net buyers on the HSX, increased the amount of net buying on UPCOM, while sold negligibly on the HNX.

Recommendation
The market will continue to fluctuate in the new range. Overall, the VN-Index is in a better position after passing the resistance of 580 pts in the previous week. It could continue to decline in the next trading session, however, we believe a down session (if any) has a small margin, and we remain positive assessment of current conditions.

Investors bought base shares without increasing in the last 2 sessions when the market is below the lower level of support.

Company updates
DMC - Domesco Medical Import Export Jsc. (HSX)
BID - Bank for Investment and Development of Vietnam (HSX)