BSC - Vietnam Daily Monitor 2015.12.17 - May correct around 580 pts

Summary

BVH led the market on Thursday. Foreign investors continued selling strongly on the HSX.

Recommendation

We believe that the VN-Index could soon face with a technical correction by (1) the absence of foreigner’s demand, (2) lack of positive news, and (3) 580 points is a strong technical resistance. Investors should take advantage of rallies to reduce the proportion of stocks and recover in the down sessions.