BSC - Vietnam Daily Monitor 2015.08.31 - The weak ahead - Accumulation

Summary

The stock indices adjusted, the market breadth narrowed rapidly. Securities firms such as SSI, and HCM increased positively today. Foreigners turned to short position in Monday's session. On HSX, they sell mainly HAG via put-through transaction.

Recommendation

This decline today is a predicted correction that bring a positive implications for stock market after the strong gains last week. In the next session, the indices might continue to adjust in order to test the previous bottom. Investors should be patient and wait for the deeper correction in order to have the better position for the future.