BSC_Daily report 15.01.2015_If the “pillar shares” can alternately rally, it would be safe for investors to hold stocks

The sharp rebound of world oil prices has helped domestic Oil & Gas group replace the Bank and some other Blue chips to gain back their leading role of the market. The movement of the Oil and Gas stocks will continue to depend on the increase / decrease of the world oil prices. However, we believe that the recent sharp reversal will make short term oil prices have positive rather than negative movement; Meanwhile, domestic Oil and Gas stocks have themselves created a quite solid accumulation. Besides, today increased liquidity (especially on the HNX) is considered as a positive sign representing the consensus of the volume with the price trend. The improvement of liquidity will show more money flowing into the market and investors are paying more attention.

Recommendation

We still maintain our view of previous reports: " Opportunities may appear in the lagers (which have not increased much compared to the general market), but the large stocks performance is still essential. If the “pillar shares” can alternately rally, we think it would be safe for investors to hold stocks”.