BSC - Vietnam Daily Monitor 2015.08.17 - A gloomy week ahead

Summary

Stock market was negative on Monday. The major indices fell sharply due to the impact of the large cap stocks such as oil and gas, bank and insurance. Market breadth narrowed as the losers predominated. Foreigners were net sellers for the second consecutive session on both exchanges.

Recommendation

Short-term outlook becomes more uncertain in the context of negative repercussion from macroeconomics. The index might has a technical rebound in the next session, or the fall might slowdown. Investors consider lowering the proportion of stocks in recovery sessions. Medium and long term investors should stop buying and take more time to observe .