BSC - Vietnam Daily Monitor 2015.09.29 - The expected accumulation might be failed

Summary

VN-Index and HNX-Index continually traded in the red, partly because foreign investors remained net sellers on the HSX. As a result, the market breadth was negative on both two exchanges.

Recommendation

Although the Vietnam macroeconomic still remains stable, the market has inescapably declined because of negative information of global macro. In the absence of good supporting factors, the presence of a few bad news is also enough to sway the market. Risk-seeking investors can take moderate position in the down sessions. Medium and long term Investors should continually purchasing the fundamental shares during this period.