BSC - Vietnam Daily Monitor 2015.07.23 - Negative signs in the upcoming session - CSV, HT1 Updates

Summary

The stock market basically reversed today. Despite closed in green, the HSX's breadth became negative. Insurance stocks were the main gainers. Foreigners were net buyers on both exchanges today.

Recommendation

The market can be adjusted in the next session due to the pressure of the bottom fishing volume 2 days ago. However the resistance level of 600-610 will be maintained. Market outlook remains positive in the medium term. Risk-loving investors might wait for the next market correction to increase the proportion of stocks. The risk-averse investors might continuously remain their proportion of stocks in the safe level.

Company updates

CSV - Southern Basic Chemicals Joint Stock Company (HSX)

HT1 - Hatien 1 Cement Joint Stock Company (HSX)