BSC - Vietnam Daily Monitor 2015.09.23 - Hard to breakout

Summary

VN-Index and HNX-Index sank in the red throughout today trading session. Market breadth was negative, and net trading value of foreigners is still not huge.

Recommendation

If nothing changes, the market is expected to continue flatting in the future. Note that during such period, the market will be very sensitive to news and can be volatile significantly in the short term as the sudden news appears. In sideways markets, short-term investors should buy in down sessions and quickly take profits, while the medium and long term investors can consider taking a moderate position in underlying shares.