BSC - Vietnam Daily Monitor 2015.12.08 - Market may back to decline soon

Summary

The market fell sharply in morning session and impressively rose by the end of today session thanks to the leading of BVH, VCB and VNM. However, foreign investors continued to sell strongly on the HSX.

Recommendation

VN-Index falling below 560 points in this morning stimulated cash flow returning to the market. However, foreign investors still sold on both exchanges. Short-term risks therefore remain high, and the market will continue to face selling pressure in recovery adjustments. Investors holding many stocks should take advantage of recovery session in order to reduce the proportion of stocks. Medium and long term investors can buy fundamental stocks in deeply falling sessions.