BSC - Vietnam Daily Monitor 2015.06.16 - Shaking off tomorrow - Changes on portfolios of two ETFs

Summary

The market fell sharply at the end of both the morning and afternoon sessions. VN-Index and HNX-Index finally closed at their today lows.

Oil & Gas and Banks stocks declined. Foreign investors continued to be buyers in the Vietnam market.

Recommendation

Negative price volatilities of JVC and FIT impacted significantly on the investor’s sentiment, leading the market lower. A short-term correction may likely occur next 1-2 sessions.

Investors continued to take profit and patiently wait for new buying opportunities in the lower price level.

Market views

Changes on portfolios of two ETFs