VCSC Daily - Blue-chips rally HSX, foreign investors extend streak on HNX – VND 1.88tr G-bonds sold in 1st auction of year

The markets end the week in the green on low volume trading. The HNX had mixed performance but wrapped the week up 1.6% thanks to foreign investors extending a 23-day net buying spree. The HSX notched its first 5-day positive run since September leading to a 5.2% gain for the week. We believe the rally can be credited to investors picking up blue-chips that have been quite oversold. Specifically, index-heavyweights BVH, CTG, MSN, VIC and VNM combined for 4.56 points of the VNIndex’ 6.22 point ga