BSC - Vietnam Daily Monitor 2015.06.04 - Struggle will continue

Summary
HNX-Index went up to new high while VN-Index was still below 570.
Liquidity slightly decreased by 5% from the previous day.
ACB got the strongest advance among banking stocks; VCB, BID and SHB were unchanged.
The oil and gas and securities company stocks could not keep their upturn momentum while the cash flow has shifted into the real estate group.
Foreigners kept net selling on the HSX with - 26 billion dong but remained net buying 28 billion on the HNX.

Recommendation
Market momentum has weakened from the previous day, but cash flow remained its good rotation.We believe the market is still in the balanced area; a slight rise or fall at the present can be not important as maintaining the market liquidity.
Basically, investors can still hold good fundamental stocks which have not rallied much. Consider reducing stock rate if the liquidity strongly weakens and/or banking stocks become worsening.