6PM Call: Market: History votes for upside - PPC update
​VNIndex broke out strong resistance of 620 pts. Liquidity surged and improved market breadth are signs of more confidence. History is supporting an upward trend to higher ground at 635 – 640 as since 2006 VNIndex has experienced 5 times approaching 620 – 625 and continued to move higher 3 out of 5 times, one of which was “giant wave 2007â€. Blue-chips, especially banking stocks will be leaders of market. However, divergence between stocks and high concentration of capital inflows will limit the ability to earn profit of investors. We also recommend investors to eye on cyclical stocks such as real estate, aquaculture and financial service (securities firms) stocks.
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