Investment Recommendation

20160309_BSC_Vietnam Daily Review_EN_VN-Index to conquer 600 points (3)

  • Date

    28/04/2016

  • Security code

  • Company

  • Language

    Tiếng Anh

  • Number of Downloads

    66

Detailed report

Summary
The market continued to adjust slightly, the indexes reversed several times during the session. Banking stocks went down today, making VNM, GAS ... not to keep the green color of the index. The market breadth continued to decline.
Foreign investors remained net buyers on all 3 exchanges in 2nd consecutive session.

Recommendation
VN-Index back test the support level of 590 points. Purchasing power weakened but we still expect the session to retest the resistance at 600 tomorrow.

Investors  can change the corresponding weights of portfolio when the market can determine movement trend in the next session with an increase in liquidity.

Company updates
CTG - Vietnam Joint Stock Commercial Bank For Industrial And Trade (HSX)

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