BSC - Vietnam Daily Monitor 2015.08.04 - Investors were calmer

Summary

Bank stocks, as represented by the two pillars - VCB and BID, plummeted today which led the market closed down. However, market breadth has more positive signals than yesterday as advancers outnumbered decliners. Foreign investors were net sellers on the market.

Recommendation

Market trend in short term remains negative. Large-cap stocks continue to decline. However, the decline is expected to narrow when the indices is down to a lower level. Investors in general should continue to gain more observation of the market. Risk takers can take positions but must ensure a safe holdings ratio for the portfolios.