VCSC Daily - Vietinbank deal, Petrosetco visit

Market Commentary

13 Dec 2012

Technical comment. We still think the markets will correct in the next two or three sessions. Investors should be patient, wait for buy signals and do not chase prices to mitigate risks. Of note, ACB soared late and was the largest contributor to the HNI's recovery. But beware, ACB is trading at a very strong resistance of VND16,200 and momentum indicators show that it is overbought. We think a correction is in store for ACB after an impressive eight consecutive session rally.

Contact us for a research access: (+84) 2 8888 2 6868