BSC - Vietnam Daily Monitor 2015.10.22 - Continue to diverge by Q3 earnings

Summary

The stock indices keep accumulating thank to the rise of real estate and automobiles stocks that boosted the investors' sentiment. Trading volume fell slightly, however, market breadth improved considerably, especially on the HSX. Foreigner decreased their buying value on HSX, and turned to sell on HNX.

Recommendation

The weekly trend is still moving sideways. The milestone of 600 points is the strong psychological resistance for the VN-Index. It should have a significant supporting information to help the market break out this level. There are several advanced stocks thank to positive business results, hence, investors could believe in the short-term prospects of the market. Investors should carefully observe, keep a reasonable level of stocks and consider partially profit taking in gaining stocks.