BSC - Vietnam Daily Monitor 2015.08.03 - The stock market to keep down

Summary

In the first trading session of this week, the index decreased significantly due to lack of information, in the context of collapse of expectation that TPP will complete in short term. The market breadth narrowed when the number of decreasing stocks exceeded the number of increasing stocks. The foreign investors kept buying on HSX, but selling on the 2 remaining exchanges.

Recommendation

Vietnam stock market is probably decrease in the next session to find out the equilibrium. Therefore, the investors should not participate in the market at the present time. The long term and mid-term value investors may take full advantage of the bearish sessions to increase their proportion for value stocks.